Foreclosure Industry Says It'll Do A Better Job Of Screening Its Workers After Widespread Break-Ins

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Foreclosure Industry Says It’ll Do A Better Job Of Screening Its Workers After Widespread Break-Ins

Foreclosure Industry Says It’ll Do A Better Job Of Screening Its Workers After Widespread Break-Ins

Sounds a lot like how some ex-convicts became active as licensed mortgage brokers. No one is paying attention to anything relating to the finance industry.

HuffPo-

After hundreds of lawsuits and thousands of complaints, banks are finally pushing for reform in one of the darkest corners of the housing market. Under new guidelines expected to be adopted this year by most of the industry, the workers that watch over millions of homes in default or foreclosure will be subject to heightened levels of background checks.

The measures are meant to screen out people convicted of a criminal offense, such as theft or fraud. They follow widespread allegations, first reported by The Huffington Post, that the handymen and home inspectors that banks hire to look after vacant properties are breaking into still-occupied homes, and looting them of valuables. Some of these people, who work indirectly for the banks through a web of contracting companies, have lengthy criminal records.

“The intent is to give communities a high level of confidence that the people walking around in homes are not going to cause problems,” said Eric Miller, the executive director of the National Association of Mortgage Field Services, the trade association that helped design the new standards.

[HUFFINGTONPOST]

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3 Responses to “Foreclosure Industry Says It’ll Do A Better Job Of Screening Its Workers After Widespread Break-Ins”

  1. There are no homes in default that need to be broken in to. All of the homes are in fraud closures in my book.

    In the 2007 (pre-crisis) certified Texas Supreme Court transcript of the “Meeting on Foreclosure Rules”, Michael Barrett (now deceased), of the Texas foreclosure-mill Barrett-Burke, Castle, Daffin & Frappier, admits that the mandated paperwork required to lawfully execute a foreclosure simply does not exist in 90% of the cases:

    “So finding a document that says, “I am the owner and holder, and I thereby grant to the servicer the right to foreclose in my name” is an impossibility in 90 percent of the cases.” (transcript page 27, line 16)

    document-creator-manThe remedy for when, as Mr. Barrett confirmed “There really isn’t such a document” (Page 27, line 8), was revealed by Judge Bruce Priddy (See State of Texas v. Judge Priddy D-1-GV-08-002311) when he added:

    “They just create one for the most part sometimes, and the servicer signs it themselves saying that it’s been transferred to whatever entity they name as applicant”. (page 28, line 10)

    First American Title added:

    “Well, the other problem — Judge, this is Tim Redding. The other problem that I see — and, Tommy, you and I talk about it regularly – that we have a bunch of servicers that are corporations or trusts attempting to foreclose on behalf of other trusts using a power of attorney, and I don’t think that’s really proper. I mean, we all kind of turn a blind eye to it, but I think that’s an issue that’s out there that somebody could use to potentially attack a foreclosure.” (p. 33, line 5)

    According to Mr. Barrett’s statements; that means 9 of every 10 foreclosure/eviction cases filed in Texas likely contain uttered documents, a/k/a state jail felonies. That is absolutely stunning! Many people might assume the Texas district attorneys, U.S. Attorneys, FBI, IRS, Texas Rangers, Secret Service, etc. would be investigating this multi-billion dollar criminal enterprise that has been operating in the state for close to twenty-years. But it appears the El Paso AG office is the lone ranger against this massive land grab and transference of wealth, and they don’t seem to want anyone to know. We applaud anyone who goes toe to toe with the banks, but where is the stipulated ‘remediation to homeowners’?

    The case against Countrywide

  2. Mario Cano says:

    Need help bank commited fraude

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