Sunday, February 17, 2013

Head Of Outfit That Manufactured Fraudulent Documents Used To Foreclose On Homeowners Now Cops Guilty Plea In Michigan After Already Admitting Guilt On Federal, Missouri State Charges


In Kent County, Michigan, The Detroit News reports:

  • The former president of a Georgia company that filed thousands of forged documents in Michigan foreclosures pleaded guilty to state racketeering charges Monday in Kent County.

    Lorraine Brown, former president of loan document processor DocX, faces up to 20 years in prison when she is sentenced May 2, according to the Michigan Attorney General's office.

    Brown already pleaded guilty to similar charges in federal court and in a Missouri case in which she agreed to a prison sentence of two to three years. DocX is out of business, but its parent company, Loan Processing Systems of Jacksonville, Fla., has cooperated with investigators and is paying out millions.
For more, see Ex-exec pleads guilty in loan foreclosures (Firm's 'robo-signing' included thousands of filings in Mich..)

For the Michigan Attorney General press release, see Schuette Announces Guilty Plea for Former Mortgage Processor President Responsible for Fraudulent Robo-Signing Scandal.

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