DocX was one of the largest loan servicing companies for the foreclosure market. It is now the target of the Missouri Attorney General, who, along with a grand jury, has charged the company with 136 counts of forgery. Similar charges were filed against Lorraine O. Brown, founder and former president of the mortgage servicing company.
Like many loan servicing companies, DocX ran into trouble when the housing market crashed. Faced with mounting documents that needed authentication, many of the companies simply began authorizing documents with fraudulent names. In DocX's case, employees apparently notarized millions of mortgage documents before closing in 2010. Many of these notarizations are alleged to be forgeries.
The investigation is still ongoing, though the attorney general maintains the forgeries are criminal when submitted to a court. "Today's indictment reflects our firm conviction that when you sign your name to a legal document, it matters." The allegations stem from "Linda Green," whose signature appears on 68 documents. Ms. Greene was not, however, the person holding the pen when these signatures were made. Further, the documents were filed with the court as if they were legitimate. This is potentially illegal behavior.
Other evidence against the company includes former employees who describe themselves as "surrogate signers." One worker claims she was paid $11 an hour to "sign somebody else's signature on documents." She claimed to have signed nearly 2,000 documents every single day for several months. Many of these documents were assignments of mortgage, which are very important documents in any foreclosure case.
If you are facing foreclosure, contact a Jacksonville Foreclosure Defense Attorney who can help you determine the options you have available in your case. Even if the documents in your case aren't fraudulent, the bank or foreclosure company needs to prove its case before taking your home. Contact a Jacksonville Foreclosure Attorney to discuss any questions you have.
