A person who signs a legal document without reading it or understanding the document's contents.
In the foreclosure industry, robo-signing is the practice of a bank employee signing thousands of documents and affidavits without verifying the information contained in the document or affidavit. Some reports have revealed that one bank official performed the Herculean task of signing off on almost 10,000 documents in one month. The practice calls into question the validity of thousands of mortgage foreclosures across the country. When the practice recently came to light, four major banks, J.P. Morgan Chase, Ally Financial/GMAC, Bank of America and Wells Fargo all called a halt to foreclosure actions in 23 states. In the days following their announcements, Bank of America ceased foreclosures in all 50 states. A coalition of 40 attorneys general plan on launching a probe into mortgage-servicing practices and may hold them accountable where there were violations of state foreclosure laws.
In the foreclosure industry, robo-signing is the practice of a bank employee signing thousands of documents and affidavits without verifying the information contained in the document or affidavit. Some reports have revealed that one bank official performed the Herculean task of signing off on almost 10,000 documents in one month. The practice calls into question the validity of thousands of mortgage foreclosures across the country. When the practice recently came to light, four major banks, J.P. Morgan Chase, Ally Financial/GMAC, Bank of America and Wells Fargo all called a halt to foreclosure actions in 23 states. In the days following their announcements, Bank of America ceased foreclosures in all 50 states. A coalition of 40 attorneys general plan on launching a probe into mortgage-servicing practices and may hold them accountable where there were violations of state foreclosure laws.
"Bank of America and several other institutions, including JPMorgan Chase and GMAC Mortgage, halted foreclosures in late September and early October amid a growing controversy over problematic documents, including so-called robo-signers — bank employees who say they signed foreclosure affidavits without reviewing the documents."
-The Washington Post, October 21, 2010
-The Washington Post, October 21, 2010
by DeeGee212 June 17, 2011
Get the robo-signer mug.A racist guy who gets no gets no girls. He’s mean to almost all of his friends. You will have trust issues with him. If you know a hunter never trust him.
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Sigmer • Sigmer Boy • simmer • sigger • simmer down • Simer • simerdeep • Simerly • Siemer • Sigheroussss
by leisinmr January 1, 2007
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by FloraJane May 25, 2009
Get the Simmer Down mug.to exploit and then exacerbate a colleague's alcohol-impairment by leading them on a seemingly impromptu binge of restaurants, taverns, and night clubs. Extreme instances may involve patronage of bordellos, but in all cases alcohol is consumed in near-lethal quantities. It's of popular belief that the motivation of the culprit is the attainment of perverse pleasure at the expense of the victim, the following day; disheveled appearance, disagreeable aroma, severe tardiness/loss of productivity, naseau, difficulty maintaining consciousness, and incontinence. The term was coined after A. Siggers, a mid-nineteenth gambler from London, England who reportedly employed slight of hand to appear as if he was drinking, but did not ever actually imbibe.
to sigger" < L exempli gratia: "I got so siggered last night I traded pants with a homeless person. Wait a minute. Who are you and where did that chicken come from?
by ponyboy70 November 3, 2010
Get the sigger mug.1.) n. The act of getting into a hot tub or jacuzzi. See dip.
2.) n. A dude that plays tennis and soccer. See pimp.
3.) n. A dude that doesn't go to prom becuase his parents won't let him. See idiot.
2.) n. A dude that plays tennis and soccer. See pimp.
3.) n. A dude that doesn't go to prom becuase his parents won't let him. See idiot.
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3.) Dude! Don't be a simerdip and not go to prom.
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3.) Dude! Don't be a simerdip and not go to prom.
by c.fizz June 9, 2004
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