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South Florida law firm's demise puts 9,000 foreclosures in limbo

Submitted by bobbyw24 on Thu, 03/31/2011 - 06:22

Economy

WEST PALM BEACH — Palm Beach County courts will sort through nearly 9,000 wayward foreclosures in a cattle call of cases from the collapsed Law Offices of David J. Stern.

Chief Judge Peter Blanc ordered hearings for pending Stern foreclosures that the firm has said it no longer has the manpower to withdraw from as counsel of record.

For homeowners, a Friday letter from Blanc to Stern outlining the procedures for case management conferences could mean a dismissal if no one from the bank's side attends the hearing. The bank could re-file the foreclosure, but it would likely cause a delay of months or even a year considering the recent slowdown in new filings.

http://www.palmbeachpost.com/money/foreclosures/south-florid...

All Foreclosures by the too big to exixt banks are a fraud

Submitted by Bezerker on Thu, 03/31/2011 - 06:44. Permalink

Once a note is turned into a security, it can not be turned back into a note. The too big to exist banks sold the notes into Remic trusts and turned 77 million mortgages into securities. There is no clear chain of title on any of these properties. www.stopthefraud2010.com and www.livinglies.wordpress.com are two excellent sites that explain how to beat the beast. "My Home Is My Castle" by David E Robinson is a great book on the same topic. The banks were bailed out with enough money to pay for every mortgage in the country. Problem is it only covered about 2% of the Derivative bubble they created and solved nothing. Go to www.consumerdefenseprograms.com and get a free copy of the Foreclosure handbook. Once you learn the truth, stop paying and fight them. If we don't defeat fractional reserve banking and usury the world is destined for permanent slavery.