Lender Processing Services (LPS), a spinoff company from FIS (Fidelity National Information Services), who also happens to traffic in creating mortgage assignments out of thin air for the largest financial institutions and foreclosure fraud mills, has just put the SEC on alert in it latest 10K Filing that they cannot accurately assess the economic impact of a class action lawsuit it has been named as a Defendant in. The class action was filed last week in federal court in the Southern District of Florida. Click Here to read the complaint.
The radar screen of foreclosure fraud is starting to really light up with bogies… otherwise known as “bogus” mortgage assignments and un-authenticated affidavits. I think the bottom line is that Americans are just plain fed up with the fraud and trickery being perpetrated upon our communities, our country and its citizens by corporate America, as well as the executive and judicial branches of this country. Enough is enough is what I hear every day and I predict a meltdown of the corporate foreclosure machine very soon lest a total revolution breaks out in this country by the “astroturf” tea baggers and the like.
Click here to read the actual LPS 10K Filing but here’s the interesting excerpt…
Item 3 – Legal Proceedings
Game on folks… keep putting the pressure on every pressure point you can find in this corrupt system. Sooner or later, the knees of this system will buckle.