Sarah Palin appears to have been a victim of mortgage fraud, after she invested in a company that paid $1.7 million for an Arizona home with a title tainted by the so-called "robo-signer" scandal.
During the scandal, mortgage companies failed to properly document foreclosures, according to an analysis carried out by a mortgage fraud examiner in Massachusetts, The Huffington Post reports.
Palin confirmed last week that she was part of a company that bought a five-bedroom house in Scottsdale, Ariz., in May.
But records on the property compiled by the fraud examiner shows that at least two fraudulent signatures were involved in re-financing.
Fraudulent signatures were also observed in foreclosure transactions on the property in the years before Palin’s company purchased it.
This finding may now raise questions about the legality of the house sale, reports The Huff Post.
Marie McDonnell has been reviewing fraudulent foreclosures in a local Massachusetts county and saw a similarity with the home purchased by the Palin company, Safari Investments LLC.
"The title problems here are very, very significant, and I believe it is going to require that this be litigated to find out who the legal owner of the property is," McDonnell said.
