bank foreclosure

There has been evidence here and there of a marked fall in new foreclosure filings. Lender Processing Services, which handles more than half of the loans serviced in the US, said its revenues in its Default Services Group were down in the final quarter of the year. Why? Its revenues are tied to initial foreclosure filings, and its were off 33%, no doubt in large measure due to the robo signing scandal. Recall that it led many banks to halt foreclosures (some all over the US, others in judicial foreclosure states only) while they inspected the state of play and scrambled to revamp procedures. Banks piously claimed that they found no problems in the correctness of foreclosure actions and that ex making the changes needed to assure affidavits were proper, they were going to be back to business as usual post haste.

Now we already know that that isn’t the case. Since the robosigning scandal broke, foreclosure activity has been down. RealtyTrac reported that foreclosures in January were up only 1% over December levels, which was down 17% from the year prior.

But RealtyTrac captures every foreclosure filing in that particular report, so it is a mix of new foreclosure filings plus additional filings for foreclosures already underway (the number of filings required varies by state, but the minimum number is three, and the number can also be increased if a borrower gets a foreclosure suspended, say by entering into a payment catchup plan, and then has the process restarted later on).

Lynn Syzmoniak of Fraud Digest provides a snapshot for January 1 through January 26 in two counties in Florida, Lee County and Palm Beach County:

Her tally for US Bank over the same period covered only Lee County, but showed similar results: 42 new foreclosures for 2011 versus 143 for 2010.

Now merely eyeballing this sample, and assuming it is representative of Florida (Syzmoniak says other counties show similar patterns), it’s clear the decline is bigger than the 33% fall that LPS mentioned for the fourth quarter of 2010 or the 17% figure from RealtyTrac.

There are reasons why Florida might show a steeper fall than other states. First, the state AG has been investigating all the major foreclosure mills in the state. Some, like the Law Offices of David Stern, have effectively folded. So there could be a bit of disarray simply due to the loss of some processing capacity.

Second, Florida, like New York, has implemented a rule requiring that attorneys verify information provided in foreclosures. That might seem to be merely ceremonial, since lawyers are already responsible for the accuracy of information provided to the court. But I am advised that this measure is more than mere belt and suspenders; it apparently would have the effect of lowering the bar for opposing counsel calling for Rule 11 sanctions if he thought the foreclosing attorney was submitting bogus documents or information. That rule did became effective February 11, 2010 (hat tip Lisa Epstein), and the foreclosure mills have tried to escape compliance. I’d imagine in the wake of the robo signing scandal, their clients are becoming less tolerant of this sort of thing.

If this pattern holds across at least across judicial foreclosure states, it suggests what we have long argued: that failures to convey loans as required by securitization documents are widespread, if not pervasive. Now that servicers and foreclosure mills are finding that a lot of judges no longer take them at their word, which means they increasingly have to provide documentation, they may be finding that a lot of their records do not pass muster. And while document fabrication was once an easy way out, that strategy is a lot riskier than it used to be.

Reader input welcome. Do you have any local data on the level of new foreclosures in 2011 versus same period 2010?

"No TKO's will be accepted"

~

Check out this letter sent from "Foreclosure Stoppage" Attorney George Babcock to opposing counsel Mark Harmon...

Dear Mr. Harmon,

Please 
be advised  that  I have been retained by Mr. Conley  regarding  the
notice of illegal foreclosure  you mailed  to him on February 4, 2011.
The chain of title to this properly and  the note is like a walk down 
the yellow  brick road.  Is Harmon  Law the Wizard of Title? You
display  extreme  indifference to the law by noticing a foreclosure  on
this property. As you know,  I take great pride in defending my
clients  against  the evil forces that guide your actions. Mr. Conley 
is a personal friend. It is my intention to be even more pugilistic in
this matter.  It is disgusting  and  I will make sure  that whoever 
violates  his property rights is knocked out of the ring. No TKO's will
be accepted. A full  fledged,  right cross to the chin of the beast.

I
look  forward to a response although  I am quite certain  you will not
engage me as is your habit. Send your minions that  I may  lay waste 
to them before me.

I hope  that this letter  is circulated  as
has been your habit in the past. I like my enemy  to know  that I am at
its doorstep.

Very  truly yours,

George  E. Babcock, Esquire

Actual letter below...

But first, some background on Mark Harman...

AG investigating Newton law firm's foreclosure work

Harmon
Law Offices, a Newton firm that specializes in foreclosures, is being
investigated by the state attorney general's office for allegedly
unlawfully evicting residents from bank-owned properties.

State
officials want to determine whether Harmon Law failed to comply with a
new Massachusetts law that protects tenants living in foreclosed homes
from eviction, a spokesman for Attorney General Martha Coakley said
today. more here...

Plantation foreclosure company's director quits amid investigation ...

Mark
P. Harmon has resigned as a director at the Plantation foreclosure
processing company with ties to David J. Stern's law practice, as the
Massachusetts Attorney General said it is investigating whether
Harmon's firm illegally evicted tenants from repossessed homes in that
state.

Harmon's resignation, announced by DJSP Enterprises Inc.
on Monday, comes as the beleagured company said it is laying off
another 198 employees, bringing the total to 300 within the past two
weeks. more here...

For more on "Foreclosure Stoppage" attorney George Babcock click here...

