..

Major Foreclosure Servicer Charged With Forgery

This post was written by jd on February 8, 2012
Posted Under: Real Estate

 

Photo courtesy of Riverfront Times

Photo courtesy of Riverfront Times

Finally, someone is getting indicted for robo signing. Robo signing, if you haven’t heard or know what it was, is having  employees signing thousands of  false mortgage documents. Read the story below from the New York times for further explanation:

DocX, one of the largest companies in the nation to provide foreclosure services to lenders nationwide, has been indicted by a Missouri grand jury on forgery charges stemming from foreclosures against home owners in the state.

The indictment marks one of the “few criminal actions to follow reports of widespread improprieties against home owners” nationwide, The New York Times reports.

According to the indictment, DocX is accused of making “mass-produced fraudulent signatures on notarized real estate documents” and could face up to 136 counts of forgery in the preparation of documents used to evict defaulting home owners from their homes. DocX could face a fine of up to $10,000 for each forgery conviction.

DocX is a unit of Lender Processing Services of Jacksonville, Fla. The company is accused of executing and notarizing millions of mortgage documents for banks and lenders the last few years. Lender Procession closed in April 2010 after allegations surfaced of alleged forged documents.

Some of its employees were also indicted last week and could face several years in prison if found convicted.

An attorney for DocX says the company will enter a plea of “not guilty” and declined to comment further about the charges.”

Source: “Company Faces Forgery Charges in Mo. Foreclosures,” The New York Times (Feb. 6, 2012)

Thinking of buying or selling?
For all your real estate needs
Email or call:
John J. O’Dell Realtor® GRI
(530) 263-1091
Email jodell@nevadacounty.com

Enhanced by Zemanta

Add a Comment