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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William A. Roper, Jr.
In one of the more ironic outcomes for Wall Street, foreclosure mill operator David STERN seems to have sold his bank office foreclosure operations to a Special Purpose Acquisition Company in December 2009.  The story appeared on Friday in the New York Times:

"Foreclosure Crisis Trips Up a SPAC" (October 15, 2010, 10:00 am)
http://dealbook.blogs.nytimes.com/2010/10/15/foreclosure-crisis-trips-up-a-spac/?


So once again, the JOKE is on US!  Your municipal pension fund may actually now own the foreclosure mill turning out all of those robo-affidavits (and the source of the continuing stream of new depositions)!

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Margaret
It is Chardon 2008 Acquisition Corp.

http://www.billwarnerpi.com/2010/03/foreclosure-law-office-of-david-j-stern.html
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Sometimes it pays to click on the hot words in an article.  This came up when clicking on "boat" in the David Stern piece.  I love "Your House is my House"  reminds me of You Got to Pay to Stay".

http://www.zimbio.com/Crime,+Background+Checks,+Foul-Play,+Fraud+And+Investigations/articles/xHrouNibDrg/Foreclosure+Attorney+David+J+Stern+Leads+Life

 
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Margaret
Yes, just shows the audacity this jerk has. I hope his boat goes down in flames with him on it.

I forgot to add the CHINA to the name...
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