Remember the bruhaha a couple years ago with the big banks using questionalbly signed transfer documents on home mortgages?  Basically, the mortgages we all have were being sold into the derivatives markets where they were sliced and diced and sold to state insurance fund managers and other naive buyers.   And then came the collapse of the derivatives market and the near collapse of the world economy.  Remember all that?  

Well, the person who was responsible for starting and managing the company that produced most of those documents has just pleaded guilty to forgery and falsifying documents and signatures.  Millions of false signatures.  And will be pleading guilty in many states.  Thus, if your bank is using any of those documents to foreclose on you, the bank is using forged papers and coud be committing a felony.  Indeed, their foreclosure case against you could be totally bogus.  You might be able to sue them.  And turnabout is fair play.  Check with your attorney.  

Here is the article.

New York Times of Nov 20.

The blog I first learned of this.  Thanks, Scot, for the heads up.

You can find more by searching.  Hope this helps someone locally.  Could be a nice holiday gift.