Miami Foreclosure Watch: The Role of the Notaries

For anyone facing down a Miami foreclosure, you know how critical it is to have all your paperwork in proper order. stamp.jpg

You know that having a trusted Miami foreclosure attorney is of the utmost importance to making sure all your documents are correct and verified.

Verification is what is at the heart of the housing foreclosure crisis that has this country in a death grip. And who does the verifying?

Notaries.

These are individuals who are sworn to verify that a person is who they say they are when he or she signs a document. Prior to the bubble burst, that wasn’t happening, at least with regard to the large financial institutions.

In fact, banks created a system in which rubber stamping – or “document execution” was part of the way they handled foreclosures. This meant that notaries weren’t doing their jobs – to the point where it’s been discovered that many people had signed documents claiming to be the same person. Notaries were even instructed to sign documents using a certain name, and then notarize their own false signature.

This is against the law.

Namely, it goes against the decision that was handed down by the U.S. Supreme Court in