New Point of Foreclosure Contention: Default Notice
Last year’s robo-signing scandals delayed tens of thousands of foreclosures in the 23 states where the process is handled in court. A new controversy could complicate foreclosures in the other 27 states. FOR LIST OF ROBO SIGNERS SEE: http://takeyourhomeback.com/?p=428 At issue is the notice of default, the first letter that a mortgage lender or servicer sends to a homeowner who has fallen...
Read MoreForeclosure – The Perfect Crime
The financial crisis has spawned hundreds of criminal prosecutions for alleged fraud. Yet so far, defendants have been mostly minor players such as real-estate agents, mortgage brokers, borrowers and a few low-level bank employees. No senior executives at large financial institutions face criminal charges. That’s in stark contrast to prosecutions during the savings and loan scandal two decades...
Read MoreForeclosure Wake Up Call
Today the Attorney General’s Office of Florida started an investigation of the three largest “foreclosure mills’ in the foreclosure capital of America, Florida, with the epicenter being Broward County. The remaining largest foreclosure mill, Florida Default Group, was already under investigation (by its own former employee Erin Cullaro, no its not a joke, it is a fact). The...
Read MoreFORECLOSURE-WHERE DID JUSTICE GO
TODAY’S LOCAL NEWSPAPER FEATURED A STORY ABOUT A MAN, WITH NO MORTGAGE, THAT HAD A MORTGAGE FORECLOSURE JUDGED AGAINST HIM. http://www.sun-sentinel.com/business/fl-wrongful-foreclosure-0922-20100921,0,36776.story MEANWHILE, THE CHIEF JUDGE OF BROWARD COUNTY, THE EPICENTER OF THE FORECLOSURE WORLD, CLAIMED THIS WAS JUST A MISTAKE AND HE NEVER HEARD OF THIS TYPE OF THING OCCURRING. JUDGE...
Read MoreForeclosure Fraud: How to not be a victim
Homeowners are continuing victims of this foreclosure fraud and their consequences and penalties continue, but the chief players in the fraud walk away from the game with a petty fine and huge profits and bonuses. Suffice it to say, the rules really are different when you commit high level, mind-boggling crimes. Next, consider the impact that senior judges, making $350/day are going to have on...
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