Wednesday, February 25, 2009

Ponzi Schemes, Ski Masks, Uzis & The "Standing-Lacking" Foreclosure Interlopers

In Jacksonville, Florida, The Florida Times Union recently ran a story that contained this observation about foreclosing lenders from attorney April Charney, head of foreclosure defense with Jacksonville Area Legal Aid:

  • [B]anks, investors, securitized trusts filled with home loans, rating organizations and others - all, according to Charney, were involved in and continue to facilitate a Ponzi scheme in which originating lenders did not transfer loans legally. In many cases, she says, the foreclosing entity has neither loaned money to a homeowner nor collected any payments.

  • "These court interlopers might as well be wearing a ski mask and carrying an Uzi for as much right as they have to force homeowners out of their homes," Charney said Wednesday.

***

  • Charney travels across the country, training other lawyers in how to stop foreclosures. She said she has trained at least 1,500. "Even judges are getting it now," she says. "In a case in California, the judge told the plaintiff, 'You can't even show me why you're here.' "(1)

For more, see 'Interlopers' in mortgages find foe in Legal Aid (April Charney fights shady lenders to help residents save homes).

For posts that reference the failure of mortgage lenders and their attorneys to file the proper paperwork when bringing foreclosure actions, Go Here, Go Here, Go Here, Go Here, Go Here, and Go Here.

(1) Apparently, the "Rocket Docket - judicial rubber-stampers" blasting their way through foreclosure actions at the Lee County, Florida (Fort Myers) courthouse have yet to get the memo. See:

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