Since the foreclosure crisis began, myself and a chorus of responsible, ethical attorneys have been screaming at the top of our lungs to judges and anyone else that might listen…
HOW IN THE WORLD CAN YOU CONTINUE TO LET ALL THIS FRAUD CONTINUE TO BE COMMITTED?
DON’T YOU UNDERSTAND THAT FRAUD IN THE FORECLOSURE PROCESS IS GOING TO WREAK HAVOC ON THE REAL ESTATE MARKETS AND COURTS FOR DECADES TO COME?
EVEN IF YOU PUSH FORECLOSURES THROUGH NOW, THE TITLE TO PROPERTIES FROM FORECLOSURES GRANTED IN THIS PERIOD WILL HAVE LITTLE OR NO VALUE!
and finally
THE TITLE INSURORS WHO ARE UNDERWRITING TITLE POLICIES WILL GO BANKRUPT AND TITLE INSURANCE WILL BE WORTHLESS!
Our realtor friends are starting to catch on…read the following article which is quite chilling…
-by George Mantor

It isn’t important to only those in foreclosure. For those seeking loan modifications, potential buyers of short sales and foreclosures and those acting in a fiduciary capacity on their behalf, you may soon be demanding, ” Show me the note.”
I’ve had numerous discussions with attorneys, and with real people, that understand the shattering of centuries of property law. This fellow most of the highlighted cases and seems to have drawn the right conclusions (Deutsche v McRae in New York state courts, and Wells v Jordan in Ohio state courts are certainly worthy of mention).
Yep, decades to come.
Mr. Weidner,
There is a new certification in town for real estate agents who specialize in “distressed properties” – Certified Distressed Property Expert . Maybe they ought to be aware that any purchaser of a foreclosure or short sale is buying the property without a proper chain of title.
Interestingly, in an effort to save a bit of my credit, I placed my home on the market. The agent I hired became a CDPE in the middle of the contract term with him. He then tried to talk me into a short sale and/or deed in lieu but told me that I would have to bring at least $10-15k to the table as payment for the closing costs. I then told him that I had rescinded the loan, to which he replied, that was impossible and I could not do that. According to his website, the bank is supposed his fees.
Alina puts it well. I have an agent that (to me) seems pretty legit and she seems to be doing reasonably well, who also just got “certified” as a like I don’t know, “short sale expert” or something like that…maybe it was a CDPE…all by taking a day-long Realtor class (this is in Massachusetts) and getting the certificate.
What a joke. The whole game has changed, and few know the new rules or are willing to learn them. While I can see sporadic lawsuits being brought down the road when some realize their foreclosure was illegal and shouldn’t have happened, most people rolled over and gave up long ago.
These FC’s are being rubber-stamped through the recorder’s offices, because it’s easy filing fees for them. No one there wants to try and hash out hundreds, if not thousands of properties in their area to see if things were legit or not.
Let me get this straight, homeowners who rightfully and knowingly have signed a contract and a legal promissory note are now blaming the banks for their unwillingness to pay back the loan. They are scamming banks by saying ” show me the note.” You knowingly under your own content signed a promissory note to pay back the loan. Hence that is a legal contract, a PROMISE. Who cares where the note was sold. I don’t care if a pile of dirt owns the note, you have a legal obligation and contract to pay back the note or you should go through foreclosure. What a scam, you should not have the right to get a loan! You know you owe money on a loan, yet you try and intentionally deceit the lender by saying ” show me the note”. Last time I checked that is fraud: intentional deception made for personal gain!