The lawsuit filed by Guilford County Register of Deeds Jeff Thigpen actually uses the phrase “clean up the mess” left behind by the 30 banks, loan servicers and foreclosure specialists as a result of ‘robo signing’ practice.
Pretty vague legal term which makes you wonder what the end game is. It’s spelled out in the lawsuit, including request for an order that ‘that Defendants pay Plaintiff’s attorneys’ fees.’ It also calls for an award of punitive damages ‘as appropriate.’
It will be interesting to see where this goes.
Bonus observation: Thigpen will speak tonight at an Occupy Greensboro event.
1. Appoint a Special Master to review documents filed with the Register of
Deeds during the relevant time period and present to the Court all documents that the
Special Master determines are fraudulent or otherwise invalid;
2. Issue a declaration as to the validity or invalidity of all documents that the
Special Master presents to the Court;
3. Require all Defendants whose rights are impacted by documents deemed
invalid to file instruments of correction;
4. Order Defendants to pay the filing fees for all instruments of correction,
including documents correcting invalid satisfactions of deeds of trust;
5. Order Defendants to pay the costs of the Special Master;
6. Order Defendants to cease and desist “robo-signing” or otherwise
executing and filing with the Register of Deeds fraudulent and/or falsified mortgage
documents;
7. Award Plaintiff damages, including treble or punitive damages against
Defendants, as appropriate;
8. Order that Defendants pay Plaintiff’s attorneys’ fees;
9. Tax the costs of this action to Defendants; and
10. Award such further and other relief as the court deems just and proper
