CFLA Announces Details Regarding the New Obama Settlement Which Does Not Preclude Borrowers from Still Suing Banks & MERS
The Obama Agreement does not prevent any action by individual borrowers who wish to bring their own lawsuits. State attorneys general also preserved, among other things, all claims against MERS, and all claims brought by borrowers.
Los Angeles, CA, February 14, 2012 --(PR.com)-- As detailed below by Certified Forensic Loan Auditors, LLC, the Obama agreement will not stop homeowners from filing individual lawsuits in reference to any of the fraud involved in their particular case. Scroll down to the 16th paragraph (the full Justice Department letter is now available on www.CertifiedForensicLoanAuditors.com), and read the last 2 sentences about filing individual lawsuits and MERS. This agreement between Obama and the banks only makes the banks admit to the fraud and could hurt them and not help them. It will help the banks if homeowners accept the agreement.
According to the PA Attorneys General office, over the next several months homeowners in trouble will receive a letter or notification of this agreement deal. It is highly recommended not to sign it or accept it, if the homeowner plans to file lawsuit against your mortgage servicer. And with all the fraud, the homeowner and their lawyer can win.
Robo-signing perjury, missing assignments, no ownership of note, quiet title action, etc. The homeowner can still file a lawsuit for this fraud even with Obama agreement in place as long as he/she does not accept the agreement plan.
Paragraph 19 of the Obama Agreement expressly states:
"The agreement does not prevent any action by individual borrowers who wish to bring their own lawsuits. State attorneys general also preserved, among other things, all claims against the Mortgage Electronic Registration Systems (MERS), and all claims brought by borrowers."
Certified Forensic Loan Auditors, LLC is the Nation's Leading information Source on Foreclosure Defense Strategies. We are the nation's premier wholesale Mortgage Due Diligence firm since 2007. CFLA is a full service litigation support company serving more than 10,000 Law Firms and Attorneys in all 50 States, with specially licensed Mortgage Backed Securities Analysis, training and support. CFLA has certified more than 1,000 Executive Professionals through its Nationally Recognized and Industry Acclaimed Mortgage Securitization Auditor Training, practical application classroom setting by our industry leading experts.
Our Senior Auditors and Attorneys use proprietary software developed and licensed by CFLA to search through S.E.C. and other Public Record Filings to find Trust Vehicles used in the Securitization process, including but not limited to Bloomberg Terminals, Edgars Pro, Doc Edge, Chicago Title and others developed exclusively for use by CFLA team members.
To learn more about CFLA products and services available, visit www.CertifiedForensicLoanAuditors.com.
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According to the PA Attorneys General office, over the next several months homeowners in trouble will receive a letter or notification of this agreement deal. It is highly recommended not to sign it or accept it, if the homeowner plans to file lawsuit against your mortgage servicer. And with all the fraud, the homeowner and their lawyer can win.
Robo-signing perjury, missing assignments, no ownership of note, quiet title action, etc. The homeowner can still file a lawsuit for this fraud even with Obama agreement in place as long as he/she does not accept the agreement plan.
Paragraph 19 of the Obama Agreement expressly states:
"The agreement does not prevent any action by individual borrowers who wish to bring their own lawsuits. State attorneys general also preserved, among other things, all claims against the Mortgage Electronic Registration Systems (MERS), and all claims brought by borrowers."
Certified Forensic Loan Auditors, LLC is the Nation's Leading information Source on Foreclosure Defense Strategies. We are the nation's premier wholesale Mortgage Due Diligence firm since 2007. CFLA is a full service litigation support company serving more than 10,000 Law Firms and Attorneys in all 50 States, with specially licensed Mortgage Backed Securities Analysis, training and support. CFLA has certified more than 1,000 Executive Professionals through its Nationally Recognized and Industry Acclaimed Mortgage Securitization Auditor Training, practical application classroom setting by our industry leading experts.
Our Senior Auditors and Attorneys use proprietary software developed and licensed by CFLA to search through S.E.C. and other Public Record Filings to find Trust Vehicles used in the Securitization process, including but not limited to Bloomberg Terminals, Edgars Pro, Doc Edge, Chicago Title and others developed exclusively for use by CFLA team members.
To learn more about CFLA products and services available, visit www.CertifiedForensicLoanAuditors.com.
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Contact
Certified Forensic Loan Auditors, LLC
Andrew Lehman
310-432-6304
http://www.certifiedforensicloanauditors.com
National Account Sales Office
13101 W Washington Blvd Suite 140
Los Angeles, CA 90066
Andrew Lehman
310-432-6304
http://www.certifiedforensicloanauditors.com
National Account Sales Office
13101 W Washington Blvd Suite 140
Los Angeles, CA 90066
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