Banks and other lenders, it seems, made statements in courts of law that. instances of foreclosure documentation with legal loopholes big enough to drive a moving van through. During the years of.
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Attorney General Rob McKenna also called on all foreclosure trustees – who under state law carry out home foreclosures. if not all of them, have been cutting corners," McKenna said. Without naming.
That ruling addresses those facts and that particular type of firm and state, but would the concept apply to judicial states and law firms within that space? While some of us do consumer.
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These days, one might find these particular former college football players at finance cathedrals, insurance companies, law.
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Fla. AG Probe: Did 3 Law Firms Get 1,000s of Foreclosure Judgments By Possible Wrongdoing? The three firms are the Law Offices of Marshall C. Watson in Fort Lauderdale; Shapiro & Fishman; David J. Stern’s firm in Plantation. Watson declined to comment yesterday on the probe and the Shapiro firm could not be reached.
What is Foreclosure Law? Foreclosure law provides the means for a mortgage lender to take possession and sell a home when the borrower has defaulted on the loan. The money from the sale is used to pay off the balance of the loan, and the new buyer takes the home free of the mortgage.
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"The Baum Firm cut corners in order to maximize the number of its foreclosure filings and its profits," said Attorney General Schneiderman. "This settlement demonstrates that my office will not allow New York homeowners to face the drastic consequence of foreclosure based upon inaccurate documents filed in court.
A former paralegal with Florida’s largest foreclosure law practice has told state investigators that the firm routinely signed court paperwork without reading it, misdated records, forged.
bank’s attorneys have been cutting corners and disregarding these rules, whether to save money or because they couldn’t comply is unclear. Some law firms which originally filed a lot of foreclosures closed up shop for one reason or another in the last few years, but may have done nothing to formally withdraw from those cases.