Posts Tagged fraud

PINO goes all the way.

This case is important; anyone who wants to get a taste for the issues that lawyers involved in foreclosure defense deal with should read the linked documents.  This case really relates to one issue, which is committing a fraud upon the court and then, after you get busted, dismissing the case and getting a do-over without any consequences.  I will continue to watch with great interest.

Link to documents.

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Banks drop foreclosures in Southwest Florida

It seems that all the hard work over the past years by everyone in the foreclosure defense arena is paying off and it seems at least some of the lenders are beginning to get concerned.

Read the entire article here.

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“Jeffrey Stephan” foreclosure cases to be dismissed!

“Ally Financial, one of the nation’s largest lenders, said Tuesday that it is withdrawing all of its foreclosures in Maryland that were approved by employee Jeffrey Stephan, the “robo-signer” who admitted he signed off on thousands of files every month with little or no review.”

The use of the word “approved” is perhaps misleading.  It appears that this individual merely executed fraudulent affidavits.  Or rather, affidavits that are not what they purport to be.

In Florida, we have thousands of cases where this individual and others like him signed documents improperly.  A read of the deposition testimony of any one of the numerous “vice-presidents” or “secretaries” (pick a title) of these banks shows that they were employed for the purpose of putting pen to paper, and little or nothing more.  I am curious to see how our Florida Courts continue to treat these cases.  It makes no sense to me why we continue to have thousands of voidable judgments being entered in cases all over the state with the only explanation being that we need to move cases along and clear the docket.  These judgments place a cloud on the title of these properties.  If the properties are not marketable because the title companies refuse to insure them, it is hard to be optimistic about a meaning housing recover any time soon.  These cases must be dismissed and new cases filed not only in Maryland but in all judicial foreclosure states.

Read the entire article here.

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2011 is going to be the peak for foreclosures?

2011 to Hit Foreclosure Record – Three Need-to-Knows for Foreclosure Buyers

Well, I guess it wouldn’t be the new year without some predictions.  So I found this article to share with you.  If this author is correct, 2011 will see a record number of homes in foreclosure.

Read the article here.

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