Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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Brindy
It a very nice turn of events, Chase bank has decided to eat its own foreclosure lawyers.

http://www.abajournal.com/news/article/chase_sues_its_own_former_foreclosure_counsel_seeks/

Chase Sues Its Former Foreclosure Counsel, Seeks Turnover of Files in $400M Worth of Cases


Saying that its former mortgage foreclosure counsel, Ben-Ezra & Katz, has effectively called a halt to some $400 million in litigation by refusing to turn over the case files, Chase Home Finance is suing the law firm in federal court in Florida.

At issue is approximately $5 million in unpaid fees that the law firm contends is due, according to the Palm Beach Post.

Chase disputes the alleged debt but has offered to post a $2.8 million bond and says its contract with the law firm requires immediate turnover of the file when the representation ends.

"Without the Chase files, especially the original executed promissory notes and mortgages, Chase cannot proceed with, transfer, or conclude any of the cases," the suit states. "Moreover, the original, executed promissory notes and mortgages securing Chase's interests cannot be reproduced."



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Brindy
I may have fat fingered the link.  Here it is again.

http://www.abajournal.com/news/article/chase_sues_its_own_former_foreclosure_counsel_seeks/



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Brindy

JPMorgan Chase Bank, N.A. et al v. Ben-Ezra & Katz, P.A.

                                                                                                       
                                Share                                 |                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
Plaintiffs:JPMorgan Chase Bank, N.A.  and Chase Home Finance LLC 
Defendant:Ben-Ezra & Katz, P.A. 
 
Case Number:0:2011cv60655
Filed:March 25, 2011
 
Court:Florida Southern District Court
Office:Fort Lauderdale         Office
County:Broward
Presiding Judge:James I. Cohn
 
Nature of Suit:Contract - Other Contract
Cause:28:1348
Jurisdiction:Diversity        
Jury Demanded By:None        
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"The suit states. "Moreover, the original, executed promissory notes and mortgages securing Chase's interests cannot be reproduced."

That's one of the funnest allegations ever contained in a civil complaint relating to foreclosures. 

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Try this link:

http://www.abajournal.com/news/article/chase_sues_its_own_former_foreclosure_counsel_seeks/

If that doesn't work then Google:


Chase Sues Its Former Foreclosure Counsel, Seeks Turnover of Files in $400M Worth of Cases


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Moose
Way To Go wrote:
"The suit states. "Moreover, the original, executed promissory notes and mortgages securing Chase's interests cannot be reproduced."


Allow me to correct the allegation in the suit:

"Moreover, the original, executed promissory notes and mortgages securing Chase's interests cannot be reproduced again without exposing complicity in a fraud."

Moose


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Amazing if we write a couple of bad checks of course it's prima facie evidence we intended to commit fraud rather than an accounting error or forgetfulness. Yet Arnall of Ameriquest, Mozillo of Countrywide, Litton of Litton can run a whole multi-state corporation seemingly based on fraud  surely it must just be a comedy of errors, well I don't find that to funny.

If these well meaning executives are so stupid, so forgetful, so negligent that they drive a whole company over a cliff, and entangle it in lawsuits and criminal investigations shouldn't someone call the funny farm and put them in a straight jacket because they are a risk to themselves and others, now that I would find funny.
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Brindy
(Hint - Mr. Ed)

An original is an original, of course, of course,
And no one can think to dispute an original of course
That is, of course, unless the original is owned by Mr. Stern.

Go right to the source and ask Mr. Stern
He’ll give you an answer you can’t discern
He’s always on a slippery slope of course
Talk to Mister Stern.



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