Posts Tagged ‘wall street journal’
America’s New Lost Decade and Occupy Wall Street is Tea Party With Brains…
Author: Matthew D. Weidner, Esq.
The coming Lost Decade is a backdrop for a wave of class warfare destined to trigger a historic revolution in American politics, bigger than the ‘29 Crash and Great Depression. Wall Street Journal
They’re wired and ready. They’re using YouTube and blogs. A newspaper, the Occupied Wall Street Journal, began publishing last week. They meet in the evenings in a “general assembly” to discuss tactics. Moreover, there are signs the Left Coast wants to get into the action. On Sunday a group called Refund California announced a series of protests throughout Los Angeles. On Monday, a teach-in took place aimed at bringing awareness to how Wall Street has worsened California’s budget problems. Wall Street Journal
Wall Street Journal- Local Judge Orders Examination of Process Service Fees- Warns of Jail!
Author: Matthew D. Weidner, Esq.
I’ve been screaming and now the world is catching on. Examine the fees alleged for Service of Process in all foreclosure cases. In the case I’m arguing today, how does the firm justify charging $475.00 for serving two summons? I would only expect the fee to be around $250 max. But then who really cares about a few hundred bucks here and there right?
Well, would you care if you and I and every taxpayer were paying those extra, unearned fees? Well, we are ladies and gentleman if those fees are passed along to Fannie and Freddie if they ultimately pay those fees as part of the post foreclosure REO sale. For reporters looking for the next story, start looking at every single Affidavit of Cost in a foreclosure case. Show that affidavit of cost to a legitimate Process Server and ask them what they would charge to serve the same summons.
WALL STREET JOURNAL ARTICLE HERE
NEWEST FORECLOSURE FRAUD AND LIES- CITIGROUP
Author: Matthew D. Weidner, Esq.
We are all acutely aware by now that the entire subprime mortgage industry and the resulting collapse was a direct result of lies and fraud being committed by most of the players who are now throwing themselves into our local courts and demanding that our courts churn out foreclosures as fast as they can. (Get ready for a very big case of, “be careful what you ask for” because once the courts get cranked up to start churning all these foreclosures out, the banks are not going to like the end product…they’re soon going to be screaming to stop all the rocket dockets, but that’s a whole ‘nother blog.)
For now, pay close attention to stories of all the outright fraud that was being committed on all the investors in the subprime catastrophe. Keep in mind that the players who are admitting guilt in the fraud are benefiting from new federal largess in the HAMP modification scam, where the servicers and lenders are paid for each HAMP review, whether they actually provide a modification or not.
From Today’s Wall Street Journal, Citi Pays for Subprime Feint
The question presented by all this is..
SHOULD OUR JUDGES CONTINUE TO GRANT FORECLOSURES AND REWARD THE IMPROPER BEHAVIORS OF THOSE THAT CAUSED THE COLLAPSE?
Another Day, Another Set of Serious Allegations Against David J. Stern
Author: Matthew D. Weidner, Esq.
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?
Wall Street Journal Picks Up on Florida Default Law Group Investigation!
Author: Matthew D. Weidner, Esq.
Well, now the tide really is turning….maybe all this SCREAMING ABOUT—FRAUD is starting to get someone’s attention.
The Wall Street Journal has picked up on the story…..after it was reported here, Foreclosure Hamlet and 4closurefraud, first!
Foreclosure Lawyers Face New Heat In Florida
By Amir Efrati
These are precarious times for lawyers in the business of filing foreclosure cases for banks. This is particularly true in one of the epicenters of the foreclosure crisis, Florida.
As we’ve noted before, the feds in Jacksonville recently started a criminal investigation of a company that is a top provider of the documentation used by banks in the foreclosure process. And a state-court judge ruled that a bank submitted a “fraudulent” document in support of its foreclosure case. That document was prepared by a local law firm.
For more Law Blog background on the foreclosure mess in our nation’s courts, this post will help.
The news today: the Florida Attorney General’s office said it has launched a civil investigation of Florida Default Law Group, based in Tampa, which is one of the largest so-called foreclosure-mill law firms in the state.
According to the AG’s website, it’s looking at whether the firm is “fabricating and/or presenting false and misleading documents in foreclosure cases.” It added: “These documents have been presented in court before judges as actual assignments of mortgages and have later been shown to be legally inadequate and/or insufficient.”
The issue: judges are increasingly running into situations in which banks are claiming ownership of properties they actually don’t own. Some of them end up chewing out the lawyers representing the banks.
The AG’s office said Florida Default Law Group appears to work closely with Lender Processing Services — the company we referenced earlier that is being investigated by the Justice Department.
LPS processes and sometimes produces documents needed by banks to prove they own the mortgages. LPS often works with local lawyers who litigate the foreclosure cases in court. Sometimes those same law firms produce documents that are required to prove ownership.
We’ve reached out to Florida Default Law Group and LPS and will let you know if we hear back.
Keep up the pressure people and keep documenting the fraud, questionable documents and unethical practice…..with all of this mounting evidence circulating, building, crushing.
With the ROAR of questionable practices now public….HOW CAN JUDGES KEEP GRANTING SUMMARY JUDGMENT?
MORATORIUM ON FORECLOSURES!
The Government and Fat Cat Bankers Conspire Against Us
Author: Matthew D. Weidner, Esq.
In Sunday’s Wall Street Journal, James Thorner reports what many of you already know….The Federal Government is doing next to nothing to help solve the foreclosure crisis. If you’ve tried to get a modification, you know the drill…YOU CAN’T GET ONE!
In fact, of the hundreds of thousands of good people in the Tampa Bay area who need help, only 3,653 have qualified. The article reports that nearly twenty percent of mortgages in the Tampa Bay area are 90 days late…and that number is low. So the modifications are a drip drop in a big fat bucket. Read the full story here. James Thorner got it right in the headline, Mortgage Shell Game.
It’s a game being played against the American people. The Fat Cats bet against the American people and the feds continue to reward and prop up there bets. Read the Wall Street Journal Article here. Goldman Sachs isn’t the only one…..they all bet against us and committed massive fraud….they are continuing to be rewarded.
Our only hope: Convincing circuit judges and state legislators not to reward the continued systemic fraud against the American / Florida people.
Remember, Foreclosure Courts are Courts of Equity…..that has profound significance in the long-term fight.
