Wow! This is really clever! I tip my hat to your creativity (or ChartPorn’s).
The only real issue is that it’s hard to get a sense of what are “normal” rates of spotty google maps. Sure, it looks like a lot, and all the news flow suggests that it is a lot, but what would it have looked like in 2004? I suspect that it would still be surprisingly spotty, even if it’s not quite like this.
I suppose one can look at the national foreclosure rate and try to “thin out” the dots based on how the present foreclosure rates compare with past ones. And yet, there is likely a spatial correlation between foreclosure rates and foreclosure locations that mean it’s not quite as simple as that.
gd Says:
December 9th, 2010 at 7:34 am
Miami Beach may be busy, but a quick look at wealthy areas outside Boston (Concord, Carlisle, Wayland, Weston) shows pretty clean. Even some Boomer/McMansion suburbs like Westford are fairly free, and the few there seem to be where I know some oldtime neighborhoods are, e.g. boarding houses converted to apartments around long-gone mill villages. The spots having cruddy condo conversion apartment buildings in good school districts (Acton) are clustered largely on those buildings. It’s not all 100%, but a clearer trend than I would have expected with a few minutes inspection. If I was a budding sociologist or economist, I’d have a lifetime of work on wealth distribution mapped out. There’ll be blood in the streets if the tea party rank and file ever figure out what’s really going on.
Hot Links: Christmas 1992 The Reformed Broker Says:
December 9th, 2010 at 8:00 am
You'll be blown away by the Google Maps view of Foreclosureland. (TBP)
Transor Z Says:
December 9th, 2010 at 8:12 am
The way it usually works here in Mass. is that, if you go to a foreclosure auction to buy RRE, it typically takes place right in front of the property. The bank’s rep usually starts the bidding at the outstanding mortgage balance plus $1. You have to do your homework to find places (a) you’re genuinely interested in buying and (b) that aren’t so underwater as to make it worth your while to bid. Note that there will probably be other potential buyers there with the same thought, a number of whom are experienced hands on the foreclosure purchase trail.
So the bank normally ends up buying back the property and hiring a custodial service to look after the place/make basic repairs while they hold onto it. The opportunity for good deals (at least here in Mass.) tends to be when the house then goes on the market as a REO. At that point, like any other seller, the bank has to adjust asking price until they start to get nibbles.
rktbrkr Says:
December 9th, 2010 at 8:13 am
The foreclosure dots are going to be heavy in areas where there were a lot of turnovers during the bubble years of peak prices, a big gated community in S FL that was sold out in the 2002-2007 timespan is going to be a sea of red.REO sales are largely corked up now but there will be a deluge soon, especially as the banks feel a squeeze on their cash flows – sort of a twisted version of a land rush
sorry for the double post, funny how Bernanke twists his description to suit his purposes, yes we have no bananas…yes we are not printing currency we are increasing the money supply which is effectively printing currency but no we are not literally printing currency – and you can trust us to know exactly when to reverse our policy of not actually printing currency…
Lee Adler Says:
December 9th, 2010 at 8:48 am
The New York Fed’s interactive mortgage and credit maps are fun.
http://data.newyorkfed.org/creditconditionsmap/
Mark E Hoffer Says:
December 9th, 2010 at 8:55 am
this is a nice example of ‘Data Analytics’..
hybrid these results with what this Co. (as ex.) http://www.asterdata.com/ does..
LSS: this, the GOOG Maps Mash-up is, in more ways than one, just, the ’30,000 ft.-view’.
If you thought robo signing was bad, you ain’t seen nothin’ yet.
The website 4ClosureFraud presents the gory details of a potential major new front in the foreclosure mess. A Pennsylvania foreclosure mill, Goldbeck McCafferty & McKeever, is accused by Patrick Loughren of allowing non-attorneys to file and prosecute foreclosures. A DailyFinance story gives the overview:
Two Pennsylvania cases, one state and one federal, have exposed new types of document problems in foreclosure cases. One of the cases has potentially transformative consequences for thousands of troubled Pennsylvania homeowners. At the center of each is the same law firm: Goldbeck McCafferty & McKeever (GMM)…
As long as a lawyer supervises foreclosure filings, and at least reads them before they’re submitted to the court, that is acceptable. But Loughren is suing because all three named partners of GMM, Joseph Goldbeck, Gary McCafferty and Michael McKeever, have admitted under oath — during depositions last September and in a separate case in December 2009 — that no attorney ever read the filings. The partners made clear that the practice has gone on for the past several years.
