DOJ Steps in to Monitor Foreclosure Law Firms, Processors - Law Blog - WSJ

DOJ Steps in to Monitor Foreclosure Law Firms, Processors - Law Blog - WSJ

DOJ Steps in to Monitor Foreclosure Law Firms, Processors - Law Blog - WSJ:

"Now, a unit of the Justice Department is stepping in to try to pressure law firms and a large U.S. mortgage processor to ensure they properly handle foreclosure proceedings. Click here for the WSJ story.

In recent months, the U.S. Trustee Program has intervened in two cases, in Mississippi and Louisiana. Bankruptcy trustees are examining whether law firms and Lender Processing Services Inc., a Jacksonville, Fla., mortgage technology and information provider, bungled foreclosures and hurt borrowers, according to court documents. The law firms and Lender Processing deny wrongdoing.

Bankruptcy trustees are lawyers or accountants who are responsible for maintaining the integrity of the U.S. bankruptcy system. They monitor cases to ensure creditors and debtors follow bankruptcy rules."