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Florida Foreclosure Fun!

According to this piece in the ABA Journal quoting the Palm Beach Post, South Florida foreclosure mill Ben-Ezra & Katz was terminated by Fannie Mae after it was found in contempt by Miami-Dade Circuit Judge Maxine Cohen Lando for, among other things, lying to the Court and eventually filing the documents it claimed to have lost, only to learn they weren”t the right documents.

The de-activation of the firm by Fannie will have far-reaching consequences. Just look at the same action taken months ago with respect to the office of David J. Stern in Plantation, Florida. When Fannie Mae gave them the boot the result was that foreclosures across the State were dismissed with no clear indication of when, if ever, they will be refilled.

Perhaps the most ironic part of the fallout from the botched case was that now the hundreds of employees laid off by the firm as a result will probably need to defend against their own foreclosures.

Now we”re having fun!

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