Florida Attorney General Finally Looking Into Fraudulent Documents
Yesterday, the Florida Attorney General's Office announced that it is going to begin looking into allegations of foreclosure law firm's use of fraudulent or fake documents. If you recall, I wrote about this very topic in previous blog in April of 2010. I don't know if any of this is true or if it is just a political stunt, so, everything written here is purely my opinion.
Here is the gist of the investigation. Sometimes it appears that law firm's are using very creative means to pursue a foreclosure. After the loan closes and the homeowner moves in, many loans were transferred on the open market. Of course, the homeowner knows nothing of this unless and until they receive a letter directing them to send their mortgage payments to a different company and address.
Instead of following the proper procedure when it came time to transfer ownership of the loan from one company to another or one bank to another or one investor to another, things got very sloppy, and therefore, when it came time to foreclose, well, things had to be created to smooth over the process.
The law firms are charged with the process of completing the foreclosure process, and there are rumors of bonuses for completing the process quickly. I've even heard that firms were rated on how fast they completed the project. Anyhow, whether or not that is true is irrelevant; however, it does explain why some firm's would cut some corners. Either way, the investigation is ongoing, and we will see where it goes.
If the investigation finds no evidence of fraud or deceptive actions, and was performed for a political stunt to gain traction for one political party over another, that would be a shame. I think it would produce harm to the lawfirms and the attorneys that work there. I know many attorneys that work at these firms, and I would hate to think that any of them had engaged in some type of fraudulent conduct.
This post was submitted by Carmen Dellutri, Esq., founder of The Dellutri Law Group, P.A. Currently, the firm has offices in Port Charlotte, Fort Myers, Naples and Sarasota. Mr. Dellutri also sits on the Board of American Board of Certification. Mr. Dellutri is also one of the founders of the Bankruptcy Law Network, Debt Law Network, Credit Law Network, and Mortgage Law Network. Mr. Dellutri also writes for the firm's personal injury litigation blog. Mr. Dellutri also writes for the firm's other blogs: www.faircreditreportingactblog.com and www.fairdebtcollectionpracticesactblog.combankruptcy blog.
