Sunday, February 27, 2011

Fannie Tags Foreclosure Mill With Lawsuit Demanding Immediate Turnover Of 15,000+ Case Files; Fears "Irreperable Harm" If Process Is Delayed

In Broward County, Florida, The Palm Beach Post reports:
  • Fannie Mae, the nation's largest provider of mortgage funding, has asked a Broward County judge to order the Fort Lauderdale law firm it fired this month to turn over its case files.

  • As part of a lawsuit filed by Fannie Mae on Feb. 11 —— one day after it cut ties with Ben-Ezra & Katz —— the mortgage giant sought a preliminary injunction to force the law firm to turn over files on its more than 15,000 cases statewide.

  • Fannie Mae claims it will suffer "irreparable harm" if the files are not transferred immediately because they contain original promissory notes and mortgages "which, of course, cannot be replaced." The judge has not yet ruled.

For more, see Fannie Mae wants files back from fired firm.