Law Suits & Courts

McCollum subpoenas Lender Processinig

Posted on Monday, October 18, 2010

Attorney General Bill McCollum has supoenaed foreclosure-related records from Lender
Processing Services and four law firms, according to a report by Bloomberg News.
Bloomberg News Service
Lender Processing Services Inc., which provides foreclosure services, was
subpoenaed by the Florida attorney general as part of an investigation into
possible foreclosure-document fraud.
Attorney General Bill McCollum told the Jacksonville, Florida-based company
and affiliate Docx LLC to provide documents related to any contracts with four
Florida law firms under investigation, as well as other documents.
Lender Processing Services has produced numerous documents in foreclosure
cases that appear to be fabricated, according to McCollum. The documents,
called mortgage assignments, are produced to give financial institutions the
right to sue to foreclose, his office said.
Michelle Kersch, a spokeswoman for Lender Processing Services, said today
she hadn't reviewed the subpoena.
"We were made aware based on their website several months ago that they
had an inquiry open for LPS," she said, referring to the attorney general's
office. "As we've always said in the past, we will continue to cooperate fully
with the inquiry that they've made and we look forward to having the
opportunity to help them understand our business."
McCollum's office has said the law firms appear to be submitting "false and
misleading documents in foreclosure cases." ,

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