Nevada A.G. Expands Crackdown; Charges LPS With Consumer Fraud
December 19, 2011
Weeks after bringing the first criminal charges to be filed in a robo-signing related case, the Nevada State Attorney Generals office has filed suit against Lender Processing Services, the nations largest provider of default mortgage services, and some of its subsidiaries for engaging in allegedly deceptive practices against consumers in the state. The lawsuit, filed Dec. 15, 2011, in the 8th Judicial District of Nevada, follows the state AGs investigation into LPS default servicing of residential mortgages in Nevada, especially loans in foreclosure. The lawsuit includes allegations of widespread document execution fraud, deceptive statements made by LPS about efforts to correct document fraud, improper control over foreclosure attorneys and the foreclosure process, misrepresentations about LPS fees and services, and evidence of an overall press for speed and volume that prevented the necessary and proper focus on accuracy and integrity in the foreclosure process.