Tuesday, October 12, 2010

Standing-Lacking Lenders To Bring In The 'White Shoes' To 'Pinch-Hit' In Effort To Clean Up Mess Created By Sloppy F'closure Mills In Contested Cases?

The Am Law Daily reports on an apparent move by standing-lacking lenders to roll out the white-shoe law firms to take over foreclosure actions in contested cases:
  • [A] review of state and federal cases filed in the last few weeks shows lenders are turning away from the "foreclosure mills" and to large law firms when homeowners fight foreclosure and challenge banks to prove their documents are legit. In Florida alone, the following law firms have popped in contentious foreclosure cases in which judges have ruled homeowners might be onto something: Morgan, Lewis & Bockius, Greenberg Traurig, Akerman Senterfitt, and Gray Robinson.

For more, see When Foreclosure Cases Get Tough, Big Firm Lawyers Step In.