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.
Wednesday, August 12, 2015
Florida Attorney Voluntarily Surrenders Bar Ticket Amidst Multiple Probes Into His Role In "Mass Joinder" Mortgage Rescue Swindle That Scammed At Least 1,000 Homeowners Out Of $4.7 Million
In Tampa, Florida, the Tampa Bay Times reports:
A Tampa lawyer who helped swindle homeowners out of $4.7 million during the mortgage crisis has had his law license revoked by the state Supreme Court.
In July of 2014, the attorneys general for Florida and Connecticut filed a federal lawsuit alleging lawyer Ian S. Berger, along with several others, had scammed struggling homeowners by promising them they would receive loan modifications if they signed on to "mass joinder" lawsuits against their lenders.
At least 1,000 borrowers did. For this privilege, the firms typically charged them $6,000 in fees, plus an extra $500 a month in "maintenance" costs.
The firms did file lawsuits against the banks but, according to the complaint, they never applied for or obtained the hoped-for loan modifications. The groups made "no attempt to delay or stop foreclosure," for their clients.
In addition to targeting Berger and his Tampa firm, The Berger Law Group, the lawsuit named two other firms — Tampa-based Resolution Law Center and another Florida company called Litigation Law.
Last December, Berger settled, agreeing to pay $215,000 as an individual as well as about $1.1 million from his law firm.
Facing multiple investigations into his actions by the Florida Bar, he voluntarily petitioned Florida's Supreme Court to revoke his law license, a request the court granted. He will have the option to reapply for a license in five years.
In an email to the Tampa Bay Times, Berger, 37, said he had been led astray by the Resolution Law Group.
"I was led to believe the original lawsuit had merit and had only the best intentions from the beginning," he wrote. "I did the honorable thing by voluntarily surrendering my license. When I am able, I plan on compensating those that have been inadvertently harmed."
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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