Recent 60 Minutes' Story Having An Impact On Spreading Word On Foreclosure Fraud

In Charleston, West Virginia, a recent op-ed piece in The Charleston Gazette that, in urging homeowners facing foreclosure throughout West Virginia to examine their court papers carefully, makes reference to the recent 60 Minutes' story describing the forgeries and other fraudulent conduct in the robosigning scandal engaged in by the mortgage industry and its confederates when illegally booting people out of their homes and onto the streets.

From the column:

• Amid the orgy of home foreclosures, banks made an embarrassing discovery: Bundlers who packaged the derivatives often failed to prepare records switching the mortgages into the worthless bundles. "60 Minutes" explained:
  
  "Wall Street cut corners when it created those mortgage-backed investments that triggered the financial collapse. Now that banks want to evict people, they're unwinding these exotic investments to find that, often, the legal documents behind the mortgages aren't there. Caught in a jam of their own making, some companies appear to be resorting to forgery and phony paperwork to throw people -- down on their luck -- out of their homes."
• Various foreclosures stalled when banks couldn't find records showing that they actually owned the mortgages. However, after months of delay, the banks miraculously "found" the missing documents.
• But they made a fatal mistake when they tried to seize the home of Lynn Szymoniak, a lawyer who specializes in forgeries.

For the rest of the editorial, see Forgeries by banks are outrageous.