It’s understandable if you find the structure of Covius and its related entities confusing – many people do. The intricate web they’ve created often obscures their true identity, their clients, and their real objectives. Contrary to what you might hope, their primary goal isn’t to assist homeowners facing financial hardship. It’s crucial to understand the reality of these organizations. Let’s break down the complex structure of Covius and shed light on why it’s so perplexing.
Covius operates as a branch of Covius Holdings, which in turn owns Covius Solutions. Underneath this umbrella is Nationwide Title Clearing Corporation (NTC), an entity that has faced significant accusations of document forgery and falsification. These documents are often utilized by major Wall Street banks and their servicer, William P. Foley’s Black Knight, Inc. (formerly known as Lender Processing Services or LPS). Instructions are then relayed to Covius through secure messaging platforms. This layered structure, reminiscent of Russian nesting dolls, is designed to hinder transparency within these complex organizations.
The lack of transparency is not just theoretical. In a legal case brought by the Illinois Attorney General, Nationwide Title Clearing (NTC) was implicated in robo-signing practices. This lawsuit resulted in a consent order requiring NTC to pay $350,000. The core issue was that employees were signing thousands of documents daily without verifying their content, often including statements falsely claiming personal knowledge of the facts. Attorney General Madigan aptly described the company as a “document production factory.” While NTC didn’t admit guilt in the consent order, the allegations and settlement highlight serious concerns about their document processing practices. You can review the consent order here.
So, what should you do if you receive correspondence from Covius Document Services? The first and most important step is: do not panic. It’s essential to remain calm and seek guidance from an experienced foreclosure defense firm. Finding qualified legal help in foreclosure defense can be challenging due to the specialized nature of this field. You need legal professionals who are well-versed in the specific issues that arise when defending against potentially illegal foreclosures. Not every attorney specializes in this area.
Empower yourself with knowledge. By visiting websites like this, you are already taking a crucial step in educating yourself. Utilize resources that can help you document critical issues such as legal standing (determining who actually has the right to foreclose) and other viable defenses. Gather evidence of robo-signing or errors within the chain of title, as these can significantly impact the ownership of the debt, the promissory note, the mortgage, or the deed of trust – or frequently, a combination of these. Evidence can be sourced from your own documents and from public records, including official recorded documents and expert opinions. A valuable initial step can be to order a Tera report to gain a clearer understanding of your situation. Remember, you have options to defend yourself. Share the details of your case, and experienced professionals can guide you towards your best course of action.
If you need assistance in evaluating your case, or if your attorney requires support, consider utilizing specialized services to navigate this complex process early on. Acting proactively can help you avoid costly mistakes that could lead to the loss of your home in an unlawful foreclosure. Contact our office today at 844.478.6774 to discuss how we might be able to assist you. You can also submit your case information here to receive a complimentary assessment of your best course of action.
FORECLOSURE DEFENSE IS COMPLEX. It’s crucial to understand that there are no guarantees of a favorable outcome. The information provided here and elsewhere focuses on the homeowner’s ability to potentially win their case, not merely settle. While some attorneys may pursue strategies focused on settlement or loan modification, aggressive foreclosure mills will often employ tactics to exhaust you and erode your confidence. Experience shows that meaningful settlements are often only considered at the very last stages of litigation.
However, proactively challenging servicers and other claimants before they initiate enforcement actions can potentially delay their actions for a significant period, possibly 14 years or more. Furthermore, although less common, successfully contesting the mortgage lien could, in rare instances, result in your homestead being free and clear of the contested mortgage. (Note: No Guarantee).
Yes, you absolutely need legal representation.
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