1) Today I lost a summary judgment hearing. I’ve got to tell you I’m sickened, not just for the sense of loss I feel, but more importantly for what I view as a real problem in the courtroom. My arguments were well founded and so were the dozens of other attorneys I saw in the courtroom, but we were all just shut down, denied. Summary Judgment Granted. I will post my Motion to Vacate/Reconsideration soon. The experience serves as a reminder to file all your objections (I filed two separate ones) and make sure you have a court reporter present. (I did) Even though I did, I took a straight up gut punch to the belly loss today and it stings….bad.
2) I’ve been saying from the beginning of this crisis that it will take bold and dramatic federal intervention to make a dent in this crisis. Reliable reports from a variety of sources report that a dramatic federal bailout of mortgages may be coming. Click here for that report.
3) Finally, new guidelines were issued by Fannie/Freddie that limit referral fees and relationships among and between the foreclosure mills and the companies providing services to the mills….I can only wonder how these new regulations (and restatement of existing regulations) will affect certain providers of non legal back end services such as oh, I don’t know DJSP Enterprises…(That’s the non-legal component of The Law Offices of David Stern) I can only wonder how this will impact the already tanking stock of DJSP…..click here for the FannieRelease.
And now back to my Motion for Rehearing/Motion to Vacate.