For years we’ve been screaming in the wilderness about the systemic problems that exist in foreclosures and the mortgage servicing industry.
For years, many of our arguments and legal pleadings have been rejected or disregarded. (Surely these banks cannot be lying in the pleadings, not in this courtroom, not in this state!?) And still, the system continues.
Well, the allegations of fraud, widespread abuse, lies and systematic violations are no longer just conjecture, speculation or opinion of advocates and defense attorneys. After the testimony and admissions before the United States Senate, the allegations take on a whole other level of legitamacy.
The question now is how we are going to deal with this “new” awareness.
