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: The Home Equity Theft Reporter

Foreclosure Volume May "Encourage" Sloppiness, Boilerplate Paperwork Or A lack Of Thoroughness;" Makes Process "Fraught With Potential For Fraud"

By r morris

A recent story in The Wall Street Journal serves as another reminder of the problems inherent with mortgage lenders' use of assembly line law firms to prosecute foreclosure actions:[A] Florida ruling against U.S. Bank was also a critique of law firms that handle foreclosure cases on behalf of banks, dubbed "foreclosure mills." Lawyers operating foreclosure mills often are paid based on the volume

Full post as published by The Home Equity Theft Reporter on April 22, 2010 (boomark / email).