August 2, 2011

A Chapter 7 Trustee for the United States Bankruptcy Court for the Western District of Washington has retained Jeff Barnes, Esq. and local Washington BK counsel John Sterbick, Esq. to file an adversary proceeding against Residential Credit Solutions, Inc., which claims to “own and hold” a mortgage loan originally made in favor of Franklin Bank FSB, which went into FDIC Receivership. Mr. Barnes is also currently representing borrowers in other Bankruptcy proceedings in Washington BK courts opposing proofs of claim and challenging Motions for Relief From Stay filed by servicers and “banks” attempting to foreclose.

FDN has added local counsel in the States of New Mexico and Minnesota. We are pleased to welcome John R. Fox, Esq. as local counsel in Santa Fe, New Mexico, and Marcus Jarvis, Esq. in Minneapolis, Minnesota.

We are also in the process of expanding our attorney network in Maui, Hawaii, due to the volume of cases which we are being asked to become involved with there and other of the Hawaiian Islands.

Mr. Barnes has recently filed a RICO action against M&I (Marshall & Isley) Bank in Tuscon, Arizona after discovery depositions and documents revealed that the manager of the M&I branch in Tuscon was “approving” jumbo mortgage loans knowing that the borrowers could never meet the debt service on the life of the loans, and telling borrowers that they would be approved for such loans before any loan applications were even completed. M&I has been recently purchased by another bank.

Jeff Barnes, Esq., www.ForeclosureDefenseNationwide.com