The Florida Attorney General has begun investigations into the 4 largest "Florida Title Mills" that churn 80% of Florida's Foreclosures...in Florida, about 1/3 of all sales are foreclosures... Per a paralegal that was deposed, one Florida Title Mill grew from 200 employees to 1,100...IN LESS THAN ONE YEAR...thats a huge payroll to support. Not only are the "Big 4" accused of signing 18,000 documents a week without reading them, they are also accused of submitting fraudulent document to the courts.
A study of foreclosure court documents by Richard Kessler, an attorney in Sarasota, Florida found errors such as missing or improperly handled documents in about three-fourths of the cases. The mistakes may allow former owners and other claimants to contest the legality of pending and previously completed foreclosures.
Tallahassee Real Estate Market Trends Now
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