Florida Attorney General Pam Bondi Settles Investigation Against One of Florida’s Largest Foreclosure Firms
For Immediate Release
March 25, 2011
Florida Attorney General Pam Bondi Settles Investigation Against
One of Florida’s Largest Foreclosure Firms
TALLAHASSEE, FL – Today Florida Attorney General Pam Bondi announced a first-of-its-kind settlement against attorney Marshall C. Watson and his law firm, one of the largest foreclosure firms in Florida, for alleged improprieties in the prosecution of foreclosure cases throughout Florida.
This settlement, which calls for a $2 million payment and imposition of certain requirements to conduct business, is the first stemming from numerous investigations into Florida foreclosure law firms.
“We are aggressively investigating these law firms in order to protect the interests of everyone involved in foreclosure proceedings. Homeowners, lending institutions and the courts deserve to know that the law is being followed and all documentation is true and accurate,” stated Attorney General Pam Bondi. “Anything short of total assurance of complete accuracy during such serious situations is unacceptable.”
Florida led the nation in the investigation of law firms engaged in the improper production and filing of foreclosure documents. The Marshall Watson firm fully cooperated with the investigation since its inception.
Half of the $2 million payment from Marshall Watson’s firm to the Attorney General’s Office will be contributed to the Florida Bar Foundation to continue the Florida Attorney General Mortgage Foreclosure Grant Program.
This grant program provides for the funding of Legal Aid attorney positions throughout Florida specifically devoted to the representation of low-income individuals facing foreclosure actions.
The investigations into the practices of several other Florida law firms are ongoing.