False Statements – Lender Processing Services, Inc.

Lender Processing Services, Inc.

Action Date: October 5, 2010
Location: Jacksonville, FL

On October 4, 2010, Lender Processing Services, a company that is an integral part of the foreclosure process in most states, issued a press release to correct press “mischaracterizations.” The LPS press release was factually inaccurate. LPS claimed that only two lenders/servicers were affected by its forgery problem (referred to in the press release as “varying signature styles”). In reality, these forged documents were used by eight major banks to establish ownership of mortgages in hundreds of thousands of foreclosure cases: Bank of America; Bank of NY/Mellon; CitiBank; Deutsche Bank; HSBC; JP Morgan Chase; U.S. Bank and Wells Fargo. As for the LPS claim that its Docx employees have not executed substantive Affidavits on behalf of clients since 2008, in reality there are hundreds of Lost Note Affidavits signed by Docx employees in Florida alone throughout 2009 and 2010. While fraudulent Assignments may no longer come from the LPS Alpharetta office, the LPS offices in Mendota Heights, MN, and Jacksonville, FL, continue to produce Assignments in thousands of cases that certify that trusts acquired mortgages months AFTER foreclosure actions were filed by the trusts and years after the closing date of the trusts. Despite the statements in the LPS press release, it is clear LPS is at the heart of the foreclosure fraud morass.

Lynn Szymoniak
FraudDigest.com

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4closureFraud.org

Comments
5 Responses to “False Statements – Lender Processing Services, Inc.”
  1. james guy says:

    does anyone have any information such as a deposition, interrogatories or affidavit by Peter Read, as assistant executive vice president of Washington Mutual Bank

    • LBM Plaintiff says:

      I have a copy of an affidavit purportedly signed by Peter Read. Does anyone else have one so we can compare signatures. Do you have other information about Peter Read?

      • John says:

        I have 2 signitures from Peter Read as AVP for WAMU and Deutsche Bank in my docs…I would like to cross reference….if you still have these please call me on my cell….thanks, John in Oregon. 541-232-9958

  2. James M says:

    Right. An accurate assessment.

    LPS offices generate documents, of which enough are quite provably fraudulent, so as to cast reasonable doubt on the rest.

    the FIS/LPS is an enterprise. Engaged in activities of which a good number are fraudulent. Criminally fraudulent. Fabrication of fraudulent documents to be recorded in the public records. Preparing, executing and recording a fraudulent document in the public records of Florida is a third degree felony.

    Multiple felony counts, by members of an identifiable enterprise, over a period of time = RICO.

    The public records fraud is simple to prove. The felony count for each and every one is defined by statue. The documents, after being certified by the clerk of court are good admissible evidence. The crime is recording, or causing them to be recorded. It is also a crime to profit from the crimes.

  3. shirley jones says:

    are you kidding me??

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