Welcome to The Home Equity Theft Reporter, a blog dedicated to informing the consumer public and the legal profession about Home Equity Theft issues. This blog will consist of information describing the various forms of Home Equity Theft and links to news reports & other informational sources from throughout the country about the victims of Home Equity Theft and what government authorities and others are doing about it.
Sunday, August 04, 2013
Florida Foreclosure Mill Head Reaches Deal With State Bar, Accepts 91 Day Suspension, Coughs Up $35K+ In Connection With Outfit's Activities Relating To Bankster Robosigning Racket
The South Florida Business Journal reports:
Marshall C. Watson, one of the original “robo-signing” attorneys, has been suspended for three months as part of an agreement with the Florida Bar.
Watson was one of 11 attorneys in South Florida disciplined in the latest action by the Florida Supreme Court.
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Watson agreed to plead guilty in a proposed consent judgment that accused him of failing to supervise or train his employees in foreclosure-related work. Watson also paid $30,000 for a record-keeping analysis by the Bar, plus $5,931 for its investigation.
Watson ran a so-called foreclosure mill – Law Offices of Marshall C. Watson – where it became common practice to rush thousands of foreclosures through with quick review and sign-off to attest to accuracy of documents, leading to the coining of the phrase “robo-signing” in the media.
CBC News: Betrayal of Trust (A CBC investigation reveals how lawyers across Canada have misappropriated and mishandled clients money, to the tune of tens of millions of dollars, or sometimes even charging vulnerable people top dollar for shoddy services)
Land Contract/Contract For Deed/Rent-To-Own Rackets
The New York Times: The Housing Trap (In the wake of the housing crisis, low-income families have turned to seller financing to buy homes but these deals can be a money trap)
Beware The Fine Print: Consumers Forced To Sign Away Their Rights To Use Court System
The NY Times: Arbitration Everywhere, Stacking the Deck of Justice(Part 1 in series examining how clauses buried in tens of millions of contracts have deprived Americans of one of their most fundamental constitutional rights: their day in court)
Foreclosure Mills' Abysmal Record In Complying With New NYS Foreclosure Requirements
Justice Deceived: How Large Foreclosure Firms Subvert State Regulations Protecting Homeowners
MFY Legal Services Report On Questionable Practices By Process Servers In Debt Collection Cases
Justice Disserved: A Preliminary Analysis of the Exceptionally
Low Appearance Rate by Defendants in Lawsuits Filed in the Civil Court of the City of New York
Mortgage Mess Redux: Robo-Signers Return (A Reuters investigation finds that many banks are still employing the controversial foreclosure practices that sparked a major outcry last year)
CNN Video: As Foreclosures Mount, Florida Court Turns To 'Rocket Docket'
The Wall Street Journal: A Florida Court's 'Rocket Docket' Blasts Through Foreclosure Cases (2 Questions, 15 Seconds, 45 Days to Get Out; 'What's to Talk About?' Says a Judge)
"Produce The Note" Strategy When Dealing With Missing Promissory Notes In Foreclosure Actions
ABC Video: Fighting Against Foreclosure (Some homeowners have found a new tactic to keep the banks at bay)
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