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While I agree Robo signing may resulted in some false or wrongful foreclosures, those events were very small compared to the number of people who were defaulting on their loans. I would also state that many of those people were taking advantage of the situation when the banks or the feds made them stop foreclosure proceedings. I know people who lived in their homes for over 2 years without paying their mortgage and then let the bank pay them to move out. Don't you think the people that took on these mortgages share a large responsibility for this fiasco too?
I don't have a problem with prohibiting Robo signing, but stricter laws on banks will ultimately hurt everyone by not being able to get a loan or pay higher fees if you can get one.

Again, the banks brought this on themselves. Don’t forget that the banks that took trillions in bailouts handed out $300 million of that money as bonuses to their executives. And then these same people turn around and run that ‘dual tracking’ scam where they foreclose on people they’re supposed to be helping.

no robo signing is a fraud perpetrated on the court. A contract can not be enforced via fraud.

The promissory notes are destroyed. (these are not checks ala ucc)

The mortgage is now tainted.

As a matter of law the bank has no lien on the property.