If Loughren prevails, this case will prove to be vastly more significant than robo-signing.
Robo signing, while a fraud on the court, does not necessarily invalidate the underlying legal action. Even a punitive judge is far more likely to take action against the lawyers involved in the robo signing or to reject the new corrected affidavits and require them to restart the foreclosure action afresh than dismiss the case with prejudice. Only if the affidavits or other documents were submitted in error would it inevitably disrupt the foreclosure, and in those cases, it OUGHT to present a problem to the party trying to foreclose.
The practice of law by non-lawyers is a far more serious matter. In Pennsylvania it is a crime. In the case against GMM and its apparently unsupervised paralegals, the plaintiff is seeking disgorgement of falsely billed “attorney’s fees”.
But even more important, the lack of attorney involvement would render the foreclosures void. Pennsylvania courts have found “proceedings commenced by persons unauthorized to practice law are a nullity”. Federal courts interpreting Pennsylvania law have supported this point of view.
If Loughren succeeds, the ramifications would be wideranging. For GMM foreclosures, it would cloud the title of the properties sold. The parties who lost their homes could seek recourse. It is unlikely they could reverse the foreclosures. As Bob Lawless noted at Credit Slips:
The law, however, strongly protects the finality of past foreclosure sales.
At first, these rules might seem unfair. Why should the law protect old court proceedings that have been tainted by mistake or, even worse, fraud? The answer, of course, is for the instrumental reason that a court system could not operate where every old judgment was open to attack. Losing parties will almost always feel the judge make a mistake or the opposing party misled the court through half-truths or outright lies. Before a court enters final judgment, procedural rules and court appeals are designed to maximize the possibility the truth will win out and to minimize the possibility of judicial error. The law imposes a very heavy burden on those seeking to attack final court judgments.
The same ideas strongly protect the finality of a court’s foreclosure judgment. The foreclosure judgment, however, is only an interim step to the ultimate disposition of the property at the foreclosure sale and the transfer of the deed. Now, third party rights will come into play, and the need for finality becomes even stronger. If foreclosure deeds were subject to attack, at worse we might have no bidders at the sale, and at best we would have drastically lower prices. Even if the successful purchaser at the foreclosure sale is the lender, it will be selling later to a third party, and we will have the same need for finality.
For these reasons, and not surprisingly, most every (or maybe even every–I’ll let someone else do the 50-state survey) state provides the strongest possible finality protections for deeds obtained through foreclosure sales.
But that does not mean the borrowers do not have other avenues. The logical targets are the foreclosure mills, and perhaps most important, the servicers and trustees. And per the lawsuit:
Plaintiff avers, on information and belief, that the “clients” of the non-lawyers – consisting of banks, loan servicers, REMIC trusts, and other creditors – are all aware that the non-lawyers are engaged in the unauthorized practice of law. The individuals employed at the entities (i.e., at the “clients”) all interact with the Non-Lawyer-Defendants on a day-to-day basis via e-mail and phone and they are aware that the Non-Lawyers are responsile for preparing, signing and filing these foreclosure cases and that the cases are being filed without attorney review.
Proving that the clients knew the paralegals were not supervised might be a stretch, but I suspect that the charge is accurate, particularly since as 4ClosureFraud points out, Bank of America was involved in a case where GMM staff admitted to the lack of attorney supervision and did nothing:
Loughren notes that in both cases involving the partners’ testimony about the practice, Bank of America (BAC) was the foreclosing bank. It was actually present during the December 2009 trial when the admissions were first made. Loughren points out that BofA’s representative at that trial, John Smith, is himself a lawyer, and so presumably understood the legal significance of GMM’s admission.
Other BofA employees surely learned about the practice too, given that the December case was an effort by the U.S. Bankruptcy Trustee to sanction both the bank and GMM for misconduct, and evidence submitted for it showed the involvement of “high-ranking” BofA people not normally involved in a foreclosure, such as its assistant general counsel.
So why is this such a big deal? Non-lawyers practicing law is impermissible in other states.
Most foreclosure mills are run on the same template: impossibly high staff to attorney ratios, 90 or 100 to every attorney. The ratios alone make meaningful supervision impossible. And this high leverage wasn’t due solely to partner greed. Some foreclosure mills, contrary to the laws of many states, had private equity funds as investors. And other foreclosure mills were keen to secure PE monies. So most industry incumbents had the same profile: an extraordinarily high staff to partner ratio, with standardized processes to maximize profits.
