Press Conference May 4, 2011

Fraudulent Documents from Doc X- contracted by major banking

institutions

Foundational integrity to land ownership • Who owns what?• Are people who they say they are when

they transfer land and property• Essential for Transparency and Fair Dealing

for buyers, sellers, and lending institutions

04/11/23Jeff L Thigpen - Register of Deeds Investigation2

04/11/233

Jeff L Thigpen - Register of Deeds Investigation

04/11/234

Jeff L Thigpen - Register of Deeds Investigation

1920 loan documents; $255 million 15 variations of Linda Green

signature Covering all of Guilford County 65% Wells Fargo; 24% MERS;

04/11/235

Jeff L Thigpen - Register of Deeds Investigation

Linda Green is everywhere!

6

7

8

9

Jeff L Thigpen - Register of Deeds Investigation 04/11/2310

If a fraudulent loan document is filed indicating you’ve paid off your loan, how do you know it’s really paid off?

Are title companies going to insure new loans if they are aware of fraud?

Are banks going to make a loan to you if they know your paperwork is fraudulent?

04/11/2311

Jeff L Thigpen - Register of Deeds Investigation

Homeowners• Do you know your chain of title could have problems?

Potential Homeowners• If this is not caught, you could be buying property with

these issues or problems.

Recording Offices- This is a fundamental violation of the covenant we have with the public

Lending institutions• Giving good bankers a bad name.

State and Local governments• Consumer Fraud• Pension Funds

04/11/2312

Jeff L Thigpen - Register of Deeds Investigation

Immediate actions by Register of Deeds:

1) Send the data and documents to Federal Regulatory Agencies that recently issued a consent order involving DocX and major lending institutions,

2) Send the fraudulent docs to Iowa Attorney General Tom Miller, head of the 50 State Foreclosure Fraud Investigation and NC Attorney General Roy Cooper.

3) Communicate directly to Wells Fargo, Bank of America, MERS and others submit appropriate legal documentation to correct this. (Release Deed or Non-Warranty Deed for each certificate of satisfaction as just examples)

4) All data will be placed on the Guilford County Register of Deeds website: www.guilforddeeds.com

04/11/2313

Jeff L Thigpen - Register of Deeds Investigation

Immediately• Suspend all foreclosures involving documents

created by DOCX Within the next 30 days

• Acknowledge each defective document by filing a Notice of Defective Document

Within the next 90 days• Agree to file Mortgage Assignments for all

properties held by trusts Within the next 120 days

• File "Corrective" Documents for Each Defective Document

04/11/23Jeff L Thigpen - Register of Deeds Investigation14

Jeff L Thigpen - Register of Deeds Investigation 04/11/2317

People need to know who owns what People who sign legal documents

should be who they say they are Transparency and fair dealing is the

only way to regain public trust

04/11/2318

Jeff L Thigpen - Register of Deeds Investigation