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Illinois Officials Work To Fight Mortgage 'Robo-Signing'

SPRINGFIELD, Ill. (CBS) -- Prosecutors across the country allege that so-called "robo-signing," which is still occurring in some states, is largely responsible for the housing market crash, and Illinois county officeholders say they're willing to help stop it.

As WBBM Newsradio 780's Alex Degman reports, robo-signing, as it relates to the mortgage industry, refers to mass-production of false and forced execution of mortgage assignments.

LISTEN: Newsradio 780's Alex Degman reports

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Josh Langfelder, recorder of downstate Sangamon County, says his and other offices around the state are ready to help the federal government in its continued investigation.

"With the attorney general's investigation, recorders throughout the state have taken notice," Langfelder said. "These alleged fraudulent schemes may not only jeopardize the land recordation system, but may damage an individual's property rights."

Langfelder says he's not sure how prevalent the practice is in the state, and Attorney General Lisa Madigan has not yet advised county recorders on what they can do to help.

Madigan recently testified in Washington regarding her investigation into the practice, and recent reports indicate the practice is still ongoing in some states.

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