Network News

X My Profile
View More Activity





Florida attorney general: Moratorium may be 'counterproductive'

The attorney general of Florida -- the state most affected by the foreclosure crisis -- finally weighed in Tuesday on the questions about improperly prepared foreclosure documents.

In a letter to Bank of America, J.P. Morgan Chase and other lenders, Bill McCollum said he's "distressed" about reports that the companies "may have engaged in filing faulty affidavits in foreclosure cases."

These actions "have affected the integrity of title to real property for Florida's homeowners as well as the foreclosure process in Florida," he wrote.

Although he said a moratorium and private litigation are "counterproductive" given the state's already fragile economy, McCollum requested that executives from the companies come meet with him in the state capital of Tallahassee to discuss remedies.

By Ariana Eunjung Cha  | October 12, 2010; 3:11 PM ET
Categories:  Housing  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: Fed leaders inclined toward new action, wanted more time to decide how
Next: Ally Financial's GMAC mortgage unit reviewing foreclosures in all 50 states

Comments

The ELEPHANT IN THE ROOM (hiding in plain sight)


Because for more than 5 years, I have been sounding the alarm about FORECLOSURE DEBT COLLECTION abuses, I’m glad the fantastic occasion to expose the NUTS & BOLTS of the most ominous element of foreclosure fraud has finally come! I call it “the ELEPHANT IN THE ROOM! I hope the Florida's Attorney General prevails in investigating foreclosure mill firms who CLEARLY fabricate foreclosure documents!!


It is imperative that MILLS are investigated for INTENTIONALLY FABRICATING court documents because certain lawyers are engaged in SELF-DEALING FORECLOSURES. Most definitely, it is NOT A WASTE OF TAX PAYER MONEY to probe awful, underhanded illegalities surrounding foreclosures which have caused thousands of people to be UNLAWFULLY evicted and homeless –while unscrupulous lawyers became CRIMINALLY ENRICHED.


LONGSTANDING foreclosure frauds incorporate false CIVIL as well as BANKRUPTCY court pleadings; repetitive and illegal property flipping (thus blighted neighborhoods); “simulated auctions” and “straw buyers”; FALSE “lift stay” motions and FALSE “proof of claims;” and "fee-splitting." Certain lawyers achieve extra benefits from litigating foreclosure defense lawsuits, and MISREPRESENT to their mortgage-clients that homeowners are delaying foreclosures, but actually its continual deceptive lawyers' activities –while billing $$$$ to clients and actually committing MALPRACTICE + fraud upon the courts + fraud & illegal exploitation of homeowners!

Because fraudulent foreclosures include many facets, culmination can take years while arranging cash cow “PAWNS” needed for big pay-offs. [Super Future Equities Inc. v. Wells Fargo, et al., @ http://www.bankruptcy-lawnetwork.com/2007/05/11/what-are-those-mortgage-servicers-doing/. Wherefore, LIKE AMERICA NEED JOBS, FORECLOSURE MILLS NEED INVESTIGATION. State Attorneys General everywhere now need to recognize the ELEPHANT IN THE ROOM –which has been for a long time, hiding in plain sight: foreclosure mill fraud!
*http://www.lawgrace.org/2010/09/30/important-facts-about-foreclosure-and-mortgage-fraud/

Posted by: lawgrace | October 12, 2010 11:19 PM | Report abuse

Post a Comment

We encourage users to analyze, comment on and even challenge washingtonpost.com's articles, blogs, reviews and multimedia features.

User reviews and comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions.




characters remaining

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company