Kentucky Law Journal Article Cites Accountability for Lawyers Who Wrote Securitization Documents

Posted on April 27, 2017 by Neil Garfield

“Back at the beginning of creating the false pyramid of “Securitization” 9 lawyers in the New York metropolitan area resigned rather than contribute to drafting securitization documents. They all agreed that what was being requested of them was the drafting of documents to cover up a criminal enterprise. This article spells out part of the problem.”

 

The issue of attorney accountability for illegal or even criminal activities of their clients is as old as organized crime. The more money there is to be made, the more willing the lawyers are willing to rationalize their involvement. But when their conduct actually enables or promotes illegal conduct there should be (and actually there is) accountability for their illegal actions.

 

The problem is not just about the stealing from investors and applying the proceeds of “investments” to enable an illegal enterprise. It is also, as homeowners have long complained, that taking the attorney food chain as a whole, the prosecution of wrongful foreclosure where there was no evidence that their purported “client” knew of the foreclosure and no evidence that the “client” had any interest in the debt, note, mortgage or foreclosure.

 

“Although mortgage-backed securities (‘MBS’) and other financial products that nearly caused the collapse of the global financial system could not have been issued without attorneys, the legal profession’s role in the financial crisis has received relatively little scrutiny. This Article focuses on lawyers’ preparation of MBS offering documents that misrepresented the lending practices of mortgage loan originators. While attorneys may not have known that many MBS would become toxic, they lacked incentives to inquire into the shoddy lending practices of prominent originators, such as Washington Mutual Bank (‘WaMu”), when they and their clients were reaping considerable profits from MBS offerings. The subprime era illustrates that attorneys are unreliable gatekeepers of the financial markets because they will not necessarily acquire sufficient information to assess the legality of the transactions they are facilitating.”

 

 

Kentucky Law Journal Article Cites Accountability for Lawyers Who Wrote Securitization DocumentsIf you are in foreclosure or you have lost your home to foreclosure and you want to sue for mortgage fraud or foreclosure fraud, FRAUD STOPPERS PMA can help you save time and money, and increase your odds of success, with a court ready Quiet Title or Wrongful Foreclosure lawsuit package. If you have received a Notice of Default (NOD) or a Foreclosure Notice (Foreclosure Complaint) and you want to know how to respond to the Notice of Default (NOD) or a Foreclosure Notice (Foreclosure Complaint) call FRAUD STOPPERS PMA today because our prove system can help you fight to save your home from foreclosure fraud and/or mortgage fraud. Our court ready Quiet Title Lawsuit Package or Wrongful Foreclosure Lawsuit Packages includes a turnkey complaint (petition for damages), Bloomberg Securitization Audit, Expert Witness Affidavit, Application for Temporary Restraining Order (to stop a foreclosure sale or stop an eviction), Lis Pendens (to cloud the marketability of the title to the real property), and Pro Se education material that can show you how to win a Quiet Title Lawsuit or win a Wrongful Foreclosure Lawsuit. This entire court ready Quiet Title Lawsuit Package or Wrongful Foreclosure Lawsuit Package is only $1495 and can help you save thousands of dollars in legal fees and help you increase your odds of success. For payment options or more information on this court ready Quiet Title Lawsuit Package or Wrongful Foreclosure Lawsuit Package please contact FRAUD STOPPERS PMA today at 844.372.8378 or open a case file for a Free Mortgage Fraud Analysis and Bloomberg Securitization Search to see if your current mortgage loan situation qualifies for a Quiet Title or Wrongful Foreclosure lawsuit here: https://www.fraudstoppers.org/free-mortgage-fraud-analysis/

 

 

For information on foreclosure defense call us at 800-459-1215. We offer litigation support, admissible evidence, expert witness testimony, education, training, and support in all 50 states to attorneys and pro se homeowners.

 

 

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  • FRAUD STOPPERS Private Members Association Membership
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  • Potential Cause of Action Consultation
  • Federal Debt Validation Letter(s)
  • Error Resolution & Information Request (ERIR) Letter
  • Qualified Written Request (QWR) Letter
  • Federal TILA Rescission Letter
  • Tort Letter to Stop Foreclosure Sale
  • Bankruptcy Package
  • Bonus Reports
  • Federal FDCPA Complaint
  • Securitization Audit
  • Mortgage Forensic Audit
  • Chain of Title Analysis
  • Turnkey Compliant
  • EXPERT WITNESS AFFIDAVIT
  • Robo Signing Analysis
  • Temporary Restraining Order
  • Lis Pendens
  • Expert Witness Testimony
  • How to Win in Court Pro Se Education Course
  • Pro Se Litigation Support
  • Mediation Negotiation Settlement Services
  • BUY NOW
  • PMA Membership

  • $295

  • FRAUD STOPPERS Private Members Association Membership
  • Mortgage Fraud Analysis
  • Potential Cause of Action Consultation
  • Federal Debt Validation Letter(s)
  • Error Resolution & Information Request (ERIR) Letter
  • Qualified Written Request (QWR) Letter
  • Federal TILA Rescission Letter
  • Tort Letter to Stop Foreclosure Sale
  • Bankruptcy Package
  • Bonus Reports
  • Federal FDCPA Complaint
  • Securitization Audit
  • Mortgage Forensic Audit
  • Chain of Title Analysis
  • Turnkey Compliant
  • EXPERT WITNESS AFFIDAVIT
  • Robo Signing Analysis
  • Temporary Restraining Order
  • Lis Pendens
  • Expert Witness Testimony
  • How to Win in Court Pro Se Education Course
  • Pro Se Litigation Support
  • Mediation Negotiation Settlement Services
  • BUY NOW

 

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If you or anyone you know is facing foreclosure, or has already lost a property to foreclosure, and want to sue for mortgage fraudforeclosure fraud, wrongful foreclosure, or quiet title to your home FRAUD STOPPERS PMA can help you save time and money and increase your odds of success getting the legal remedy that you deserve. If you have received a Notice of Default (NOD) or a Foreclosure Notice (Foreclosure Complaint) and you want to know how to respond to the Notice of Default (NOD) or a Foreclosure Notice (Foreclosure Complaint) join FRAUD STOPPERS PMA today because FRAUD STOPPERS has a proven system to help you fight to save your home from foreclosure and sue for mortgage fraud. FRAUD STOPPERS turnkey Quiet Title Lawsuit package or Wrongful Foreclosure Lawsuit package includes a court ready complaint (petition for damages), Bloomberg Securitization Audit, Expert Witness Affidavit, Application for Temporary Restraining Order (to stop a foreclosure sale or stop an eviction), Lis Pendens (to cloud the marketability of the title to the real property), and Pro Se legal education material that can show you how to win a Quiet Title Lawsuit or win a Wrongful Foreclosure Lawsuit. This entire court ready Quiet Title Lawsuit Package or Wrongful Foreclosure Lawsuit Package can help you save money in legal fees and help you increase your odds of success. Join FRAUD STOPPERS PMA today and get mortgage fraud analysis and the facts and evidence you need to get the legal remedy you deserve at www.fraudstopper.org/pma

 

 

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