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JEFF BARNES, ESQ. OF W.J. BARNES, P.A. RETAINED IN FORECLOSURE CASE IN U.S. VIRGIN ISLANDS; FLORIDA APPEALS COURT REVERSES FORECLOSURE JUDGMENT IN SECURITIZATION CASE DUE TO PLAINTIFF’S FAILURE TO “CONNECT THE DOTS”

January 23, 2015

January 23, 2015

Jeff Barnes, Esq. of W. J. Barnes, P.A. has been retained by the homeowner in a foreclosure case pending in the U.S. Virgin Islands. The Plaintiff has just recently sought to file an Amended Complaint. The case involves multiple alleged transfers of the loan and a MERS Assignment “signed” by Michelle Sjolander, who has testified in a prior deposition that she did not execute such documents.

Separately, the Florida 4th District Court of Appeal reversed a final judgment of foreclosure in a securitization case, holding that the plaintiff failed to demonstrate the chain of transfers of the loan where there was no endorsement on the Note. The decision in Murray v. HSBC Bank USA NA as Trustee, etc., No. 4D13-4316, was just issued two days ago on January 21, 2014. The court found that there was no evidence of a transfer from the original lender (Option One California) to the interim party Ace Securities Corp. as the securitization depositor.

HSBC argued that the PSA identified the Option One entity as a “successor” to Option One Mortgage Corporation and that Option One transferred its interest to HSBC through the PSA. The court disagreed.

This portion of the holding is important, as it shows that the borrower may challenge a transfer made allegedly in accordance with the PSA, notwithstanding the Castillo decision from the Florida 3d District Court of Appeal which held only generally, and without any specific facts, that a borrower cannot complain of noncompliance with the PSA.

Florida thus remains split on the issue of whether a borrower may assert defenses based on matters within the PSA, which conflict will remain unless and until the matter is taken to the Supreme Court of Florida for resolution of the conflict between the 3d and 4th appellate district courts.

Jeff Barnes, Esq., www.ForeclosureDefenseNationwide.com

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FLORIDA APPEALS COURT SETS UP SUPREME COURT CONFLICT CERTIFICATION ON STATUTE OF LIMITATIONS DEFENSE; OCWEN COULD BE ON THE WAY OUT

January 17, 2015

January 17, 2015

The Florida Third District Court of Appeal has issued a decision which upheld a statute of limitations defense where the prior dismissal was without prejudice and where the subsequent filing was beyond the statutory period for initiating an action where the prior action claimed an acceleration of the amount due under the Note. The decision in Deutsche Bank National Trust Co. v. Beauvais, issued December 17, 2014, sets up a conflict between two Florida appellate courts as to the use of the statute of limitations defense. The Florida 3d District Court of Appeal sits in Miami-Dade County. The 4th District Court of Appeal, which sits in Palm Beach County, previously issued a decision providing that the statute of limitations defense does not apply even with a prior acceleration and regardless of whether the prior dismissal was with or without prejudice.

The Beauvais decision distinguished the 4th DCA decision, and explained that when a prior dismissal is with prejudice, it operates as an “adjudication on the merits” and thus destroys any issue as to acceleration and thus use of the statute of limitations defense. By contrast, when the prior dismissal is without prejudice, the prior acceleration is preserved and keeps the statute of limitations clock ticking.

This has a direct effect on the thousands of cases previously filed by David Stern which were left in limbo when his Firm closed years ago. Many other Firms have since picked up “old Stern files” which were dismissed without prejudice due to, e.g., lack of record activity, but which filings contained an acceleration. These cases are prime targets for use of the statute of limitations defense for foreclosure cases in at least 2 Florida counties for now, and possibly for use in 62 other counties as well.

Florida has 67 counties and 5 appellate court districts. Beauvais is presently binding on foreclosure cases in Miami-Dade and Monroe (Florida Keys) counties, while the 4th DCA decision is binding on foreclosure cases in Broward, Palm Beach, and Martin counties. Any other foreclosure in any other Florida county is up for grabs, and the Judge can accept either decision if they want, but are not bound to do so.

Beauvais has set up what is called “conflict certiorari jurisdiction” to the Florida Supreme Court to decide who is right. Until the Supreme Court sorts the matter out, there is uncertainty in most of Florida as to the use of the statute of limitations defense where a prior dismissal occurred of an action which accelerated the note balance and where the subsequent filing is outside of the statutory period.

