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The Law Offices of Marshall C. Watson settled a Florida attorney general’s investigation into its foreclosure practices in March, agreeing to pay $2 million but admitting no wrongdoing. The settlement came two weeks after federal mortgage backer freddie mac pulled its cases from the Watson firm, which filed thousands of foreclosures.
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Marshall C. Watson is just the latest firm to lose its federal foreclosure business. The Law Offices of David J. Stern in Plantation was fired in the fall by both Freddie Mac and Fannie Mae. Stern said last week the office would stop doing all foreclosure work as of March 31, leaving as many as 100,000 cases stranded statewide.
The Federal Home Loan Mortgage Corporation ("Freddie Mac") announced on March 11, 2011, that it is taking its foreclosure cases away from the Marshall C. Watson Law Firm. The Watson firm, based in Ft. Lauderdale, Florida, was one of the firms most often used by Freddie Mac, Fannie Mae and mortgage-backed trusts to foreclose in Florida.
Freddie Mac and the Law Offices of Marshall Watson, a Fort Lauderdale, Fla.-based law firm, have parted ways. The split ‘was a mutual decision between the firm and Freddie Mac,’ Freddie Mac spokesperson Brad German tells MortgageOrb.
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Freddie Mac’s designated counsel list, which shows which attorneys the group uses in each state, was updated for Florida yesterday to remove Waston’s name. Marshall C. Watson is just the latest firm to lose its federal foreclosure business. The Law Offices of David J. Stern in Plantation was fired in the fall by both Freddie Mac and Fannie Mae.
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