New Foreclosure Problem: Lawyers Filing Faulty Documents

Tuesday, January 11, 2011

housing, house, foreclosure, foreclosing House in foreclosure. (Respres/flickr)

Big banks and over-committed mortgage-holders have been under the foreclosure microscope for a long time. Foreclosure lawyers are next up for scrutiny; according to an article from The New York Times, an increasing number of judges are accusing lawyers of processing inaccurate and even fabricated documents in foreclosure actions when representing banks. Are these accusations accurate, and if so, what is the source of the problem? 

Here to help us answer these questions are New York State Supreme Court Judge Arthur Schack, and New York Times national legal correspondent John Schwartz.


Judge Arthur Schack and John Schwartz

Produced by:

Andrea Swalec

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