Trend Continues: Many Law Firms’ Foreclosure Offices Out Of Business

Posted on August 6, 2015 by RonMamita — 4 Comments

Stay in your home and fight foreclosures!
This trend is good news… ~Ron

NJ Foreclosure Mill Goes Bankrupt

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This is not legal advice on your case. Consult a lawyer who is licensed in the jurisdiction in which the transaction and /or property is located.

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see 30,000 Cases to be Transferred from Bankruupt NJ Lawfirm

It’s a growing trend. More law firms are backing out the foreclosure mill business. The reasons are pure economics. The number of contested foreclosures is rising exponentially. The foreclosure firms get a small flat fee for each foreclosure case. The numbers don’t add up.

In addition, these firms are finding themselves in the cross hairs of bar associations who are starting to look at the use of fabricated documents and fabricated testimony from robo-witnesses and robo-signers.

These firms made tens of millions of dollars in profits simply because nearly all homeowners were allowing the foreclosure by default. As the news reveals that homeowners are being foreclosed by entities that have no right to collect, enforce or foreclose on the original mortgage loan, attorneys are all coming to the same conclusions: (1) these cases are winnable and (2) the actual claim is being filed on behalf of the servicer to recover servicer advances which are themselves being “securitized.”

First they said there were no trusts, the they said there were trusts but the servicer had the right to represent the trusts, then came the time that trustees issued statements prohibiting (pursuant to PSA) the “servicer” from using the name of the Trustee, then US Bank and others began replacing the Trustees of the empty, penniless trusts and allowing the foreclosures to be filed in its name.

AND now they are returning to the first strategy where they deny the existence of a trust when it is obvious that the only reason why Citi and others would call themselves “servicers” is to avoid liability for the origination of the loan and to make it more difficult for the borrower to show that there is a REMIC Trust out there that claims ownership or that did claim ownership of the loans.

LIST OF BUSTED MORTGAGE COMPANIES

Bank of America Ordered to Pay $1.2 BILLION for Fraudulent Mortgages

Legal Complaints May Ultimately Unravel the Current Global Financial Cartel Part 3

Neil Garfield Legal Taskforce: BANKS TURN TRUST INTO A COMMODITY

Are you a Victim of Securitization?

Overview of the Florida Foreclosure Process in 10 Steps:

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About RonMamita

Want Worldwide PEACE and Prosperity. We are the solution we have been searching for... Free People on Earth will solve our crisis and create an era of Creativity. Be Aware; Be Creative; Be Active; Be Free; and then Share it. LOVE & Wholeness AMOR y Paz