DocX, one of America’s largest providers of foreclosure services to mortgage lenders, is facing a lawsuit on charges of forgery relating to foreclosures against Missouri home owners, it has been revealed.
According to a report in the New York Times, the DocX lawsuit is one of the few instances in which action is to be taken, following widespread reports of improprieties taken against homeowners in the state of Missouri.
DocX, which is a subsidiary of the Lender Processing Services of Jacksonville, Florida, has been accused of notarizing and executing millions of mortgage documents on behalf of banks and lenders over the last few years.
The report in the New York Times described how DocX has been accused by authorities of “mass-producing” dozens of forged signatures on official documents that had been notarized. The company is set to face as many as 136 separate counts of forgery relating to the preparation of eviction documents for homeowners who failed to keep up with their mortgage payments. For each forgery conviction, the company faces a potential fine of up to $10,000, meaning they could have to pay out over a million dollars if found guilty of all 136 charges.
The charges against DocX follow the news last week that several of the company’s employees had been charged with similar offences relating to the fraud. The employees could face several years in jail if they are found guilty of the alleged offences.
An attorney acting on behalf of DocX refused to discuss the allegations against them, except to say that the foreclosure servicer would be entering a “not guilty” plea in response to the charges.