Michael Sasso, The Tampa Tribune As foreclosures hit unheard-of levels in recent years, a handful of Florida law firms that operated as foreclosure factories reaped millions in fees. One Tampa-based giant, Florida Default Law Group, had more than 1,000 lawyers, non-lawyer paralegals and support staff processing legal papers as cheaply and efficiently as possible. However, […]
Kimberly Miller, Palm Beach Post A foreclosure law firm violated state law by charging homeowners for summonses served on “John and Jane Doe” and other unknown parties who may have claims on the property, a Palm Beach County judge has ruled. It is common practice for law firms to serve foreclosure paperwork on homeowners, as […]
Andrew Harris, Bloomberg Lender Processing Services Inc. (LPS) (LPS) agreed to pay Missouri $2 million to resolve a case against its DocX LLC over so-called robo-signing of mortgage-related documents. A Columbia, Missouri, grand jury in February handed down a 136-count indictment against Docx and founder Lorraine Brown alleging that a person whose name appears on 68 […]
Jon Prior, Housing Wire The Office of the Comptroller of the Currency missed signs of the robo-signing scandal because its examiners underestimated the risk and lacked enough guidance to find it, according to the Treasury Department Inspector General. In March, the five largest mortgage servicers settled with federal regulators and the state attorneys for $25 billion in fees and […]
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