As a result, just as with the robo signers, it appears likely that documents were signed improperly. Matt Weidner has examples of signatures from an Ohio law firm by attorney Edward M. Kochalski that are so different that it is pretty implausible that one person signed them all. But here, the ramifications are far more serious.
The Loughren complaint looks solid and has detailed factual allegations.
Patrick J Loughren Complaint in Equity on Non-Attorneys Filing and Prosecuting Foreclosures
So where have the state bar associations been? It’s appalling that there have been no sanctions or disbarments over the robo signing scandal. We need to see some lawyers lose their licenses, or better yet, their freedom. Otherwise, it will be clear that the legal profession is siding with its meal tickets rather than the rule of law.
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
Bruman Says:
December 9th, 2010 at 7:11 am
Wow! This is really clever! I tip my hat to your creativity (or ChartPorn’s).
The only real issue is that it’s hard to get a sense of what are “normal” rates of spotty google maps. Sure, it looks like a lot, and all the news flow suggests that it is a lot, but what would it have looked like in 2004? I suspect that it would still be surprisingly spotty, even if it’s not quite like this.
I suppose one can look at the national foreclosure rate and try to “thin out” the dots based on how the present foreclosure rates compare with past ones. And yet, there is likely a spatial correlation between foreclosure rates and foreclosure locations that mean it’s not quite as simple as that.
gd Says:
December 9th, 2010 at 7:34 am
Miami Beach may be busy, but a quick look at wealthy areas outside Boston (Concord, Carlisle, Wayland, Weston) shows pretty clean. Even some Boomer/McMansion suburbs like Westford are fairly free, and the few there seem to be where I know some oldtime neighborhoods are, e.g. boarding houses converted to apartments around long-gone mill villages. The spots having cruddy condo conversion apartment buildings in good school districts (Acton) are clustered largely on those buildings. It’s not all 100%, but a clearer trend than I would have expected with a few minutes inspection. If I was a budding sociologist or economist, I’d have a lifetime of work on wealth distribution mapped out. There’ll be blood in the streets if the tea party rank and file ever figure out what’s really going on.
Hot Links: Christmas 1992 The Reformed Broker Says:
December 9th, 2010 at 8:00 am
You'll be blown away by the Google Maps view of Foreclosureland. (TBP)
Transor Z Says:
December 9th, 2010 at 8:12 am
The way it usually works here in Mass. is that, if you go to a foreclosure auction to buy RRE, it typically takes place right in front of the property. The bank’s rep usually starts the bidding at the outstanding mortgage balance plus $1. You have to do your homework to find places (a) you’re genuinely interested in buying and (b) that aren’t so underwater as to make it worth your while to bid. Note that there will probably be other potential buyers there with the same thought, a number of whom are experienced hands on the foreclosure purchase trail.
So the bank normally ends up buying back the property and hiring a custodial service to look after the place/make basic repairs while they hold onto it. The opportunity for good deals (at least here in Mass.) tends to be when the house then goes on the market as a REO. At that point, like any other seller, the bank has to adjust asking price until they start to get nibbles.
rktbrkr Says:
December 9th, 2010 at 8:13 am
The foreclosure dots are going to be heavy in areas where there were a lot of turnovers during the bubble years of peak prices, a big gated community in S FL that was sold out in the 2002-2007 timespan is going to be a sea of red.REO sales are largely corked up now but there will be a deluge soon, especially as the banks feel a squeeze on their cash flows – sort of a twisted version of a land rush
sorry for the double post, funny how Bernanke twists his description to suit his purposes, yes we have no bananas…yes we are not printing currency we are increasing the money supply which is effectively printing currency but no we are not literally printing currency – and you can trust us to know exactly when to reverse our policy of not actually printing currency…
Lee Adler Says:
December 9th, 2010 at 8:48 am
The New York Fed’s interactive mortgage and credit maps are fun.
http://data.newyorkfed.org/creditconditionsmap/
Mark E Hoffer Says:
December 9th, 2010 at 8:55 am
this is a nice example of ‘Data Analytics’..
hybrid these results with what this Co. (as ex.) http://www.asterdata.com/ does..
LSS: this, the GOOG Maps Mash-up is, in more ways than one, just, the ’30,000 ft.-view’.
