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.
Saturday, October 16, 2010
Florida Foreclosure Mess in Orlando
via activerain.com
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