Matt Weidner – Fighting For The American People

Posts Tagged ‘real estate foreclosures’

A potent mix of frustration and anger is brewing once again in this country because the well-heeled monied interests, Fat Cat Bankers and Shyster Attorneys have once again gotten caught sticking it to normal Americans. Ignoring the rules with an arrogance that would be astonishing if we all were not so used to it by now.

In the midst of this brewing storm and calls from Congress and Attorneys General from several states, Florida’s top court, the Florida Supreme Court punched the whistle blowers straight in the face with a staff-level letter that essentially said,

“GO MIND YOUR OWN BUSINESS CONGRESSMAN, WE DON’T CARE ABOUT YOUR CONCERNS. CALL THE FLORIDA BAR, MAYBE THEY’LL CARE!”

(Not a peep out of the Florida Bar….yet. [Ever?])

Well now in an incredibly ironic turn of events, just days after the blow off letter was issued, the perpetrators of the fraud the Congressman complained of have been forced to acknowledge their misdeeds.  Trial court judges can ignore the problems, even the Supreme Court can ignore the problems, but the title insurance companies that are holding the bag for all of this have essentially confirmed what Congressman Grayson and Attorneys General from several states are complaining about.

The title industry is reeling, real estate is collapsing and there is a profound and pervasive crisis in confidence that has swept across this country because our courts have lost the respect they would have been entitled to had they taken an authoritative role in this crisis.  Instead, our courts (Trial, Appellate, Supreme) they’ve abdicated their responsibilities and turned the keys to the courthouses over to the Wall Street Fraudsters and their attorneys.  You see this everyday in the reckless, unfair and prejudiced Rocket Docket proceedings which are effectively run by the foreclosure mills, for the foreclosure mills.  Their attorneys don’t even bother to show up to hearings. Sometimes they call in by phone.  Sometimes, judges just enter Summary Judgments even when no one is there in person or on the phone.

Just think about this nugget.  I’ve been going to Summary Judgment Hearings for years now.  I’ve seen thousands of Summary Judgment hearings in courtrooms all across this state.  I cannot remember but a handful of cases where there was an attorney present for one of the foreclosure mills that actually had a copy of the case file with them.  That’s right.  They show up to court with nothing.  No file, no documents, no evidence.  At best they’ve got a spreadsheet, a print out from a computer.  And yet they stand there or call in demanding that the judges sign Orders throwing people into the streets.

THE REAL SCANDAL HERE IS THAT OUR JUDGES SIGN THOSE ORDERS…HUNDREDS OF THOUSANDS OF THEM

I want our press to see this and record this and broadcast this.  I want to see video cameras in these foreclosure rocket dockets. Shine the light on the empty-handed foreclosure mill attorneys or the no-show attorneys or the telephone attorneys. (How do we even know who’s on the phone?)

Let’s hope the press keeps up the heat on this, but no one will be able to put the lid on the bubbling cauldron of fraud, lies and deceit that are found in foreclosure courtrooms across this country anymore.

Things just keep looking darker for the former king of Florida foreclosures, David J. Stern.  This comes from the wire at Wall Street Journal…poor David J. Stern…..the following is taken directly from the press release:

The Briscoe Law Firm, PLLC and Cash Powers Taylor, LLP Announce the Investigation of Possible Breaches of Fiduciary Duties Against the Officers and Directors of DJSP Enterprises, Inc.

DALLAS, Jul 28, 2010 (BUSINESS WIRE) — The Briscoe Law Firm, PLLC, founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the law firm of Cash Powers Taylor, LLP are investigating potential legal claims available to purchasers of DJSP Enterprises, Inc. (“DJSP” or “Company”) /quotes/comstock/15*!djsp/quotes/nls/djsp (DJSP 3.95, +0.07, +1.85%) during the period of March 16, 2010 and May 27, 2010.

DJSP and certain of its officers and directors allegedly violated the Securities Exchange Act of 1934 by issuing materially false and misleading statements and failing to disclose certain facts known to them regarding the Company’s business and financial results. Specifically, on March 11, 2010, the Company issued statements assuring investors that it would continue to profit and earn revenue as usual, despite the Obama Administration’s efforts to curb real estate foreclosures. Additionally, the Company stated that DJSP would continue to be profitable in subsequent years and that its business would not be affected by the government’s involvement in the mortgage markets. However, in April 2010, when the Company’s largest clients began real estate foreclosure conversion systems, DJSP revenue from mortgage foreclosure began to substantially decline. As a result of defendants’ false statements, DJSP’s stock traded at artificially inflated prices during the Class Period.

If you currently own or purchased DJSP shares and would like additional information regarding this investigation or if you have information regarding the allegations against the company, please contact Patrick Powers at Cash Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at patrick@cptlawfirm.com, or The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.

The Briscoe Law Firm is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Cash Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

SOURCE: Cash Powers Taylor, LL

WITH ALL THESE SERIOUS ALLEGATIONS, HOW CAN OUR CIRCUIT COURT JUDGES CONTINUE TO GRANT FORECLOSURE?