 

4closureFraud.org

 

Foreclosure Fight Club Lawyer Letter

Surface Encounters proudly ensures buyer satisfaction and total price setting up granite assurance. “I’m generally skeptical heading with new suppliers, but your staff has designed me a believer!” - Steve, Indianapolis

Surface Encounters can be a fast-growing surface encounters corporation and, yet they have stored pace with every one of the modern customer referrals. “This company is probably the most economical, trusted and pleasant organisations with the entire state. I would advocate them to people.” - Mike R., South Bend

Many labor goes into developing attractive countertops from nature. The process incorporates laser measurement creative vein matching, precision diamond and water-jet cutting, edging and expert set up. A person won't be able to just contact within their buy for a customized countertop and also have it in per day or two. Outstanding usually requires time.

Surface Encounters encourages people to visit a showroom to discover far more about natural stone countertops. Aside from the collection and fabrication process, yet another critical component of purchaser care is making certain a person is aware how you can care for his or her granite countertop to help keep it searching new for many years to come.

Granite is usually a beautiful all-natural stone product or service that's a well-liked materials employed for countertops and floor tiles in kitchens and bathrooms. Granite has surpassed marble in reputation due to the fact is it much more long lasting and much easier to care for. Granite is unmatched by synthetic programs for its strength and sturdiness, tolerance to temperature modifications and resistance to stains and scratches.

Granite may be a effortlessly formed stone that is definitely quarried from deep while in the earth, harvested, reduce, polished, sealed and put in in houses to add splendor, elegance and model. Due to the fact it is a all-natural item, no two slabs are specifically alike. Granite is available in lots of colors from the different minerals which have been determined while in the rock. As it arrives from all over the entire world, diverse regions and environmental variables allow it to be distinct.

Granite is generally made up of quartz crystal, nonetheless it also includes different quantities of other metals together with feldspar, mica, copper and iron. Some granite may contain bits of gold or silver. The amount of just about every metal is dependent about the region it arrives from. All granite is shaped into a tricky stone by warmth and pressure. Rain adds other minerals since it is forming. It will be obtainable throughout the entire world, in every nation, and just about every area will develop a surface encounters one of a kind number of granite.

Surface Encounters state-of-the-art machinery assures the highest quality finished item as they layout and formulate a few of the best kitchens and bathrooms. Granite Countertops greatly enhance the warmth and magnificence of homes although raising their worth and improving upon lifestyles.

Surface Encounters is also worried with worker morale; happy personnel are even more most likely to contribute for the achieving success of the online business. In addition to getting a victorious organisation and one that could be awesome to perform for, Surface Encounters does their component to preserve our planet.

Surface Encounters does precisely what is best suited for his or her users, personnel as well as setting. Surface Encounters makes use of superior h2o recycling capabilities to recycle approximately 43,000 gallons of h2o every day. Moreover, one hundred % of the scrap generated in developing exquisite kitchens and wonderful baths is re-used as aggregate in road putting together, surface preparations and concrete.

The Columbus, Ohio Grand Opening of Surface Encounters options an art gallery showroom of Granite, Marble, Quartz and Engineered Stone counter tops. Retailer Supervisor, Scott Donnelly unlocked the doorways of the showroom at 4717 Roberts Street, just west on the I-270 Beltway. The Surface Encounters manufacturing process utilizes precision, automated technological know-how throughout the fabrication with the customer's customized counter leading, this kind of as: a laser measuring alignment that plans the diamond-tipped sculpturing blades. Surface Encounters' practice comprises computer-driven application that perpetuates the stone's normal veins. Every single Surface Encounter keep has at least one registered, interior designer to assist you in establishing the completed project you may be searching for. The craftsmanship continues with the

Home owners are choosing to remodel instead than offer their properties in today’s industry
Granite countertops are becoming a leading selection among Wixom customers for kitchen remodeling projects. Kitchen remodeling is usually the first challenge tackled with households investing 3,000 hrs or more each year in their kitchen. Granite countertops produce an natural environment that enhances the outstanding time spent with household and associates. Granite countertops last a lifetime and strengthen the high quality of real estate.

Surface Encounters Wixom keep supervisor, Sal Dellacasa, says there are numerous explanations buyers are deciding on granite for his or her countertop needs. “Granite countertops add attractiveness and elegance to a kitchen. Granite is accessible inside a number of vibrant colors and abundant textures and its strength and sturdiness is unmatched by every other healthy stone or artificial countertop substance.”

Surface Encounters’ customers like professional service including a friendly, useful workers to guidebook them through the kitchen remodeling method. Many of Surface Encounters new clientele are referred to them by preceding consumers.
"This service is probably the most inexpensive, dependable, and pleasant businesses from the total state. I would endorse them to anybody." Mike R. Clinton Twp., MI

"The business has often been there to help me in no matter what way doable. Thank you a lot!" David V. Lapeer, MI


Surface Encounters Macomb could be the property of half-off granite for kitchen and bathroom countertops. Granite countertops by Surface Encounters have fast develop into the top rated preference for Macomb residents who are remodeling their kitchens. Kitchen remodeling takes priority with families paying three,000 hrs or even more annually within their kitchen. Granite countertops give an environment that enhances the top notch time spent with loved ones and pals and better the excellent of real estate.

Surface Encounters Macomb keep supervisor, Sal Dellacasa, says there are numerous good reasons customers are deciding upon granite for his or her countertop wants. “Granite countertops add splendor and elegance to a kitchen. Granite is offered within a number of vibrant shades and wealthy textures and its strength and durability is unmatched by any other surface encounters all-natural stone or artificial countertop material.”

Surface Encounters’ people appreciate pro service as well as a friendly, effective workers to manual them through the kitchen remodeling plan. Quite a few of Surface Encounters new prospects are referred to them by preceding clients.