Fraud Digest

Description

False Statements Bryan Bly Green Tree Servicing, LLC Bill Koch Law Offices of Marshall Watson Nationwide Title Clearing PNC Bank Richmond Monroe Group Select Portfolio Servicing, Incorporated Action Date: October 8, 2010 Location: Palm Harbor, FL On October 7, 2010, PNC Bank reportedly announced that it was suspending foreclosures for 30 days. An examination of the Affidavits and Assignments filed by PNC shows why it may have decided on this action. For documents needed to foreclose, PNC relied heavily for the last two years on Nationwide Title Clearing in Palm Harbor, Florida and Select Portfolio Servicing in Salt Lake City, Utah. Nationwide Title Clearing ("NTC") was one of the first companies to come under fire for using robo-signers. Bryan Bly, the most famous robo-signer at NTC, signed thousands of Assignments and Affidavits as "Vice-President, PNC Bank, as successor by merger National City Bank, successor by merger Harbor Federal Savings Bank." On many documents, an Ohio address appears underneath Bly's signature. Bly, however, was never a Vice President of PNC. This was just one of the many titles Bly used so that NTC could produce documents needed for foreclosures. On other documents, during the same time period, Bly claimed to be Assistant Vice President of Select Portfolio Services; Vice President of Citi Residential Lending; Vice President of Suntrust Mortgage; and Assistant Vice President of National City Bank. In interviews, Bly admitted that he did not have time to read the documents he signed. Despite claiming to be an officer of Select Portfolio Services, Bly is not listed as an officer on the records of the Florida Secretary of State. Despite listing addresses in Ohio and Utah, Bly's signature is always notarized in Pinellas County, Florida, the actual location of NTC. Bly's many titles are often notarized by the same notary who claims to have personal knowledge that Bly is, in fact, an officer of these many companies. PNC also regularly used Select Portfolio Services ("SPS") in Salt Lake City, Utah as a servicer. Bill Koch of SPS has the same problems as Bly - using too many titles and signing thousands of documents each week. Bly also signs for Green Tree Servicing, LLC, but the Green Tree address is listed as c/o NTC in Palm Harbor, Florida. In recent months, PNC has also regularly used Richmond Monroe Group in Missouri as its servicer. The frequent signer for Richmond Monroe Group is Renee Durham who is identified as "officer." It is very unlikely that PNC can review all of the foreclosures with questionable documents in 30 days. In Florida, PNC has most often used The Law Offices of Marshall Watson, a law firm under investigation by the Florida Attorney General, to foreclose. False Statements AMERICA'S SERVICING COMPANY LENDER PROCESSING SERVICES WELLS FARGO BANK, N.A. Action Date: October 7, 2010 Location: Palm Beach County, FL WHY WELLS FARGO MUST BE ORDERED TO STOP ITS FORECLOSURES. While other banks have acknowledged some problems and halted some foreclosures, Wells Fargo has issued self-serving statements and forged ahead.

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