Monday, February 23, 2009
The Loan Ranger - New York Post
I recently posted about a similar case in Washington State.
Now, I see that this tactic is much more widespread...
Now, I see that this tactic is much more widespread...
Richard Wilner reports on foreclosures in the New York Post:
"'The loan servicers bringing most of the foreclosure actions in the country don't own the mortgages and have no standing to take away a person's home,' said the lawyer, April Charney, who has stopped scores of foreclosure actions in Jacksonville, Fla., where she works as a Legal Aid lawyer.
In essence, Charney has forced scores of plaintiffs in foreclosure actions in Jacksonville to admit they don't have legal ownership of the securitized mortgage they are trying to foreclose upon - stopping the home takeover battle in its tracks.
The strategy has spread virally around the country and now thousands of foreclosure lawsuits are sitting idly - in legal limbo."
