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)
- DocX faces forgery charges over foreclosures (bottomline.msnbc.msn.com)
- DocX Faces Foreclosure Fraud Charges in Missouri – NYTimes.com (lennyesq.wordpress.com)
- Missouri AG Chris Koster Files Criminal Charges Against Foreclosure Fraud Document Processor DocX (news.firedoglake.com)
- Closed Alpharetta company, founder indicted in robo-signing case (ajc.com)
- You: DocX Faces Foreclosure Fraud Charges in Missouri (nytimes.com)
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