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foreclosure fraud

Marshall C. Watson, the lawyer at the head of one of Florida’s most notorious foreclosure mills, will soon surrender his law license and shut down his infamous law firm, reports the Palm Beach Post’s Kim Miller. According to the Post: The owner of the Fort Lauderdale-based Law Offices of Marshall C. Watson has agreed to […]

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Foreclosure lawyers may have a duty to set aside foreclosures that were based on robo-signed affidavits, under an ethics opinion recently approved by the Florida Bar. The opinion (below), produced by bar staff in January of this year, responds to a hypothetical question from an unknown lawyer. The Surrogate Signer Hypothetical Under the hypothetical fact-pattern […]

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If you saw Sunday’s 60 Minutes episode about foreclosure fraud perpetrated by DocX, Linda Green, and LPS, fearing the many faces and many signatures of Linda Green as presented by Lynn Szymoniak, then you missed out. If you saw it and don’t believe that our financial instituions have been perpetrating massive, systemic fraud on an […]

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Did you know that one company is to blame for most, if not all, of the outright fraud found in foreclosures across the country? That one company handles the overwhelming majority of so-called “defaulted” loans? That one company generates—i.e. fabricates—all the paperwork, hires all the lawyers, tracks all the numbers, and pulls all the strings? […]

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Bank of America has been long rumored to have lost a massive trove of emails to Wikileaks. Now, members of the hacker collective “Anonymous”—who have retaliated against entities that stood against Wikileaks—have claimed that they have obtained copies of BoA emails that show intentional mortgage fraud by BoA, and they plan to release those emails […]

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The Law Office of David J. Stern is shutting its doors for good, according to a new filing today with the Securities and Exchange Commission. That filing, on behalf of DJSP ENTERPRISES, INC. (the public legal-support company that Stern spun off from his law firm) says that: DJSP Enterprises, Inc.’s (the “Company’s”) primary customer, the […]

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Fountain pens and foreclosures In these days of robo-signers and rocket-dockets, you can easily imagine losing your family home at the stroke of a pen—based on the signature on a perjured affidavit, or the order of a hurried judge—but how often have you heard of a home saved by the stroke of a pen? A […]

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Ricardo, Wasylik & Kaniuk, PL is proud to announce a series of FREE FORECLOSURE SEMINARS to be held in February. These programs are designed to provide homeowners with FREE Information about Loan Modifications, Short Sales and Foreclosure Defense. Ron Kaniuk, the Managing Partner of the Firm’s South Florida Operations noted that these programs were being […]

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It’s becoming more and more apparent that plaintiffs’ foreclosure mill lawyers will lie about almost everything in order to keep their assembly line running. Now, two class-action lawsuits—one in Kentucky, one in Mississippi—threaten to expose the lies that are baked right into the system that the banks use to pick their lawyers. Yves Smith over […]

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Foreclosure plaintiff submits faked assignment documents in Pasco case Imagine you’ve been sued for foreclosure. Now, imagine the plaintiff submits, as evidence, a bunch of falsified documents to establish its right to foreclose. That could never happen, right? Wrong. It did, and Pasco Judge Lynn Tepper found out and would not stand for it, in […]

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Foreclosure rescue scammers now have a new front to worry about: a coordinated operation by state and federal officials to shut down those who prey on foreclosure victims. “The message is very simple: If you prey on vulnerable homeowners with fraudulent mortgage schemes, we’ll find you and we will punish you,” [U.S. Attorney General Eric] […]

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The St. Pete Times reports on April Charney coming to town again: At the start of class, April Charney makes one thing clear. “This is very dense, complicated work,” she warns. “If you don’t get it, raise your hand and ask questions because the chances are others don’t get it either.” [She’s speaking to] lawyers […]

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“State of emergency” were the words chosen by Attorney General Bill McCollum this week, when he announced that he was asking law enforcement officials from state and local agencies to step up enforcement efforts. Mortgage fraud, and in particular, foreclosure rescue fraud, were the number one complaint to McCollum’s office in 2008.

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“We are asking the Court to shut them down.” Another loan-modification shop, this time in conjunction with a law firm, has apparently run afoul of the law. Florida’s Attorney General, Bill McCollum, has sued Florida Foreclosure Law Center LLC and Lincoln Lending Services and said at a press conference: We are asking the court to […]

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MSNBC reports on just how bad the foreclosure fraud problem has become: Rich Hagar is a former home appraiser based in Seattle who now runs seminars for law enforcement officials and real estate professionals on detecting fraud. He describes the mortgage fraud problem as “monstrous,” noting that bank “Suspicious Activity Reports” for mortgage fraud have […]

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Losing your home? Most homeowners facing a mortgage default have already come to grips with that consequence or at least they know it’s a very likely possibility. But may don’t realize that, long after losing their home, they might still end up paying against the debt for years, even decades. The false promise of loss […]

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The Subprime Primer

by Mike on September 20, 2008

Wondering why our banking system is on the verge of collapse? Baffled at just how a surge in mortgage defaults threatens to pancake our entire economy? Look no further than the power of cartoons: Some genius, unknown to me, has created this slideshow, “The Subprime Primer,” and it tells you prety much all you need […]

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Florida leads the nation in mortgage fraud

by Mike on August 25, 2008

A new report claims that Florida leads the nation in mortgage fraud. In fact, 24 percent of fraudulent loans reported to the [Mortgage Asset Research Institute] during the first quarter originated on properties in Florida. The most common kind of fraud was application fraud, including misstating income and false identification. I wonder how many of […]

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