If you thought robo signing was bad, you ain’t seen nothin’ yet.
The website 4ClosureFraud presents the gory details of a potential major new front in the foreclosure mess. A Pennsylvania foreclosure mill, Goldbeck McCafferty & McKeever, is accused by Patrick Loughren of allowing non-attorneys to file and prosecute foreclosures. A DailyFinance story gives the overview:
If Loughren prevails, this case will prove to be vastly more significant than robo-signing.
Robo signing, while a fraud on the court, does not necessarily invalidate the underlying legal action. Even a punitive judge is far more likely to take action against the lawyers involved in the robo signing or to reject the new corrected affidavits and require them to restart the foreclosure action afresh than dismiss the case with prejudice. Only if the affidavits or other documents were submitted in error would it inevitably disrupt the foreclosure, and in those cases, it OUGHT to present a problem to the party trying to foreclose.
The practice of law by non-lawyers is a far more serious matter. In Pennsylvania it is a crime. In the case against GMM and its apparently unsupervised paralegals, the plaintiff is seeking disgorgement of falsely billed “attorney’s fees”.
But even more important, the lack of attorney involvement would render the foreclosures void. Pennsylvania courts have found “proceedings commenced by persons unauthorized to practice law are a nullity”. Federal courts interpreting Pennsylvania law have supported this point of view.
If Loughren succeeds, the ramifications would be wideranging. For GMM foreclosures, it would cloud the title of the properties sold. The parties who lost their homes could seek recourse. It is unlikely they could reverse the foreclosures. As Bob Lawless noted at Credit Slips:
But that does not mean the borrowers do not have other avenues. The logical targets are the foreclosure mills, and perhaps most important, the servicers and trustees. And per the lawsuit:
Proving that the clients knew the paralegals were not supervised might be a stretch, but I suspect that the charge is accurate, particularly since as 4ClosureFraud points out, Bank of America was involved in a case where GMM staff admitted to the lack of attorney supervision and did nothing:
So why is this such a big deal? Non-lawyers practicing law is impermissible in other states.
Most foreclosure mills are run on the same template: impossibly high staff to attorney ratios, 90 or 100 to every attorney. The ratios alone make meaningful supervision impossible. And this high leverage wasn’t due solely to partner greed. Some foreclosure mills, contrary to the laws of many states, had private equity funds as investors. And other foreclosure mills were keen to secure PE monies. So most industry incumbents had the same profile: an extraordinarily high staff to partner ratio, with standardized processes to maximize profits.
As a result, just as with the robo signers, it appears likely that documents were signed improperly. Matt Weidner has examples of signatures from an Ohio law firm by attorney Edward M. Kochalski that are so different that it is pretty implausible that one person signed them all. But here, the ramifications are far more serious.
The Loughren complaint looks solid and has detailed factual allegations.
Patrick J Loughren Complaint in Equity on Non-Attorneys Filing and Prosecuting Foreclosures
So where have the state bar associations been? It’s appalling that there have been no sanctions or disbarments over the robo signing scandal. We need to see some lawyers lose their licenses, or better yet, their freedom. Otherwise, it will be clear that the legal profession is siding with its meal tickets rather than the rule of law.
