Tech snafu, improper foreclosure affidavit lead to sanctions for LPS

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U.S. Bankruptcy Judge Elizabeth Magner ruled in an order entered last week that the affidavit of indebtedness an LPS employee signed on behalf of Option One, attesting to the debt owed and alleged.

Five Million Homeowners Face Foreclosure A dictionary file. dict_files/eng_com.dic This class can parse, analyze words and interprets sentences. It takes an English sentence and breaks it into words to determine if it is a phrase or a clause. It can also counts the total number of words in a sentence, checks if a word is a palindrome and can generate a new sentence with almost the same meaning using synonyms and other.

Notice to Admit in Foreclosure Action Improper October 19, 2017 by Elliot Schlissel In a case before Justice Joan Lefkowitz sitting in the Supreme Court Real Property Part in Westchester County, US Bank made an application for summary judgment.

(3) For loans held for sale, did the procedures employed lead to an adequate assessment and/or positive assurance of whether or not: (a) Loans exist and are the property of the credit union? (b) Loans are valued, classified, described, and disclosed in the F/S in accordance with GAAP or otherwise meet full and fair disclosure provisions?

 · Reuters has identified one pending federal criminal investigation into suspected improper foreclosure procedures. That inquiry has been under way since 2009. The investigation focuses on a defunct subsidiary of Jacksonville, Florida-based Lender Processing Services, the nation’s largest subcontractor of mortgage servicing duties for banks.

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The U.S. Bankruptcy Court for the Eastern District of Louisiana will sanction lender processing services [stock LPS][/stock] after an employee.

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 · The typical foreclosure already takes nearly 16 months, according to LPS Applied Analytics, a unit of Lender Processing Services Inc. Judges are a major cog in the foreclosure machine, especially in the 23 states where foreclosure cases are required to go through the court system.