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Queens foreclosure attorney beats back US Bank and obtains dismissal The Honorable David Eliot, Justice of the Queens County Supreme Court issued a ruling thwarting the efforts of US Bank as Trustee in a foreclosure case. In his decision Judge Eliot held that... In an action to foreclose a mortgage, plaintiff establishes standing by demonstrating that it is both the holder or assignee of the subject mortgage as well as the holder or assignee of the underlying note and he further held In the case at bar, plaintiff failed to demonstrate that it had standing to commence the action..."

States Shift Foreclosure-Suit Funds When states received $2.5 billion from big banks in a mortgage-foreclosure settlement earlier this year, the expectation was that most of it would be used to aid distressed homeowners. But so far, less than half of the money has been designated for that causewith much of the rest going to help close state budget gaps, says a report scheduled for release Thursday.

Occupy Chicago and Overpass Light Brigade Participate in Anti-Eviction / Foreclosure March 14.5 million homes and an even greater number of families have been unjustly forced from their homes since the beginning of the financial meltdown (2007). Banks have used unethical (robo-signers) and draconian methods (predatory lending) to rip families from their homes exacerbating an already dire housing market.

Florida has nation's highest foreclosure rate "Southeast Florida was the epicenter of the speculative flipping and adjustable-rate, toxic mortgages that were destined for failure and foreclosure," McCabe said. "While our recovery may be under way, we still have a ways to go." One in 318 homes in the Sunshine State was in some stage of foreclosure in September, according to figures being released Thursday by RealtyTrac Inc.

Palm Beach County ruling: Foreclosure law firm wrong to charge for paperwork served to 'unknowns' A foreclosure law firm violated state law by charging homeowners for summonses served on John and Jane Doe and other unknown parties who may have claims on the property, a Palm Beach County judge has ruled. It is common practice for law firms to serve foreclosure paperwork on homeowners, as well as.

Scott Brown Worked as a Real Estate Attorney For Notorious Document Fraudster LPS According to Brown, he worked with small community banks and small mortgage companies in his part of Massachusetts, and as a title agent for two companies in particular: Fidelity National and First American. Now thats a notable disclosure. As Adam Levitin points out, Fidelity National is the former parent company of LPS, one of the worst offenders in the foreclosure fraud industry.

CA Man Charged With Operating A Multimillion Dollar Foreclosure Rescue Scheme Alan David Tikal, 44, of Brentwood, Contra Costa County, Calif., was arrested on Friday at his home on a complaint charging him with mail fraud for masterminding a multistate scam that defrauded According to the distressed homeowners. complaint filed in federal court in Sacramento, Tikal has victimized more than 1,000 homeowners, who have paid in excess of $3.1 million. According to court documents, beginning in January 2010 and continuing to the present.

The Case Against Allowing MERS To Initiate Foreclosure Proceedings CONCLUSION Whether foreclosure law and the recording system should be reformed is a valid question. But it is one that should be answered by legislatures, not by the mortgage industry.174 While the MERS system may be a commercially effective means of business,175 it runs afoul of established foreclosure law, and courts should rule accordingly. As one court put it, [t]he [lending] institutions seem to adopt the attitude that since they have been doing this for so long, unchallenged, this practice equates with legal compliance. Finally put to the test, their weak legal arguments compel the Court to stop them at the gate.176
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