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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Per Herald Tribune
An attempt to fix the sloppy legal work plaguing thousands of foreclosure cases in Florida has been ineffective, and has now caused a legal mess of its own.
The Florida Supreme Court got tough on attorneys for banks and lenders in February, responding to stories of homeowners losing their property based on shoddy or incomplete paperwork. The incomplete filings also wasted judicial resources and clogged up the courts.

To combat that, a new rule enacted by the high court requires the attorney or bank filing a foreclosure to verify -- under penalty of perjury -- that the allegations and paperwork are accurate when a residential property is at stake.

But attorneys have not followed the rule. Some contend they do not have to, arguing that the Supreme Court said the rule was not in effect yet.

"The decision by the Supreme Court in Florida specifically says 'Not final,'" said Miami attorney Gerald Richman, who is still fighting the new requirement on behalf of one of the state's largest foreclosure firms.

The issue may have to be settled by the Florida Supreme Court, though no action is scheduled.

The continuing problems with the foreclosure process could affect the speed at which the housing market recovers by slowing the process of reselling properties and stabilizing the market.

The vast majority of the state's housing lawsuits come from Florida's five so-called foreclosure mills, where attorneys can each handle thousands of cases gushing from the deflated housing market.

A court-sanctioned review of hundreds of residential foreclosure filings in Sarasota and Manatee counties -- unofficially dubbed "Stop the Slop" -- found that nearly all the lawsuits lacked basic documentation.

Of the 52 cases in the first round of review in Sarasota, all lacked the new verification requirement or other proof the bank is entitled to take the property, an attorney who reviewed the cases says.

Backed by local Chief Judge Lee Haworth, who served on the state task force that recommended the new rule, judges in Manatee and Sarasota counties used the new rule to throw out dozens of foreclosure complaints in the past month.

But Miami attorney Richman, who represents banks and lenders, contacted Haworth last week and told him he and the other judges were jumping the gun.

The confusion results from the wording of the Supreme Court's ruling.

Haworth, along with other judges and attorneys across the state, rely on the part of the ruling that states the rule "shall become effective immediately upon the release of this opinion." The opinion was released Feb. 11.

But the foreclosure mills cite a line later in the opinion that states the ruling is "not final" until any motions for rehearing are considered. That interpretation delays implementation of the rule, which benefits their bottom lines because verifying the documents takes time and could bring perjury accusations if wrong.

Richman filed a motion for rehearing in February, saying the new rule needs to be clarified. But the top court has not acted on that motion, set a date to hear arguments or otherwise clarified its ruling.

A spokesman for the Supreme Court said ethical rules prevent anyone there from commenting on the opinion, or clarifying whether the verification rule is in effect.

The confusion sent Haworth backpedaling last week, after Richman said his client would appeal the tossing of the cases. Haworth temporarily suspended that part of the "Stop the Slop" program Friday, saying he was not alone in having questions.

"I'm expecting they'll do something to clarify the situation," Haworth said.

The bottom line for homeowners: when a foreclosure is filed, do not give up your property easily. Rather, make sure the bank or lender retaking your home has the paperwork to show it can, attorneys say.

Sarasota-Bradenton had one foreclosure for every 61 housing units last year, according to RealtyTrac. There were 544,000 foreclosure filings in Florida last year.

The number of foreclosures spiked following the downturn in Florida's housing market and the mortgage crisis.

Courts in Sarasota and across the state started "rocket dockets" to handle cases in bulk and more quickly, even as examples of poor lawyering for banks and lenders came to light.

Some of the most egregious Florida examples come from Sarasota County. In one case, an attorney for a lender used a false reason to schedule a Sarasota widow's home for a foreclosure sale. A judge canceled that sale.

And one circuit judge in Sarasota, after an attorney assured her everything was in order, happened to glance at foreclosure paperwork and realized the two properties were in Miami, far outside her jurisdiction.

Judges have said they can only catch a few errors as they try to keep the rest in line, and do not have the resources to police all the complaints.

Foreclosure defense attorneys had already pointed to Haworth's "Stop the Slop" program as an example that should be followed across the state.

Haworth said he will continue policing foreclosure documents aside from the Supreme Court verification requirements.

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But attorneys have not followed the rule. Some contend they do not have to, arguing that the Supreme Court said the rule was not in effect yet.

"The decision by the Supreme Court in Florida specifically says 'Not final,'" said Miami attorney Gerald Richman, who is still fighting the new requirement on behalf of one of the state's largest foreclosure firms.


This in itself shows the amount of ethics these people have!







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The Florida Supreme Court issued a denial of the Motion for Rehearing today.
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i think its safe to say that Miami attorneys here make BP look good. Does that answer your question? 

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The Foreclosing Plaintiff Creates the Crisis thru Fraud & Crimes at Highest Level

The foreclosure crisis that continues to grip our courts in 2010 and that will only get worse in years to come all began in 2005, 2006, 2007, when the mortgage industry and Wall Street colluded with each other to engineer the largest financial fraud in modern history.  The facts are simple.  Wall Street Wizards figured out a way to monetize then trade billions of dollars in wealth when they figured out how to convert mortgages into currency.  Dollars and stocks were regulated, but because mortgages were new currency, they were totally unregulated, unsupervised and completely subject to manipulation.

The biggest players on Wall Street, JP Morgan, Bear Stearns, Chase…they all got together to create larger pools of mortgage backed securities that they sold to investors nationally and abroad.  THEY COMMITTED MASSIVE FRAUD UPON THESE INVESTORS BY LYING ABOUT THE FUNDAMENTALS OF THE COLLATERAL IN THOSE SECURITIES.

The loan originators at Countrywide, New Century, Argent and most of the other subprime players were submitting loans that contained false information from top to bottom.  The appraised value of the homes were all lies, credit scores were all lies, income and employment….all lies.

THE WALL STREET WIZARDS KNEW THE INFORMATION CONTAINED IN THE LOAN FILES WERE LIES.…but they didn’t care because they hired credit rating agencies to lie to the end purchasers (institutional investors).

And now all these players that were lying and committing fraud from the inception of all these deals come into our courts of equity seeking redress from our local circuit courts.  A fundamental concept of courts of equity is those seeking affirmative relief from courts must come into court with clean hands…they must be innocents in the matter for which they seek relief…..and the players seeking relief in courts across this state and indeed across the country are far from innocent.



But don’t just listen to me, read the lawsuit attached below….it describes in excruciating detail how the architects of this crisis….the biggest players on Wall Street and the gang of thieves that are choking our courtrooms…set this crisis up when the set this whole system up….read on:

Plumbers v JPMorgan Chase As Depositor

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