By Steve Viuker
New York State Attorney General Eric Schneiderman recently announced a multi-state settlement with Lender Processing Services, Inc. and its subsidiaries, LPS Default Solutions and DocX, to resolve claims of unlawful foreclosure practices, including robo-signing. The $121 million settlement, reached by New York, 44 other states and the District of Columbia, will require LPS and its subsidiaries to reform their business practices and, if necessary, to correct documents it improperly executed that harmed homeowners. New York’s share of the settlement is approximately $1.9 million. The action reinforces Schneiderman's role as, in essence, a robo-siging cop -- one of the most aggressive opponents of such practices.
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