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Foreclosure Fraud: Maine Attorney Disciplined For Mishandling Discovery of Rampant Robo-Signing

ameritrustlawgroup.com | April 17, 2014

A grievance panel for the Maine Board of Overseers of the Bar have determined attorney Paul Peck of the Portland Law firm Drummond & Drummond shall have a written reprimand placed on his record for mishandling the 2010 robo-signing discovery which led to a national mortgage-foreclosure investigation.

The panel said Peck failed to take “immediate and effective action,” after uncovering thousands of legal documents related to the foreclosure of people’s homes were robo-signed by a GMAC Mortgage employee without proper verification or authentication.

Robo-signing typically refers to foreclosure documents signed by an employee of a mortgage servicing company without reviewing the accuracy of the documents.

Staff writer Scott Dolan said in a Portland Press Article, “The robo-signing scandal erupted after Jeffrey Stephan, a GMAC employee in Pennsylvania, described his foreclosure practices in a June 7, 2010, deposition and the transcript was posted online. Peck testified at the hearing that he was “shocked” when he learned in June 2010 that Stephan was signing 6,000 to 8,000 legal foreclosure documents a month without knowing whether the statements in them were true.”

The panel chose to discipline Peck for not reporting the robo-siging quickly enough and continuing to use the faulty affidavits in later foreclosure filings even after he became aware the documents were robo-signed.

It seems Peck’s law firm stood by him and a statement was released about the firm’s dissatisfaction with the outcome of the panel’s decision.

Attorney Andrew Sparks with Drummond & Drummond said, “We are surprised and disappointed and respectfully disagree with the grievance panel’s determination that attorney Peck, as head of the foreclosure department, did not act quickly enough in ceasing all foreclosure action after becoming aware of Mr. Stephan’s testimony.”

 

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