bench craft company scam
Saudi Arabia - Fox <b>News</b> - David Letterman | Mediaite
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
Fox <b>News</b> “scandal”: They called the public option the “government <b>...</b>
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Small Business <b>News</b>: Changing The World With Entrepreneurship
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
bench craft company scam
Saudi Arabia - Fox <b>News</b> - David Letterman | Mediaite
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
Fox <b>News</b> “scandal”: They called the public option the “government <b>...</b>
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Small Business <b>News</b>: Changing The World With Entrepreneurship
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
bench craft company scam
Saudi Arabia - Fox <b>News</b> - David Letterman | Mediaite
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
Fox <b>News</b> “scandal”: They called the public option the “government <b>...</b>
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Small Business <b>News</b>: Changing The World With Entrepreneurship
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
bench craft company scam
Saudi Arabia - Fox <b>News</b> - David Letterman | Mediaite
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
Fox <b>News</b> “scandal”: They called the public option the “government <b>...</b>
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Small Business <b>News</b>: Changing The World With Entrepreneurship
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
bench craft company scam
Saudi Arabia - Fox <b>News</b> - David Letterman | Mediaite
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
Fox <b>News</b> “scandal”: They called the public option the “government <b>...</b>
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Small Business <b>News</b>: Changing The World With Entrepreneurship
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
bench craft company scam
Saudi Arabia - Fox <b>News</b> - David Letterman | Mediaite
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
Fox <b>News</b> “scandal”: They called the public option the “government <b>...</b>
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Small Business <b>News</b>: Changing The World With Entrepreneurship
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
bench craft company scam
Saudi Arabia - Fox <b>News</b> - David Letterman | Mediaite
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
Fox <b>News</b> “scandal”: They called the public option the “government <b>...</b>
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Small Business <b>News</b>: Changing The World With Entrepreneurship
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
bench craft company scam
Saudi Arabia - Fox <b>News</b> - David Letterman | Mediaite
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
Fox <b>News</b> “scandal”: They called the public option the “government <b>...</b>
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Small Business <b>News</b>: Changing The World With Entrepreneurship
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
bench craft company scam
Saudi Arabia - Fox <b>News</b> - David Letterman | Mediaite
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
Fox <b>News</b> “scandal”: They called the public option the “government <b>...</b>
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Small Business <b>News</b>: Changing The World With Entrepreneurship
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
bench craft company scam
Saudi Arabia - Fox <b>News</b> - David Letterman | Mediaite
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
Fox <b>News</b> “scandal”: They called the public option the “government <b>...</b>
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Small Business <b>News</b>: Changing The World With Entrepreneurship
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
bench craft company scam
Saudi Arabia - Fox <b>News</b> - David Letterman | Mediaite
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
Fox <b>News</b> “scandal”: They called the public option the “government <b>...</b>
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Small Business <b>News</b>: Changing The World With Entrepreneurship
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
bench craft company scam
Saudi Arabia - Fox <b>News</b> - David Letterman | Mediaite
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
Fox <b>News</b> “scandal”: They called the public option the “government <b>...</b>
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Small Business <b>News</b>: Changing The World With Entrepreneurship
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
bench craft company scam
Saudi Arabia - Fox <b>News</b> - David Letterman | Mediaite
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
Fox <b>News</b> “scandal”: They called the public option the “government <b>...</b>
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Small Business <b>News</b>: Changing The World With Entrepreneurship
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
bench craft company scam
Saudi Arabia - Fox <b>News</b> - David Letterman | Mediaite
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
Fox <b>News</b> “scandal”: They called the public option the “government <b>...</b>
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Small Business <b>News</b>: Changing The World With Entrepreneurship
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
bench craft company scam
Saudi Arabia - Fox <b>News</b> - David Letterman | Mediaite
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
Fox <b>News</b> “scandal”: They called the public option the “government <b>...</b>
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Small Business <b>News</b>: Changing The World With Entrepreneurship
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
bench craft company scam
Saudi Arabia - Fox <b>News</b> - David Letterman | Mediaite
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
Fox <b>News</b> “scandal”: They called the public option the “government <b>...</b>
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Small Business <b>News</b>: Changing The World With Entrepreneurship
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
bench craft company scam
Saudi Arabia - Fox <b>News</b> - David Letterman | Mediaite
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
Fox <b>News</b> “scandal”: They called the public option the “government <b>...</b>
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Small Business <b>News</b>: Changing The World With Entrepreneurship
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
bench craft company scam
Saudi Arabia - Fox <b>News</b> - David Letterman | Mediaite
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
Fox <b>News</b> “scandal”: They called the public option the “government <b>...</b>
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Small Business <b>News</b>: Changing The World With Entrepreneurship
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.
bench craft company scam
Saudi Arabia - Fox <b>News</b> - David Letterman | Mediaite
Here's an interesting tidbit we can thank jailed WikiLeaks founder Julian Assange for: according to cables included in the recent WikiLeaks document drop, informants have told diplomats at the U.S. Embassy in Saudi Arabia that American ...
Fox <b>News</b> “scandal”: They called the public option the “government <b>...</b>
On Oct. 27, the day after Senate Democrats introduced a bill with a public insurance option from which states could opt out, Bill Sammon, a Fox News vice president and Washington managing editor, sent the staff a memo. ...
Small Business <b>News</b>: Changing The World With Entrepreneurship
Want to change the world? Become an entrepreneur. Sounds too simple, too idealistic, right? Ah, but it's true. Entrepreneurs make change and in the small.