The 102 county recorders in the state of Illinois will split a $3.3 million settlement from a national mortgage lawsuit.
The settlement was reached between Attorney General Lisa Madigan, 45 other attorneys general, and Florida-based Lender Processing Services Inc. in January. The attorneys general accused the mortgage company of "robo-signing" mortgage documents for homeowners at risk of foreclosure. It was also alleged that a subsidiary of LPS participated in "surrogate signing," or having an unauthorized person sign a document in someone else's name.
Many of the documents in question were filed in county recorders' offices. and the money from the settlement will help those recorders make sure they are keeping accurate records.
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