Separately, there is no secret that Ocwen Loan Servicing has become the target of several official investigations in several states for fraudulent foreclosure practices. As most of you also know, the “servicer wars” between Ocwen, SPS, SLS, Bayview and Nationstar have resulted in Ocwen getting the lion’s share of the servicing contracts. Thus, if Ocwen folds, there will be literally tens of thousands of foreclosure cases left up in the air.

Jeff Barnes, Esq., www.ForeclosureDefenseNationwide.com

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GOODBYE MY DEAR FRIEND, WE WILL MISS YOU FOREVER

January 7, 2015

January 7, 2015

It is with great sadness that we advise that our family member and best friend Keith Goldwater passed away yesterday. He was 58, and lost his life suddenly and without warning from cardiac arrest.

Keith was not only the most trusted employee that W. J. Barnes, P.A. ever had. He was also the kindest, most caring soul that any of us had ever known. No matter how tired he was, no matter how hard he worked, he always took care of what needed to be done, whether for family or work, and never said a word about it. Although suffering from diabetes and a host of other illnesses over the years, Keith never, ever complained, and was there whenever you needed him. His unflinching loyalty and trustworthiness were second to no person in the entire universe.

So long, my friend.

Jeff Barnes, Esq., www.ForeclosureDefenseNationwide.com

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CONGRATULATIONS TO MY WIFE ON THE RELEASE OF HER COOKBOOK

December 26, 2014

December 26, 2014

My family and I want to extend congratulations to my wife, Ruth Barnes, on the release of her cookbook Sharing Morocco. Ruth dedicated over four years to this beautiful book, which is over 300 pages and has more than 100 recipes with gorgeous full-color photographs for each recipe.

We are very proud of Ruth and all of us are looking forward to her new journey and future cookbooks as well. As Ruth’s husband, I am more than proud of her dedication, unending creativity, and tireless efforts to make her dream a reality. The book is available on amazon.com, barnesandnoble.com, and many other websites.

Happy holidays to everyone.

Jeff Barnes

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DEVELOPMENTS IN SOUTH CAROLINA AND TENNESSEE: SERVICER SELLS LOAN 2X TO TWO DIFFERENT ENTITIES WITHIN ONE WEEK; BB&T STRINGS BORROWER ALONG FOR 3 YEARS ON LOAN RENEWALS AND THEN FORECLOSES

December 22, 2014

December 21, 2014

Many readers have been e-mailing us about why the last post was in late October. This is because between then and last week, Mr. Barnes was in the process of preparing seven appellate briefs (two in the United States Court of Appeals for the 10th Circuit, and one each for the Colorado Court of Appeals and the Colorado Supreme Court, and one each in the United States Court of Appeals for the 6th Circuit, the Florida 1st District Court of Appeal, and the Florida 3d District Court of Appeal); preparing for 6 trials (Atlantic City, New Jersey and various parts of Florida); and attending hearings in South Carolina and Tennessee.

In South Carolina, the homeowner (represented by Jeff Barnes, Esq. and local counsel Bill Sloan, Esq.) was granted leave to amend a Declaratory Judgment action involving a bankrupt lender, multiple assignments of mortgage, a US Bank securitization, and multiple questionable transfers of the Note based on matters in documents which were finally produced in discovery by the foreclosing party in response to a Court Order which had granted a Motion to Compel filed by Messrs. Barnes and Sloan. Although the matter was complicated enough already, in the week before the hearing, the new servicer sent two letters to the homeowner, each stating that the loan had been sold. The problem is that each letter stated that the loan had been sold to a different entity. The Court thus permitted further amendment to add the two new alleged owners of the loan over vociferous objection of counsel for the existing defendants.

In a Tennessee case involving BB&T where the borrower is represented by Jeff Barnes, Esq. and local counsel Andrew Farmer, Esq., the Court had previously dismissed the borrowers’ action against BB&T on a statute of frauds theory involving three years of negotiations between BB&T and the borrowers as to renewals of construction notes and release of certain other property. BB&T claimed that there was nothing in writing as to the agreements and thus BB&T was entitled to foreclose.

A second action was filed by BB&T involving a lien subordination claim as to certain of the properties involved in the first action. BB&T moved to dismiss the borrowers’ counterclaim on the same basis that it had advanced for dismissal of the borrowers’ earlier declaratory relief action. However, BB&T never caused an Order to be entered in the prior case, and in the months between the hearing on the borrowers’ case and the lien subordination case, the borrowers made a search through three (3) years of e-mails between them and BB&T which revealed that BB&T agreed to renew the construction notes and to release a certain parcel of land. Mr. Barnes argued that these e-mails debunked BB&T’s “statute of frauds” theory and provided the written evidence as to date, time, and identity of the BB&T loan officer who notified the borrowers that the loan renewals had been approved by BB&T and that BB&T also agreed to release the specific parcel which was under contract so that the borrowers could realize a net after paying off all liens to BB&T.

