Anytime you go to court for a foreclosure filing it requires an attorney to represent to the court the paperwork involved. The Notice Of Default paperwork has to be signed by a attorney, certified. These clearing houses for mortgages used an attorney firm to oversee all the paperwork and signing. A couple of attorneys were assigned to direct document signing as if they were the ones actually signing the paperwork, hundreds to thousand a day, ten of thousands and hundred of thousands during the course of the scam just by one firm alone.
Then the scam got to the point that banks didn’t even file paperwork with a local County Recorder’s Office thus bypassing the fees for filing forecloses but foreclosed on homes anyway.
Sorry for my reply being so late and all, but the indictments against Trafford and Sheppard are for non-judicial foreclosures which don’t require attorneys. And the recording of the notice of default at the county recorder’s office is the official beginning of the process so that paperwork was definitely filed and the recording fees were definitely paid.
It seems that a sizable number of people simply want vengeance rather than justice. I’d encourage all FReepers to remember the “indict a ham sandwich” rule and not be quick to presume guilt on any individual’s part. I’ll wait for more facts to come out.