Foreclosure and Collection Mills Violating Multiple Laws and Rules


Livinglies's Weblog

see http://www.insidearm.com/daily/debt-collection-news/debt-collection/oral-arguments-in-cfpb-v-hanna-suggest-long-road-ahead/

Wall Street investment banks have distanced themselves from the loan originations and further distanced themselves from the purchase and sale of loans. The lawyers who represent the players in the chain have succeeded, up till now, in distancing themselves from the collection and enforcement practices emanating from their own firm. The CFPB has filed suit against a law firm for violating the laws regarding these “services”. It turns out that the very thing that the lawyers were seeking to accomplish is illegal. What a surprise.

The lawyers, knowing that the loans and the transfers of the loan were riddled with fatal defects, use non-lawyer personnel to process the enforcement or collection. That way, they reasoned, nobody can say that they did anything wrong because they didn’t do it. But it turns out that allowing your personnel to make it appear that the contact is with a lawyer is…

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About Here and Now

I rant about issues concerning foreclosure, real estate law and any topic of interest. Normally my day job is Fashion and Costume Design. I like writing and reading interesting subjects.
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2 Responses to Foreclosure and Collection Mills Violating Multiple Laws and Rules

  1. jtxmisc says:

    Makasih atas infonya , Adria

    Like

  2. jtxmisc says:

    info yang sangat menarik, sepertinya harus dicoba :) , Affleck

    Like

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