The Court granted Mr. Barnes’ request to amend the Counterclaim in the lien subordination case, and also agreed to treat the amendment as a request to reconsider the dismissal of the borrowers’ case.

At one of the trials (in Clay County, Florida), the Plaintiff’s witness (who was the alleged representative for the securitization “trustee” bank but who was actually an employee of the servicer) testified that the Note and Mortgage had been timely and properly transferred to the Trust in accordance with the provisions of the PSA. When Mr. Barnes questioned the Plaintiff’s witness as to the documentary proof of that transfer, the witness stated that the documents were not presented at trial. The Judge requested post-trial briefing.

The trial in Atlantic City remains unresolved, with post-trial briefs to be submitted in January, 2015. Two of the other Florida trials also remain unresolved, with post-trial briefing also to be done in January.

One of the other Florida trials was continued in view of what appears to be a potential fraud on the court involving manufactured “originals” of the Note and Mortgage in a case which was originally filed by the law offices of David J. Stern (who surrendered his law license and was disbarred for engaging in fraudulent manufacturing of foreclosure filings). Mr. Barnes argued that there was no evidence that the Plaintiff who filed the Complaint (Private Capital Group LLC) had standing at the time that the Complaint was filed. The attorney for the current Plaintiff (Roundpoint Mortgage) told the trial Judge that “the Complaint attached a copy of the Note with the endorsement”. Upon examining the Court file in response to this statement, the trial Judge stated that there was no copy of any Note or endorsement attached to the Complaint, and in fact that the Complaint contained a count for “Lost Note.”

Jeff Barnes, Esq., www.ForeclosureDefenseNationwide.com

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FLORIDA COURT ENTERS FINAL JUDGMENT FOR HOMEOWNER FINDING THAT MERS COULD NOT BE A NOMINEE FOR A NON-EXISTENT CORPORATION AND THAT HOMEOWNER IS ENTITLED TO RECOVER $76K FROM BANK OF AMERICA; OCWEN SHARES PLUMMET AFTER NY DEPARTMENT OF FINANCIAL SERVICES FINDS THAT DEFAULT CURE DATES HAD PASSED BEFORE RECEIPT OF CURE LETTERS

October 24, 2014

October 24, 2014

Homeowners in Florida received some substantial justice with the Final Judgment entered on October 16, 2014 in the matter of Bank of America v. Nash, Seminole County, Florida Case No. 59-2011-CA-004389. The Court found, from the testimony of BOA’s witness, that despite the endorsement in blank by Countrywide dba America’s Wholesale Lender (AWL), no such corporation was ever formed by Countrywide, or BOA, or any of their related corporate entities or agents. BOA’s witness also testified that AWL never had a lender’s license in Florida and did not have authority to do business in Florida as a New York Corporation. The homeowner was represented by John G. Pierce, Esq. of Orlando, Florida. Butler & Hosch, P.A., also of Orlando, Florida, represented BOA.

BOA’s witness also testified that he had no knowledge of the existence of any document transferring any interest in the Note or Mortgage from the Lender to FNMA, which was alleged in the Complaint to be the owner of the Note and Mortgage when the Complaint was filed.

The Court found that the Note and Mortgage were void because AWL was not in fact incorporated in 2005 or ever by either Countrywide or BOA or any of their agents; that the “alleged mortgage loan” was void and invalid because AWL was not a licensed mortgage lender in Florida; that BOA and its predecessors did not have the right to receive payment on the loan because the loan was invalid and void because the mortgagee did not exist; and that the “alleged Assignment of Mortgage” was invalid because MERS had no authority to assign a loan which it did not own and was only a nominee for a non-existent corporation.

The Court thus found that BOA had no standing to bring the action and no legal right to attempt to claim ownership of the Note or the Mortgage or any right as servicer for some unknown entity or to collect monies. The Court thus found that the homeowner was entitled to recover all monies paid by the homeowner to BOA or its predecessors in interest in addition to attorneys’ fees and costs. The Court entered a judgment against BOA for almost $76,000.00.

