Posts Tagged ‘robo’

Robo-Motions: The New Robosigning Scandal

Thursday, August 16th, 2012

Robot Hand Recently, Jacquelyn Trask, one of my associate attorneys, won a motion to dismiss with the court reserving determination of our right to receive attorneys’ fees on a case that highlights a growing problem, the filing of “robo-motions.”

The unusual facts of the case demonstrate how dangerous robo-motions are: potentially much more dangerous than the heights scaled by the robo-signing scandal.
She won the motion to dismiss because the bank’s attorney filed a motion to reschedule a foreclosure sale and have an ex parte order entered.
What are ex parte orders, you ask?
Simply put, ex parte orders are an unusual exception to a fundamental rule upon which our legal system is based: notice.

Usually, whenever one side in a case files a motion or requests an order from a judge, the other side has to be notified before the judge rules on the motion so that both sides can present their arguments.

That way, everyone gets a fair hearing.

Seems pretty obvious right?

The General Rules of Ethics even goes so far as to say ex parte motions should be avoided at all costs, and should only be used when giving notice to the other side will seriously harm your client. The foreclosure mill attorney turned the rule sideways.

Why?

Because the judge in the case had previously entered a court order forbidding the foreclosure sale from taking place.


The bank was able to reschedule the foreclosure sale because its attorney filed an ex parte motion with a different judge
who knew nothing of the order. The attorney didn’t communicate with our firm, or as it turned out with the right judge as well, because it would harm the case, not because it would harm the client.
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Homeowner’s Super Bowl — Clock Winding Down on Robo-Signing Settlement

Monday, February 6th, 2012

Courtesy: New York Giants

The clock may have run out on this year’s Super Bowl (Way to go Giants!!) but there’s still a few minutes left in this year’s REAL grudge match, the Banks vs. the Attorney Generals.

It’s 4th and Inches, the score is tied, and it would be nice to avoid overtime.

Today we could learn whether the much-discussed robo-signing settlement with Wells Fargo, Bank of America, JP Morgan Chase, Ally Financial and CitiGroup will come to pass, and in what form.

With California AG Kamala Harris returning to the negotiating table, the deal looks closer than ever to being sealed. Harris, who represents the state with the largest amount of foreclosed homes, has rightfully been hesitant to sign off because her state has the most to gain, or lose, from this deal.

We were initially very hesitant to see this deal go through ourselves, but the time has come for it to put to bed.

Why?

Because we feel the deal in its current form does a lot. Does it help every single homeowner who’s underwater? Of course not. There is no deal that will.

But here is who it does help. The homeowners who have fought to keep their homes from day one, who were at the forefront of these legal challenges against the banks. Much of what we have learned about robo-signing and the lack of standing banks had to bring foreclosure, would not have come to light without these crusaders, and its time they got a reprieve.

In theory it also helps the responsible homeowners, the ones who paid their mortgages on-time and whose homes went underwater through no fault of their own. They too need to be rewarded.
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Foreclosure Fallout: Robo-Signing deal falls flat

Tuesday, January 24th, 2012

President Obama is likely to talk about this in tonight’s State of The Union Address, but we’re not going to wait that long.

With details of the proposed $25 billion settlement with the nation’s largest banks over the robo-signing fiasco now out in the public eye thanks to the Associated Press, we feel a large sense of disappointment.

There’s no question that this deal will change the mortgage industry for the better. Some homeowners will even have a much better chance of being able to restructure their loans when facing foreclosure under this deal.

No One’s Getting Their Keys Back

Yet, there are many out there who are going to feel little comfort with this agreement. Here’s what the deal is NOT going to do. It’s not going to put people who’ve lost their homes (again because of deceptive foreclosure practices) back in those houses, or give them any real financial security.

According to the deal, about 750,000 Americans, which by the way is about


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