DocX, one of the largest companies in the nation to provide foreclosure
services to lenders nationwide, has been indicted by a Missouri grand
jury on forgery charges stemming from foreclosures against home owners
in the state.
The indictment marks one of the “few criminal actions to follow reports
of widespread improprieties against home owners” nationwide, The New
York Times reports.
According to the indictment, DocX is accused of making “mass-produced
fraudulent signatures on notarized real estate documents” and could face
up to 136 counts of forgery in the preparation of documents used to
evict defaulting home owners from their homes. DocX could face a fine of
up to $10,000 for each forgery conviction.
DocX is a unit of Lender Processing Services of Jacksonville, Fla. The
company is accused of executing and notarizing millions of mortgage
documents for banks and lenders the last few years. Lender Procession
closed in April 2010 after allegations surfaced of alleged forged
documents.
Some of its employees were also indicted last week and could face several years in prison if found convicted.
An attorney for DocX says the company will enter a plea of “not guilty” and declined to comment further about the charges.
Source: “Company Faces Forgery Charges in Mo. Foreclosures,” The New York Times (Feb. 6, 2012)
No comments:
Post a Comment