JPMorgan Takes Ben-Ezra & Katz to Court for Foreclosure Files
Claiming to be owed $5 million, the beleaguered Florida law firm Ben-Ezra & Katz is refusing to hand over thousands of original promissory notes, mortgages and other documents that "evidence and secure" $400 million worth of JPMorgan loans. The law firm, which is firmly situated at the heart of the robo-signer scandal, was terminated by JPMorgan in early March. The firm is refusing to hand over documentation on foreclosures that were handled by the firm, thereby preventing JPMorgan from reviewing files, continuing with foreclosure processes and determining if their representatives were, in fact, in the wrong in a foreclosure probe that stems from the robo-signer fiasco last fall.
The probe is being handled by the Florida attorney general's office, and Ben-Ezra & Katz is one of four firms still under investigation. Other firms in the crosshairs are also filing suits for payment. David J. Stern is currently suing Chase Home Finance for $398,979.95 that the firm claims was never paid.
Should these law firms be forced to hand over documents? Should they be paid if their actions led directly to wrongful foreclosures thanks to robo-signers in their employ?
Posted by Carole VanSickle on Tuesday, March 29th 2011