PB POST | Fannie Mae fires second South Florida law firm

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PB POST | Fannie Mae fires second South Florida law firm

PB POST | Fannie Mae fires second South Florida law firm

By Kimberly Miller Palm Beach Post Staff Writer
Updated: 7:18 p.m. Thursday, Feb. 10, 2011
Posted: 7:07 p.m. Thursday, Feb. 10, 2011

Federal mortgage giant Fannie Mae has cut ties with a second South Florida law firm handling its foreclosure cases, requiring an immediate transfer of those files to other attorneys and likely causing more turmoil in the state’s foreclosure courts.

The termination of its relationship with the Fort Lauderdale firm of Ben-Ezra & Katz, P.A. was announced today in a notice to loan servicers. The notice says payments to the firm should be stopped immediately and gives servicers a Feb. 15 deadline to find new firms to handle the Ben-Ezra & Katz files.

“Fannie Mae has become aware of certain document execution issues at the Ben-Ezra law firm regarding its processing of foreclosure cases on our behalf,” said Fannie Mae spokeswoman Amy Bonitatibus.

“It is our expectation that law firms will handle matters in strict compliance with proper procedures, ethical codes of conduct and legal requirements.”

Ben-Ezra & Katz has represented banks in 508 Palm Beach County foreclosure cases in the past two years where the homes were ordered to auction.

Here is a sample…

[ipaper docId=37307888 access_key=key-19vf8lmd51tu4q81fb22 height=600 width=600 /]

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