Florida AG's Office To State Lawmakers: Foreclosure Process In "Total Disarray" - A "Virtual Morass" Of Fake Documents, Faulty Assignments

The South Florida Sun Sentinel reports:

• Florida’s foreclosure process has become a “virtual morass” of fake documents and faulty practices by “mill” law firms spewing out unverified paperwork, Associate Florida Attorney General Patricia Conners told the Florida Senate Committee on Banking and Insurance Tuesday.

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• Conners’ comments echoed an Attorney General office report issued last week that indicates the problems include instances of false paperwork, fake signatures and improper certification by notaries. The report showed that investigators have documented cases of foreclosure processors swearing to the truth of thousands of documents that they have not verified and homes being foreclosed upon by a bank that did not hold the mortgage note.

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• Conners described the Florida foreclosure process as "total disarray" in her update on the investigation. Florida’s foreclosure problems have gained national attention because, as Conners indicated, Florida’s foreclosures represent half of all the pending cases in the 23 states that use a judicial process to resolve foreclosures.

For more, see: Foreclosure: AG's office says process in 'total disarray'.