1.9 Million dollars, that New York state attorney general Eric Schneiderman netted for his state as part of a 45-state settlement with Lender Processing Services (LPS) and its subsidiaries, LPS Default Solutions and DocX, to resolve “unlawful foreclosure practices” and robo-signing allegations[1]. Schneiderman accused LPS of “cut[ting] corners in order to maximize their profits” and promised to continue to “pursue any company that generates false or robo-signed documents that are used to foreclose on New York homeowners.” As part of the settlement, LPS will review documents executed between January 1, 2008 and December 31, 2010 to determine “what documents, if any, need to be re-executed or corrected.”

 


[1] http://nationalmortgageprofessional.com/news34086/robo-signing-practices-nets-19-million-new-york-state-settlement