Understanding the Causes and Consequences of Residential Mortgage Foreclosure Problems

Beginning in late September 2010, almost all of the nation's largest residential mortgage servicers acknowledged problems with their mortgage foreclosure practices. The two most common problems identified involved (1) signed attestations of facts by people without direct knowledge of the facts (otherwise known as "robo-signing"), and (2) improper notarization of legal documents (signatures on documents were notarized without the notary actually witnessing the signature).