Attorney Matthew Cox recounts how his first foreclosure defense revealed widespread fraud, including forged assignments of mortgage signed by "robo signers" like Cheryl Sammons. He explains how the Mortgage Electronic Registration Systems (MERS) and securitization allowed banks to fabricate ownership of loans, enabling them to foreclose without legitimate evidence. Cox details the "milk toast" tactics used by foreclosure mills to avoid trials and the legal loopholes that let banks dismiss cases only to refile, highlighting the systemic nature of these crimes during the Great Recession.
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