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AG Settles Robo-Signing Case

8newsnow.com | February 16, 2014

By Nathan Baca

LAS VEGAS -- Nevada's Attorney General has settled with a company that processed foreclosures over allegations of robo-signing, which is the robotic process of signing documents without items in the documents being verified.

The settlement ends the state's civil action against Lending Processing Services. Under the deal, LPS will pay the state $5.5 million and $500,000 in attorney fees.

The state had claimed LPS was responsible for 70,000 fraudulent signatures on foreclosure documents. The company has already settled with 49 other states.

The settlement requires the company to review documents executed between January 1, 2008 and December 31, 2010 to see if any need to be re-executed or corrected.

The company has set up a hotline for people who want their mortgage documents reviewed. The number is 1-866-854-8935.


Back to February 2014 Archive

CFLA was founded by the Nation's Leading Foreclosure Defense Attorneys back in 2007 to serve the Foreclosure Defense Industry and fight pervasive Bank Fraud. Since opening our virtual doors, CFLA has rapidly expanded to become the premier online legal destination for small businesses and consumers. But as the company continues to grow, we're careful to hold true to our original vision. For us, putting the law within reach of millions of people is more than just a novel idea—it's the founding principle, just ask Andrew P. Lehman, J.D.. With convenient locations in Houston and Los Angeles, you can contact Our National Account Specialist and General Manager / Member Damion W. Emholtz at 888-758-2352 for a free Mortgage Fraud Analysis or to obtain samples of work product, including cutting edge Bloomberg Securitization Audits, Litigation Support, Quiet Title Packages, and for more information about our Nationally Accredited and U.S. Department of Education Approved "Mortgage Securitization Analyst Training Certification" Classes (3 days) 24 hours for approved CLE & MCLE Credit (Now Available Online).

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