Maine lawyer, Thomas Cox, recently won a $100,000 prize for his work on behalf of distressed homeowners, according to an online blog by David Dayen.
Cox apparently is the lawyer who exposed robo-signing through a deposition that he conducted a few years back.
Dayen recently interviewed Cox about where he sees the servicing market today and asked him to share his thoughts on distressed homeowners.
Robo-signing is an industry practice that led to the $25 billion national mortgage servicing settlement between state attorneys general and the big banks. The practice is essentially the processed signing of foreclosure and real estate-related documents without the correct verifications and processing.
Click here to read the full article.