A former Lender Processing Services (LPS) employee, Adrian Lofton, gave a sworn statement to a New Jersey court investigating mortgage fraud. In his statement, Mr. Lofton alleges that LPS employees sometimes altered the bank's records. When a mortgage goes into default, LPS becomes the manager of the loan. The problem is that LPS employees are then given access to the bank's entire database to reconcile any inconsistencies on the account. Because LPS employees were encouraged to work as quickly as possible, corners were cut and files were manipulated.
Some of the manipulation that has taken place on these mortgage files may never be discovered. Therefore, it is very important that you contact a Florida Foreclosure Defense Lawyer if you are in default on your home mortgage. You should have your loan documents reviewed for inconsistencies between the amount that LPS claims is due and owing and the amount that you actually owe.
