Thursday, August 8, 2013

Florida Foreclosure Mill Head Reaches Deal With State Bar, Accepts 91 Day Suspension, Coughs Up $35K+ In Connection With Outfit's Activities Relating To Bankster Robosigning Racket

The South Florida Business Journal reports:

  • Marshall C. Watson, one of the original “robo-signing” attorneys, has been suspended for three months as part of an agreement with the Florida Bar.

    Watson was one of 11 attorneys in South Florida disciplined in the latest action by the Florida Supreme Court.
  • Watson agreed to plead guilty in a proposed consent judgment that accused him of failing to supervise or train his employees in foreclosure-related work. Watson also paid $30,000 for a record-keeping analysis by the Bar, plus $5,931 for its investigation.

    Watson ran a so-called foreclosure mill – Law Offices of Marshall C. Watson – where it became common practice to rush thousands of foreclosures through with quick review and sign-off to attest to accuracy of documents, leading to the coining of the phrase “robo-signing” in the media.

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