Tuesday, November 18, 2008

Sloppy Foreclosures Continue As Florida Homeowner Faces Actions From Two Different Plaintiffs Each Claiming To Own The Same Note & Mortgage

The Law Blog at The Wall Street Journal reports:

  • [F]or the legal beagles at so-called foreclosure “mills,” which do assembly-line lawyering for lenders and other mortgage owners, the crisis has meant lots of work but also woes, including sanctions and stern lectures from judges (examples here, here and here). Why are judges so frustrated? The increased volume is leading to mistakes and irregularities, which we’ve chronicled before.

  • Now comes the foreclosure case of Joanne Fredenburg, a widowed homeowner in Lehigh Acres, Fla., where real estate prices have plummeted. Last month Ms. Fredenburg was served with not one but two foreclosure lawsuits from two different plaintiffs that both claimed to own her promissory note and mortgage and said she owed them each more than $276,000. That, of course, is impossible. (Click here and here for the two complaints.)

For more, see Foreclosure Mess: Two Different Plaintiffs Claim to Own Same Mortgage.

Go here for other posts on sloppy foreclosures and assembly line lawyering. SloppyForeclosuresAlpha

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