This decision thus finally exposes the fantasy that was “America’s Wholesale Lender”, and the fraud perpetrated by Countrywide and BOA across the US in all cases where it claims that the lender was AWL and that MERS allegedly transferred an interest which it (a) did not own, and (b) could not have had as it could not be a nominee of a corporation which did not exist.

Separately, the Superintendent of the NY Department of Financial Services has uncovered what he has characterized as “serious issues” with Ocwen Loan Servicing’s systems and controls, including backdating that created situations where borrowers facing foreclosure received letters from Ocwen that specified a cure date for a claimed default which had passed months before the homeowners received the cure letters. Here, then, is proof positive that Ocwen, through the use of the U.S. Mails, intentionally manufactured fraudulent defaults for the purpose of thereafter pursuing fraudulent foreclosures and defrauding homeowners (RICO, anyone?). Ocwen’s stock plummeted as much as 24% and had been halted twice in view of these findings.

We thank our dedicated readers for sending us the Nash decision and the update on Ocwen.

Jeff Barnes, Esq., www.ForeclosureDefenseNationwide.com

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FDN ATTORNEYS TO APPEAR AT SAVE YOUR HOME AMERICA WORLDWIDE CONVENTION IN CALIFORNIA OCTOBER 25, 2014

October 20, 2014

October 20, 2014

The Save Your Home America alliance has invited FDN attorneys to be exhibitors and speakers at their world convention which is being held in the Los Angeles Fairplex (in the Los Angeles County Fairgrounds complex) this Saturday, October 25, 2014. FDN attorneys Jeff Barnes, Esq, Jason Estavillo, Esq., and Douglas Klein, Esq., and paralegal E. Daniel Gyurec of the law offices of Joseph L. DeClue, Esq. will be manning the FDN booth at the convention, and Mr. Barnes has been invited to speak on the issues related to MERS in view of his wins against MERS in the Supreme Courts of Oregon and Montana.

Mr. Klein handles foreclosure defense primarily in Southern California including the United States Bankruptcy Courts in Los Angeles and San Diego, in addition to litigation in Los Angeles, Riverside, San Diego, and San Bernadino counties. Mr. Estavillo handles foreclosure defense cases in the San Francisco Bay area, while Mr. Gyurec’s Firm (Joseph L. DeClue, Esq.) handles cases in Orange County and Southern California. As those of you who follow this website know, Mr. Barnes handles foreclosure defense in numerous other states around the United States (and as Messes. Klein, Estavillo, and DeClue handle California cases).

The Convention begins at 9:00 a.m. and runs until 6:00 p.m. Come and meet us on Saturday!

Jeff Barnes, Esq., www.ForeclosureDefenseNationwide.com

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FEDERAL SIXTH CIRCUIT COURT OF APPEALS FINALLY CLARIFIES ITS PRIOR HOLDING IN LIVONIA PROPERTIES CASE: HOMEOWNERS CAN ATTACK THE VALIDITY OF AN ASSIGNMENT

October 2, 2014

October 2, 2014

Since its release in 2010, the U.S. Court of Appeals for the 6th Circuit’s decision in Livonia Properties Holdings LLC v. 12840-12976 Farmington Holdings LLC, 399 F. App’x 91 (6th Cir. 2010) has been misused by bank and servicer attorneys, and erroneously interpreted by many courts, for the alleged proposition that a homeowner never has standing to challenge an assignment to which the homeowner was not a party. Notwithstanding that the assignment is an attempt to transfer the homeowner’s mortgage or Deed of Trust to another party, the banks and servicers consistently take the position that the homeowner is not a “party” to the assignment.

The 6th Circuit has finally clarified Livonia Properties in Slorp v. Lerner Sampson et al., No. 13-3402 (6th Cir., opinion issued September 29, 2014), which reversed an adverse decision to the homeowner made by the Ohio Federal District Court and permitted the homeowner to assert numerous claims including a claim under the Federal RICO Act. The Court stated that its Livonia Properties opinion “has confounded some courts and litigants”, and admitted that the sweeping rule which was quoted and which endorsed the general statement was done “perhaps inartfully.”

The Court also stated that it “quickly limited the scope of that rule, clarifying that a non-party homeowner may challenge the validity of an assignment to establish the assignee’s lack of title, among other defects”, and “Thus, a non-party homeowner may challenge a putative assignment’s validity on the basis that it was not effective to pass title to the putative assignee” (citing several other cases). In reversing the District Court, the 6th Circuit permitted Slorp (the homeowner) to challenge the assignment by asserting that “Bank of America (the putative assignee) held neither his mortgage nor the attendant promissory note when it filed the foreclosure action because the parties lacked the authority to assign his mortgage to Bank of America when they purported to do so”, and “That distinction makes all the difference”.

