Nevada Files Suit against LPS... LPS Responds

Profile picture for Tug of War
  Mortgage News Daily Dec 19 2011

"Another shoe dropped last week as the Nevada attorney general brought suit against Lender Processing Services, DOCX, LPS Default Solutions and other LPS subsidiaries for engaging in deceptive practices against Nevada consumers.   The lawsuit includes allegations of widespread document execution fraud, deceptive statements on the part of LPS about efforts to correct document fraud, misrepresentation about its fees and services and "evidence of an overall press for speed and volume that prevented the necessary and proper focus on accuracy and integrity in the foreclosure process."

Attorney General Catherine Cortez Masto said of the suit, "The robo-signing crisis in Nevada has been fueled by two main problems: chaos and speed.  We will protect the integrity of the foreclosure process. This lawsuit is the next, logical step in holding the key players in the foreclosure fraud crisis accountable."




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December 19 2011 - San Jose

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Profile picture for ConnieK_Oklahoma
bump
only 2 hours old but far down on the list.

I'm waiting to see the consequences of this and how it affects current owners.  Really, how everyone is affected. 
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December 19 2011
Profile picture for Tug of War
I think this

Video News Report from Channel 8 Las Vegas, Nevada
Desert Underwater: Who owns your Home?

pretty much sums it all up..Reporter does report about this and learns afterwards he does not own the REO he bought 3 years ago

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December 20 2011
Profile picture for REisBroken
Won't this just get more interesting.
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December 20 2011
 
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