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Litigation

Feb. 23, 2007

Homeowners Sue Over Mortgages

LOS ANGELES - The Los Angeles County recorder failed to promptly record the mortgage releases of 400,000 properties in 2006, according to a recently filed class action.

By Rebecca Beyer
Daily Journal Staff Writer

      LOS ANGELES - The Los Angeles County recorder failed to promptly record the mortgage releases of 400,000 properties in 2006, according to a recently filed class action.
      With a $500 fine for each late recording, the recorder's office and Los Angeles County could face $200 million in penalties.
      The class ac...

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