Mitt Romney’s Fundraiser at Wilber Ross (AHMSI) Mansion and the LPS Foreclosure Fraud Connection

TONIGHT, on October 20, 2012, Mitt Romney will have dinner in Palm Beach at the home of H. Wilbur Ross, the billionaire who just made $750 million selling his company, American Home Mortgage Servicing, Inc. (now, Homeward Residential) to Ocwen Financial Corporation. Guests will pay $2,500 to $50,000 to attend. 

 

American Home Mortgage Servicing (“AHMSI”) has filed 617 foreclosure actions in Palm Beach County alone.  AHMSI was the biggest client of LPS/DocX, the document mill that made Linda Green infamous.  In an 18-month period, 1,857 DocX mortgage assignments, most signed by many different people using the name Linda Green, were filed in Palm Beach County and used to transfer over half a billion dollars in mortgages on Palm Beach County properties to Wall Street trusts (AHMSI’s clients).

The attorneys general of Texas and Ohio sued AHMSI for abusive practices in foreclosures.  Class actions are piling up against AHMSI, especially for its forced-place insurance practices. As a servicer, AHMSI works for many banks, but Deutsche Bank, the foreclosure king, is one of its biggest clients.  Thanks in large part to AHMSI’s efforts, Deutsche Bank is now one of the largest residential property owners in Palm Beach County.  You can spot many of these homes by the overgrown yards and badly-boarded windows.
Mitt Romney’s recent television ads in Florida say that he would find alternatives to foreclosure.  For thousands of Floridians, it is already too late, thanks in large part to the practices of AHMSI and its shady documents.  One can judge a man by the company he keeps.

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