Fla. AG Probes Large Foreclosure Law Firm re Possible 'False & Misleading' Mortgage Docs
The attorney general’s office in Florida is investigating a law firm with a high-volume foreclosure practice to determine whether it was in involved in “fabricating and/or presenting false and misleading documents in foreclosure cases,” reports the Wall Street Journal (sub. req.).
A spokeswoman for the Tampa-based firm Florida Default Law Group declined to comment.
Other law firms that handle mortgage foreclosures have also been in the hot seat lately, as a deluge of filings over the difficult economy exacerbates a reported lack of documentation of a number of ownership transfers of loans that were packaged into bundles and sold to investors in small “securitized” fractions.
Additional and related coverage:
ABAJournal.com: “‘Assembly Line’ Justice: Business Is Booming for So-Called Foreclosure Mills”
ABAJournal.com: “Small Foreclosure Firm’s Big Bucks: Back Office Grossed $260M in 2009”
ABAJournal.com: “Supreme Court Tells Debt-Collection Law Firm that Ignorance of Law Is No Excuse”
Tampa Tribune: “Attorney general investigating Tampa foreclosure firm”
Updated on April 30 to link to Tampa Tribune article.