The Court held that because Slorp alleged that the assignment was fraudulent and that Bank of America therefore did not hold title at the time of the foreclosure that Livonia Properties did not bar his suit, and stated “in fact, it supports it.”

This is a milestone decision of more than significant importance. This decision needs to be given to every Judge in every case where the homeowner challenges an assignment in the manner which Slorp did and the bank or servicer attorney counters with the misinterpretation of Livonia Properties in an argument that the homeowner allegedly lacks standing to challenge the assignment. In fact, we urge counsel in those states whose appellate courts have come to the same erroneous reasoning to seek to vacate any decision which denied a similar challenge to an assignment based on the misapplication and misreading of Livonia Properties.

We thank one of our dedicated followers for bringing this decision to our attention today.

Jeff Barnes, Esq., www.ForeclosureDefenseNationwide.com

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SIGNIFICANT RULING OBTAINED IN NEW JERSEY DENYING FINAL SUMMARY JUDGMENT AND ORDERING DEPOSITIONS OF ROBOSIGNER, JPMORGAN CHASE, AND PENNYNMAC

September 21, 2014

September 21, 2014

A New Jersey Chancery Judge has denied final summary judgment to PennyMac Corp. which attempted to foreclose on a WaMu-initiated loan which PennyMac claimed to have inherited by assignment from the FDIC through an interim assignment to PennyMac’s predecessor-in-interest (which is another “PennyMac” entity). The Court also ordered that the homeowner take the depositions of known robo-signer Cynthia Riley and the appropriate witnesses from JPMorgan Chase, PennyMac, and any other witnesses deemed material by the homeowner’s counsel.

Michael Jacobson, Esq., local NJ counsel for the homeowner, argued the matter on the Brief and opposition papers research and drafted by Jeff Barnes, Esq. who was also retained by the homeowner.

As those of you who follow this website know, JPM claimed to have purchased all of WaMu loans and loan commitments from the FDIC pursuant to a Purchase and Assumption Agreement (P&AA) executed on September 25, 2008 (the day WaMu failed and went into FDIC Receivership). As it is also known, there is more than one version of the P&AA, and WaMu went into bankruptcy the next day (on September 26, 2008). Thus, whatever was not “sold” to JPM would have been a part of the WaMu Bankruptcy Estate.

PennyMac claimed that the FDIC assigned the loan to it on September 3, 2013, which was almost 5 years after JPM claims to have purchased the WaMu loans from the FDIC as set forth within the now infamous Affidavit of Robert Schoppe, which JPM has used around the United States in alleged support of its claim to have purchased all WaMu mortgage loans from the FDIC when WaMu failed.

PennyMac attempted to support its summary judgment request with a Certification (form of Affidavit in NJ) from a “Default Specialist” of the servicer who never worked for WaMu, or JPM, or the FDIC, or PennyMac. The Certification did not state the date that PennyMac acquired the loan, and the “screen shot” provided with the Certification (in alleged support of the “acquisition” of the loan) showed “Deutsche Bank Authentication”. The effective date of the “Power of Attorney” post-dates the alleged “acquisition date” in the “screen shot.” Further, the Certification does not contain any information on personal knowledge, and equivocates as to how the information in the “records reviewed” were created.

The Note bears an origination date of 2005, and contains a stamp “signed” by robo-signer Cynthia Riley who testified in a deposition taken in a Florida foreclosure case that she never endorsed any notes or put any endorsement stamps on notes from 2004 through 2006.

In denying PennyMac’s request for final summary judgment, the Judge stated that he was “very intrigued” by these issues, and ordered that the homeowner take the depositions of Cynthia Riley, the appropriate person(s) from JPM, and any other depositions necessary (which would include the depositions of those from the FDIC and the two PennyMac entities involved with the alleged “transfer”).

This ruling now permits a homeowner to inquire, under oath, of those witnesses who were involved with what JPM allegedly purchased from the FDIC; what, if anything, the FDIC retained following the September 25, 2008 P&AA; and into the issues as to how a loan which JPM has told the world was part of its acquisition from the FDIC was somehow “assigned” to PennyMac Corp.’s predecessor-in-interest 5 years after the alleged JPM acquisition and then assigned to PennyMac Corp. or otherwise transferred by a claimed “endorsement” which the alleged signer thereof stated under oath she did not place on the Note and did not sign.

