Doubts About “Independent Foreclosure Review”

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It really isn’t much different than the way the foreclosures themselves are done. After a roulette spin on the LPS Desktop program for foreclosures, a “lender” is selected and appoints itself through a series of LPS generated documents. Now we have a new beneficiary or a new mortgagee.

Then we have the new beneficiary designate the trustee who acts as a foreclosure agent instead of a trustee. Despite the fact that the trustor disputes the substitution of trustee and notice of default and notice of sale, the beneficiary has essentially appointed itself as the trustee, contrary to every known law allowing non-judicial foreclosure.

Then comes the requirement for “independent foreclosure review” which is as independent as the above-described foreclosure process. This should be challenged in court for breach of the statutory  duties under the note and mortgage (and add…

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Author: timothymccandless

I have spent most of my professional life helping people who were being taken advantage of by systems they did not fully understand. As an attorney, I represented consumers against predatory lending practices and worked in elder law protecting seniors from fraud. My family lost $239,145 to identity theft, which became the foundation for my seniorgard.onlime and deepened my commitment to financial education. Since 2008, I have maintained a blog at timothymccandless.wordpress.com providing free financial education. Not behind a paywall. Free, because financial literacy should not cost money. I trade with real money using the exact strategy described in this book. My current positions: Pfizer at $16,480 deployed generating $77,900 per year net. Verizon at $29,260 deployed generating $51,000 per year net. Combined: 293% annualized pace. These are my only active positions. Not cherry-picked.

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