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Foreclosure Defense Florida

NEWSFLASH—-Our entire housing system is built on a foundation of fraud…..

Well, that’s not really a newsflash to anyone that’s got a pulse and who has their eyes open.
The real issue is that nothing.   Absolutely nothing has been done to punish the wrongdoers.
In fact, they all continue to be handsomely rewarded.
Disgusting really.
Really disgusting.
From Huffington Post:
PROVIDENCE, R.I. — Former Wall Street bailout watchdog Neil Barofsky blasted the banking industry on Friday for inflicting a litany of abuses on American homeowners, and issued a withering critique of the Obama administration for protecting those same banks at the expense of homeowners.
“Our entire housing system is built on a foundation of fraud,” said Barofsky, who served as special inspector general for the Troubled Asset Relief Program from 2008 into 2011.
Barofsky’s comments came at a special panel on foreclosure fraud at this year’s Netroots Nation conference — an annual gathering of progressive bloggers and activists. Barofsky and white-collar crime investigator Lynn Szymoniak, Massachusetts foreclosure activist Malcolm Chu, and moderator David Dayen recounted foreclosure horror stories in which bank documentation is in such disarray that homeowners who have not even missed mortgage payments find themselves facing foreclosure. In thousands of other cases, the panelists emphasized, homeowners who do find themselves in financial trouble are unable to obtain any kind of relief from banks, even when aid would be less costly for investors than evictions. Meanwhile, in other cases, the banks rely on an entire cottage industry of forged signatures and fabricated documents to push through evictions.

One Comment

  • Maggie says:

    Although I am not a resident of Florida, I read your blog on a daily basis. I have a question that I just can’t seem to get an answer to and thought maybe you could help. Our foreclosure was voluntarily dismissed after a year long battle in NJ. We then sued our lender for servicer abuse/fraud/equity theft. The civil suit landed right back in the hands of the same foreclosure mill that handled the original foreclosure. Through discovery efforts we have our account activity reports and they show our servicer still believes we are an “active contested foreclosure, awaiting sheriff sale, on-hold due to NJ sate mandated hold.” I truly believe LPS and the foreclosure mill have hidden the dismissal from the servicer. I feel like we are battling an absentee defendant. We are thinking of filing an authority to represent motion but I know the attorney will just lie and say what he needs to say. I would be very grateful for your thoughts on this.

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