Lawyer that helped “blow the lid” off foreclosure fraud, rewarded with $100K prize
Thomas Cox, a retired attorney, literally wrote the book on foreclosures. (It’s called Maine Real Estate Foreclosure Procedures for Lenders and Workout Officers, according to the Times.) As a volunteer, he uncovered the practice of “robo-signing” and other illegal practices in the mortgage industry. Wednesday he was one of five people honored with the 2012 Purpose Prize, which recognizes people older than 60 who work toward the public good and rewards them with $100,000.
Cox says he will use most of the prize money to build a network of lawyers to do pro bono work defending consumers. He also plans to host training seminars with top lawyers he’s met since becoming a national figure.