Fla. Foreclosure Law Firm to Pay $2M to Settle Attorney General Complaint
One of eight mortgage foreclosure law firms reportedly being investigated by the Florida attorney general over claims of dubious paperwork has agreed to pay $2 million and change its business practices, according to the Tampa Tribune.
Further details of the settlement by the Fort Lauderdale-based law firm of Marshall C. Watson are discussed in a South Florida Business Journal article.
It says that Watson, without admitting to any violation of the law, signed an assurance of voluntary compliance on behalf of his firm that calls for future filings to include specific documentation such as proof that the plaintiff is the holder of the original note or an affidavit that the note has been lost.
Additional coverage:
Bloomberg: “Florida Settles With Law Firm in Foreclosure Investigation”
Palm Beach Post: “Florida settles with Fort Lauderdale firm over foreclosures”
Updated at 7:04 p.m. to link to Bloomberg article.
