Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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NEWS RELEASE

 

For Immediate Release

August 10, 2010

 

  FLORIDA LAW FIRMS SUBPOENAED OVER FORECLOSURE FILING PRACTICES 

TALLAHASSEE, FL - Attorney General Bill McCollum today announced his office has launched three new investigations into allegations of unfair and deceptive actions by Florida law firms handling foreclosure cases.

The  Attorney General's Economic Crimes Division is investigating whether  improper documentation may have been created and filed with Florida courts  to speed up foreclosure processes, potentially without the knowledge or  consent of the homeowners involved. 

The new investigations name The Law Offices of Marshall C. Watson, P.A.;  Shapiro & Fishman, LLP; and the Law Offices of David J. Stern, P.A. The  law firms were hired by loan servicers to begin foreclosure proceedings  when consumers were in arrears on their mortgages. 

Because many mortgages have been bought and sold by different institutions  multiple times, key paperwork involved in the process to obtain  foreclosure judgments is often missing. On numerous occasions, allegedly  fabricated documents have been presented to the courts in foreclosure  actions to obtain final judgments against homeowners.

Thousands of final  judgments of foreclosure against Florida homeowners may have been the  result of the allegedly improper actions of the law firms under  investigation. 

The Attorney General's Office is also investigating whether the law firms  have created affiliated companies outside the United States where the  allegedly false documents are being prepared and then submitted to the law  firms for use.

Subpoenas have been served on each of the law firms listed above, and the  investigations are ongoing. 

For an official, downloadable photograph, please visit http://www.myfloridalegal.com/picture.html. Also, follow the Attorney General's Office on Twitter! http://www.twitter.com/myfloridalegal

 

 

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Margaret
Hi Ann!! I just posted this....did not see you had posted the story already.

I am sooooo happy that someone is finally taking this seriously.
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Hi Margaret,
Everybody is so happy about the news. Watch these 5 videos about fraudulent documents. You will be amazed.

http://www.youtube.com/user/DinSFLA#p/a/u/0/LoSPTjd_PXM
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Here is something interesting and something people can get their teeth into and blast their representitives... it goes hand in hand with the Mother Jones article Fannie & Freddie Foreclosure Baron's! 

Everyone needs to start demanding that TAX PAYER BAILOUT DOLLAR'S via F&F to the enrichment of the Foreclose Mill's HAS TO STOP NOW!!!! Regardless of where they stand on the issue.

Please pass this on and encourage everyone you know to write their representative


http://conyers.house.gov/_files/ConyersKapturFannieMaeLetter.pdf
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