Discussion in 'Dictionary Additions' started by catlady60, Oct 17, 2011.

  1. catlady60

    catlady60 Senior Member

    Pennsylvania (20mi/36km from the Poconos
    English-US (New York City)
    Term: robo-signing

    Your definition or explanation: the practice of banks hiring people to swear affidavits in foreclosure proceedings, when they have no actual knowledge of the matter.

    Example: America's leading mortgage lenders vowed in March to end the dubious foreclosure practices that caused a bruising scandal last year.

    But a Reuters investigation finds that many are still taking the same shortcuts they promised to shun, from sketchy paperwork to the use of "robo-signers."

    One or more places you have seen the term:

    Have you looked for this term or meaning in dictionaries, and not found it? Yes __:tick:__ No ___
    Last edited by a moderator: Oct 29, 2011

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