Foreclosure Litigation Strategy Takes Aim at Seniors, Attorneys Say

, Daily Business Review

   | 7 Comments

Plaintiffs attorneys are catching defense lawyers off guard with this weird trick involving reverse mortgage foreclosures.

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What's being said

  • Greg B

    Once plaintiff‘s firm was on notice that the factual grounds for the suit did not exist, haven‘t they breached the rule of procedure requiring good faith basis for every pleading. Shouldn‘t defendant‘s attorneys also asked for sanctions in addition to attorney fees?

  • Gus Geezer

    Unfortunate victims here lose even if they "win" by facing legal expenses that are forced upon them. If legislation were passed requiring foreclosing lenders to pay triple punitive damages for each such foreclosure action that was dismissed, the practice would stop, defense attorneys would make a better living by taking 1/3 and plaintiff‘s attorney biz in this area would dry up faster than a puddle in the middle of an Arizona summer.

  • Gus Geezer

    Unfortunate victims here lose even if they "win" by facing legal expenses that are forced upon them. If legislation were passed requiring foreclosing lenders to pay triple punitive damages for each such foreclosure action that was dismissed, the practice would stop, defense attorneys would make a better living by taking 1/3 and plaintiff‘s attorney biz in this area would dry up faster than a puddle in the middle of an Arizona summer.

  • Gus Geezer

    Unfortunate victims here lose even if they "win" by facing legal expenses that are forced upon them. If legislation were passed requiring foreclosing lenders to pay triple punitive damages for each such foreclosure action that was dismissed, the practice would stop, defense attorneys would make a better living by taking 1/3 and plaintiff‘s attorney biz in this area would dry up faster than a puddle in the middle of an Arizona summer.

  • Gus Geezer

    Unfortunate victims here lose even if they "win" by facing legal expenses that are forced upon them. If legislation were passed requiring foreclosing lenders to pay triple punitive damages for each such foreclosure action that was dismissed, the practice would stop, defense attorneys would make a better living by taking 1/3 and plaintiff‘s attorney biz in this area would dry up faster than a puddle in the middle of an Arizona summer.

  • Bobby

    The great trading Emini S&P buddies are here. Google “Emini S&P Trading Secret”.

  • Richard F. Kohn, Illinois

    Nothing that creditors‘ lawyers do surprises me.

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