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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Notorious "Foreclosure Mill" Harmon Law owns Commonwealth Auctions. Take a look at the auction "bids" submitted by Fannie Mae and HUD on June 8, 2012. Shortly after this was printed, the Commonwealth Auction website was taken offline..for approximately one week. It's fine now. The fraud is all patched up.

http://www.scribd.com/doc/100533809/Harmon-Law-Commonwealth-Auctions-Foreclosure-Fraud-Factory-6-8-2012

FNMA bid - $194, HUD bid $190, etc.

I'm figuring this scum outfit made a new hire who wasn't up to speed on the fraud and keyed in these numbers.

I suspect the system was taken off-line after someone noticed it internally for a good "scrubbing". It's maddening.
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I wish I knew how they were getting away with it out here in Colorado.  The AG is investigating a bunch of law firms.  Ten appointed Public Trustees, unique to Colorado and appointed by the governor while others are elected resigned last week.  It is a mess out here and we are so far behind other states in cases wending their way through the judicial system that banks are getting away with stealing properties with very little effort. 

Good find. 
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Thanks for reading Sharon. I have drilled this down very deep. Once I have completed my analysis I will post my conclusions...fwiw.
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This is going to Marie McDonnell and John O'Brien.
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They are the foreclosers, the notaries, the auction house, the title company, they estimate their fees, and use MERS for their own assignments as corporate officers. These businesss practices have been going on for most if this decade. There have been many cases in the past several years where these business practices have been shown to be questionable if not illegal. 
 

Here is a case involving Harmon Law and their estimated fees, called In Re Plant 2003:

http://www.leagle.com/xmlResult.aspx?page=1&xmldoc=2003923288BR635_1839.xml&docbase=CSLWAR2-1986-2006&SizeDisp=7 

Building an empire, one home at a time

He operates the largest foreclosure law firm in the state, and these hard times have made Mark P. Harmon a very busy man. Some critics assail his tactics, but Harmon is unapologetic: Lenders, after all, need zealous lawyers, too.

By Jenifer B. McKim
 
Globe Staff / August 7, 2011

http://www.boston.com/realestate/news/articles/2011/08/07/building_his_empire_by_taking_others_homes/?page=full



Article Comments:
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