LPS SQUIRMING TO FIND A DEFENSE TO NEVADA AG SUIT

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Nevada Attorney General Sues LPS – LPS Response to Nevada AG Complaint – Hogwash!

http://www.stayinmyhome.com/blog/2011/12/lps-response-to-nevada-ag-complaint-hogwash/

Lender Processing Services is the largest provider of mortgage default services in the United States, processing more than 50% of all foreclosures in America. Today, the Nevada Attorney General sued LPS, alleging it:
http://ag.state.nv.us/newsroom/press/2011/lpspressrelease.pdf

1. Engaged in a pattern and practice of falsifying, forging, and/or fraudulently executing foreclosure related documents, resulting in countless foreclosures that were predicated on deficient information;

2. Required employees to execute and/or notarize up to 4,000 foreclosure related documents every day;

3. Fraudulently notarized documents without ensuring that the notary did so in the presence of the person signing the document;

4. Implemented a widespread scheme to forge signatures on key documents, to ensure that volume and speed quotas were met;

5. Concealed the scope and severity of the document execution fraud by misrepresenting that the problems were limited to clerical errors;

6. Improperly directed and/or controlled the work of foreclosure attorneys by imposing inappropriate and arbitrary deadlines that forced attorneys to churn through foreclosures at a rate that sacrificed accuracy for speed;

7. Improperly obstructed communication between foreclosure attorneys and their clients; and

8. Demanded a kickback/referral fee from foreclosure firms for each case referred to the firm by LPS and allowed this fee to be misrepresented as “attorneys’ fees” passed on to Nevada consumers and/or submitted to Nevada courts.

These allegations are so powerful I see no need to elaborate. Instead, I’ll ask you this … if these things happened in Nevada, what are the chances they didn’t happen in Florida and every other state?

LPS Response to Nevada AG Complaint – Hogwash!
Posted on December 19th, 2011 by Mark Stopa

Suppose someone found thousands of terminally ill, cancer ridden patients and systematically killed them. Do you think he/she would avoid criminal prosecution for murder by arguing they were going to die anyway?

That sounds bizarre, I realize. But take a look at the statement issued today by Lender Processing Services in response to the Complaint filed by the Nevada Attorney General. The part that stuck out to me:
http://www.lpsvcs.com/LPSCorporateInformation/NewsRoom/Pages/20111216.aspx

the company is not aware of any person who was wrongfully foreclosed upon as a result of a potential error in the processes used by its employees.

Apparently, in the eyes of LPS, the end always justifies the means, so I’d love to ask LPS:

Do you think you could commit murder without penalty if the victims were terminally ill?

Mark Stopa Esq.

http://www.stayinmyhome.com

Tags: bankruptcy, borrower, countrywide, disclosure, foreclosure, foreclosure defense, foreclosure offense, foreclosures, fraud, LOAN MODIFICATION, LPS, modification, Nevada, quiet title, rescission, RESPA, securitization, TILA audit, trustee, WEISBAND
Posted in bubble, Corruption, Eviction, securities fraud |