LPS Responds to Nevada Attorney General Announcement

JACKSONVILLE, Fla., Nov. 17, 2011 /PRNewswire/ — Lender Processing Services has previously disclosed that since 2010, the company has conducted reviews of the processes used in the signing and notarization of documents used in foreclosure proceedings. LPS recently learned of an inquiry from the Nevada Attorney General into its document execution practices and expressed its willingness to fully cooperate with the investigation. Earlier this month, the Attorney General’s office confirmed that the company was not a target of this inquiry.

The Nevada Attorney General has elected to charge two Lender Processing Services (NYSE: LPS) employees for document execution and notarization practices related to notices of default and deeds of trust filed in Clark County, Nevada from 2005 to 2008.  Based on the company’s reviews, LPS acknowledges the signing procedures on some of these documents were flawed; however, the company also believes these documents were properly authorized and their recording did not result in a wrongful foreclosure.

Properly authorized? Is that the best you can come up with? Who “authorized” the employees to commit crimes? Was it you?

And as for the “recording did not result in a wrongful foreclosure.” Um, yes it did. If you broke the law to take someones home that is wrongful. Is it not? I don’t want to hear that “the borrower was seriously delinquent,” or they have been in their house for two years without making a payment. That does not allow you thief’s to come in and steal someones home illegally. I hope you all rot in hell…

Bet your glad you just took on this new position…

“I am deeply committed to ensuring that LPS meets rigorous standards of professional conduct and operating excellence,” said newly appointed LPS President and CEO Hugh Harris. “I have full confidence in the ability of our leadership team and more than 8,000 dedicated employees to deliver on that commitment.”

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