Tuesday, September 28, 2010

WOW MSM - Bloomberg - Article about MERS and Foreclosure Fraud - Says Class Action Suits Expected Against Servicers!

HOW COOL IS THIS!!!!!  Blooomberg has an article about Foreclosure FRAUD and how they Expect Class Action Suits against Mortgage Servicers.  Of course they don't say MERS, they would not dare, as none of the MSM has mentioned the Whole Thing of Mortgage Foreclosure FRAUD Stems from MERS!

Portion:

Two senior executives at mortgage servicers said their companies were bracing for more legal action contesting foreclosures because of the press attention. The executives requested anonymity because they weren’t authorized to speak. 

“I anticipate some people I know, possibly myself, are going to be involved in reopening these cases to get money for people who can’t get their houses back,” said Richard J. Burton, a Miami attorney who started the Foreclosure Project LLC, which provides legal representation to homeowners facing foreclosure. 

Burton said he expects that a class-action suit will be filed against GMAC and other lenders seeking damages and to stop foreclosures. GMAC hasn’t stopped foreclosures, only evictions related to them.

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