Lawyer: Lenders Hired Workers with No Experience to Approve Foreclosures

HeadlineOct 13, 2010

The developments come amidst emerging details of the lenders’ practices. On Tuesday, a Florida attorney representing hundreds of homeowners released depositions of bank employees describing the frenzy to approve foreclosures on a mass scale. The lawyer, Peter Ticktin, says he deposed 150 workers who say they signed foreclosure affidavits without looking at them. Some of the workers had no experience and received no training after previously working as hairstylists, Wal-Mart floor workers, and assembly line employees.

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