By now, most Floridians are familiar with the foreclosure problem created by so-called “robo-signers,” those bank and law firm employees who signed whatever mortgage-related materials was put in front of them and pretended that they had knowledge of such materials.  Now, Floridians are learning about “robo-verifiers.”

Robo-verifiers

The Florida Supreme Court enacted new rules designed to avoid further problems with robo-signers which required lender’s pleadings to be verified.  “The rule, as interpreted by several attorneys and based on recent trial court rulings, requires lenders to review and verify the accuracy of foreclosure complaints and their attachments after they are assembled by their attorneys.  A lender employee who independently double-checks the information would then sign the documents to verify the accuracy.  But foreclosure defense lawyers say that in many cases the same attorney who put together the lawsuit is signing as the verifier.”  Polyana da Costa, “Defense lawyers raise new issue: ‘Robo-verifiers’,” http://www.dailybusinessreview.com/PubArticleDBR.jsp?id=1202476541917&hbxlogin=1 (Dec. 22, 2010).

Although attorneys engaged in this process may be exposed to court sanctions, the larger problem – a foreclosure caseload which fails to be resolved – will remain unresolved.

As we have been repeatedly saying, it is important to have competent local counsel involved in any foreclosure action.  If you have questions about foreclosure – whether you are a lender or a property owner and whether the involved property is commercial or residential – call Brad Hogreve at 941.364.2455.

Bradley W. Hogreve