Ben-Ezra & Katz Lays Off 236
Tuesday, February 15, 2011 at 9:20PM Fort Lauderdale law firm Ben-Ezra & Katz confirmed Tuesday that it had laid off 236 employees on Monday.
The layoffs come after Fannie Mae terminated its relationship with firm, which requires Ben-Ezra & Katz to transfer its files to other attorneys. The firm advertises itself as a full-service real estate firm focused on Florida foreclosures.
Last week, the firm said in a news release that it was “surprised” by Fannie Mae’s action, “since the issues leading to their action are things we discovered internally, then proactively informed Fannie Mae and created a plan to correct the problems.”
The firm said the problems were “technical paperwork issues” and had to do with whether the correct original affidavits were attached to each file.
This is the second Broward County law firm to lay off hundreds of employees after the mortgage giant stopped doing business with it. In November, Fannie Mae stopped working with David J. Stern’s Plantation law firm, which also is under investigation by the Florida Attorney General’s Office for so-called robo-signing.
A spokesman for Ben-Ezra & Katz said Tuesday that the firm is not part of that investigation.
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