Legal Ethics

Fla. AG Probes Large Foreclosure Law Firm re Possible 'False & Misleading' Mortgage Docs

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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: “‘Assembly Line’ Justice: Business Is Booming for So-Called Foreclosure Mills” “Small Foreclosure Firm’s Big Bucks: Back Office Grossed $260M in 2009” “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.

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