foreclosure fraud: More attorney fallout from the foreclosure crisis - 03/12/11 10:23 AM
Freddie Mac is dropping one of the law firms in Florida that is under investigation for the handling of home repossessions.The Marshall C. Watson Law firmWill the removal of files from law firms around the country become more of the rule than the exception as improprieties continue to be exposed?This from the blogs at The Palm Beach Post Freddie Mac takes foreclosure files from Fort Lauderdale-based Marshall C. Watson law firm by Kim Miller
Federal mortgage backer Freddie Mac is taking its foreclosure cases from the Fort Lauderdale-based Marshall C. Watson law firm, one of eight Florida firms facing … (1 comments)
|
foreclosure fraud: AG-Mortgage Servicers term-sheet; A non-starter? - 03/12/11 10:16 AM
From The Hallmark Abstract Sentinel, courtesy of Hallmark Abstract Service in New York March 7, 2011 a term-sheet for a settlement with the mortgage servicers was released by all the 50 states attorney's general.
A first blush analysis of this proposal made the reader think more of a light slap on the wrist than of any real punitive punishment. For example:
@font-face { font-family: "Cambria"; }p.MsoNormal, li.MsoNormal, div.MsoNormal { margin: 0in 0in 10pt; font-size: 12pt; font-family: "Times New Roman"; }div.Section1 { page: Section1; }
Of the 27 points presented most are items the servicers should already have been doing, and dealing … (1 comments)
|
foreclosure fraud: Foreclosure fraud: The Movie - 03/03/11 04:03 PM
MERS, LPS, Bogus assignments This short clip provided and narrated by stopforeclosurefraud.com goes through one particularly egregious example shoddy/bogus/fraudulent documentation. This is just the tip of the iceberg that caused a bank the size of HSBC to freeze foreclosures.
… (0 comments)
|
foreclosure fraud: MERS takes a hit in N.Y. decision In re: Ferrel L. Agard in the Bankruptcy Court in the Eastern District of New York - 02/13/11 01:51 PM
While this decision does not help Ms. Agard (due to Res judicata) it does seriously call into question the validity of MERS assigning mortgages on behalf of its members/lenders.
These are some excerpts from the decision which can be read in its entirety here.
"...The Court recognizes that an adverse ruling regarding MERS’s authority to assign mortgages or act on behalf of its member/lenders could have a significant impact on MERS and upon the lenders which do business with MERS throughout the United States. However, the Court must resolve the instant matter by applying the laws as they exist … (0 comments)
|
|
|
|
;)
;)