This should be very interesting.

Jeff Barnes, Esq., www.ForeclosureDefenseNationwide.com

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COURTS CONTINUE TO TRAMPLE ON HOMEOWNERS RIGHTS AND REWARD BANKSTERS

September 18, 2014

September 18, 2014

One of our readers sent us an article from the Tampa (Florida) Tribune newspaper about the “goal” of the Florida government to “rid the courts of 256,000 foreclosure cases per year”. The article highlights the undisputed fact that Judges are railroading foreclosure cases through the system (Judges issue Pretrial Orders stating that the time set aside for the trial is “5 minutes”); ignoring evidence; subjecting those in foreclosure to rules and procedures which are not forced on other civil litigants; refusing to continue (reschedule) foreclosure trials even when the attorneys for the bank and the homeowner agree to it (as they are attempting to work out a loan modification); and generally trampling on homeowners’ constitutional rights.

The article highlighted a certain Judge who refused to hear a motion to vacate a judgment which JPMorgan Chase obtained on a loan which it did not even own. The disclosure that the loan had been previously sold to another entity was not made until after the judgment had been obtained. Despite this undisputed fact, the Judge refused to act.

In one case I have, I recently filed a Motion to amend my client’s affirmative defenses due to new matter which arose and gave rise to adding this to the client’s defenses. Such motions are routinely granted, and do have the effect of rendering a case not “at issue” and thus incapable of being set for trial. The bank attorney’s sole argument was the effect of granting the motion; no objection to the substance of the motion or the proposed defenses was made. When the Judge asked if granting the Motion would bump the November trial date, I responded that the law so provided. The Judge then said “Well, then, I am denying the Motion.” When I asked him the reason why (so that a record of error could be made for appeal), his response was: “Mr Barnes, I do not have time to do that now. I have a whole room of people here waiting.”

So, here is proof positive that the interests of real justice bow to the not-real interests of the State in continuing with the “rocket dockets”, which ONLY benefit the banksters. Remember, any servicer who forecloses on a Fannie or Freddie loan gets a 27 point “kicker” from the government.

The alleged “excuse” for the actions of the courts and Judges is that they are under “pressure” from the state Government to “clear out all of these foreclosure cases.” This is beyond reprehensible, and is bad karma that will eventually come back to haunt those who spew it.

Judges are sworn to uphold the law, not to become robotic slaves to some Government which is apparently beholden to the banksters. Judges are not to ignore the law and the Constitution so that the banks can be rewarded with essentially stolen homes arising out of a fiasco which they themselves created in the first place. It is surprising that no Judge has come forward and refused to engage in what amounts to violations of civil rights.

All of the elements of a civil rights violation case are there: you have a “state actor” (Judge) who is engaging in “disparate treatment” (subjecting “foreclosure” litigants to “special” rules which do not apply to civil litigants in non-foreclosure cases and which “rules” fly in the face of due process and the enacted rules); thereby creating a “suspect class” (”foreclosure people”) who are being deprived of their civil rights with no rational relation to any legitimate state interest. Eliminating due process protections to homeowners so that foreclosure cases can be ramrodded through the system and thus line the pockets of the banksters who created the morass from the beginning is not action “rationally related to a legitimate state interest.”

Florida is not the only state where this is occurring or where it has occurred. Several years ago, one of our readers, who was a police detective, could not figure out why homeowners in Phoenix were being essentially lined up for the slaughter, and why the Judges just ignored the law. The detective did some digging, and found out that the Circuit Judges’ Pension Fund had invested heavily in mortgage-backed securities, so with every foreclosure, their pension fund (allegedly) took a hit.

The short-sightedness of the “rocket docket” procedure, which apparently no one thought through, is that with millions of homeowners being removed from their homes, the property goes into decay; local markets, etc. no longer have their customers and go out of business; neighborhoods become blighted and ransacked by poachers; and the economic base of the neighborhood goes to zero.

So, in the end, the unconstitutional rewarding of property to the banks through unconstitutional court processes will give the states who engage in these actions exactly what they deserve: more bankruptcies; more dilapidated real estate; more crime; and more economic blight. Of course, the Government will blame it all on “those damned homeowners who didn’t pay their mortgage” instead of rightfully blaming the banksters for failing to be reasonable and work with a homeowner to keep them in their home and thus maintain the neighborhood. But then again, we all know what bank lobbyists are capable of.

Jeff Barnes, Esq., www.ForeclosureDefenseNationwide.com

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