The Home Equity Theft Reporter: S. Florida Foreclosure Mill Faces Civil RICO Charges In Suit Seeking Class Action Status; Allegations Include Manufacturing Phony Mortgage Assignments

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In Fort Lauderdale, Florida, the South Florida Business Journal reports:. Stephen Lalonde, 43, of Fort Lauderdale, was sentenced [last week] to five years in prison in connection with a $1.3 million mortgage.

Industry Letters Home Equity Theft Prevention Act February 1, 2007 To: The Institution. on their mortgage payments or the property is in foreclosure, including the. when approached by persons deemed “equity purchasers” who are seeking a. Real Property Law, and the Real Property Actions and Proceedings Law as a.

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h/t Home Equity Theft Reporter In September 2010, Residential Credit Solutions began rejecting Hammer’s monthly payments and refused to acknowledge the existence of the loan modification. RCS then proceeded to prosecute two separate foreclosure actions against Hammer, despite the fact that Hammer, still to this day, has tendered all of her monthly payments as required under the loan.

They proceeded to harass the “borrower” and then file suit in foreclosure, thus.. Is it really that unreasonable for homeowners to ask, in the face of a lawsuit for.. 1 mill a year I had a credit score of 720 and $130.00.00 in equity in my home.. Little FTC Act Violations, RESPA Violations, Florida State Law and RICO.

(b) The legislature declares that it is the express policy of the state to. means that the equity seller is two months or more behind in his or her mortgage payments.. pursuant to article thirteen of the real property actions and proceedings law;. the time of default or foreclosure that allows the equity purchaser to obtain legal.

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 · S. Florida Foreclosure Mill Faces Civil RICO Charges In Suit Seeking Class Action Status; Allegations Include Manufacturing Phony Mortgage Assignments.. who is seeking class action status and filed the suit on behalf of Oakland Park resident Ignacio Damian Figueroa.