We have been warning judges for years now that the fraud a declining few are content to ignore in foreclosure courtrooms is just the tip of the iceberg. It took some time for most of them to believe or comprehend the magnitude of what we were saying, but the vast majority that I see now really get it.
The LIBOR scandal should draw a very fine circle around all the abuse..and the damage to you and I in foreclosure ….and frankly every single one of us since LIBOR impacts what we pay for everything from flushing the toilet to our car payment….could not be more clear.
LIBOR IS A MASSIVE FRAUD THAT IS A DIRECT, FIRST PARTY DEFENSE FOR HOMEOWNERS AND CONSUMERS
Any note tied to a LIBOR should be challenged based on fraud. No foreclosure with a LIBOR loan should be allowed to continue.
We’re working out the counter claims and defensive pleading right now….and when it hits we’ll hit it strong and hard……stay tuned.