The Sun-Sentinel recently reported that Florida Attorney General Pam Bondi had expanded its investigation of foreclosure law firms. The Florida AG’s office is now examining whether these firms were submitting court documents seeking, among other things, inflated fees for process serving and filing foreclosures before the lender or loan servicer shows that it has a legal interest in the mortgage.
The perceived benefits lenders see in foreclosure mills are quickly being replaced by potential liabilities. Lenders, and borrowers, need competent, local counsel for foreclosures.
Kurt E. LeeTags: abuse, action, foreclosure, lawsuit, legal, modification, mortgage lenders, real estate, robo-signer