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Flawed Product Culpability Lawsuit Filed Against The Mortgage Industry As A Group. Mortgage Product Recall?

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The Mortgage Industry

According to the just filed California Superior Court Case 30-2011-00455676-CU-OR-CJC, titled “LOUIS FRANCISCO, et al. V. CITIGROUP, INC, et al”, CPAC, Non Profit Law Hospital concentrated on helping struggling families with small children and the aged facing Homelessness due to bank crime and bank abuse, is charging the mortgage industry has been operating in a way designed to defraud owners.

According to CPAC Non Profit Law Clinic’s President, G. Lee. Lane who is a 39-year multi-state approved lawyer who served as dean and professor of several law universities for eighteen years and has written countless books, some of which have been cited by U.S Congress, “CPAC is doing what our administration has not. CPAC Non Profit Law Clinic is fighting against a display of claimed bank crime and bank abuse that is detailed in our California Superior Court documents just filed.” Details on similar violations, misrepresentations, errors, mistakes or crime which will exist in your house loan may also be easily identified and documented for you by accessing their purchaser friendly site CPACnonprofit Even Hollywood’s current Academy Awards recognised the difficulty in the lately commended film “Inside Job”. In his Academy Award speech Charles Ferguson’s comment, when he accepted the award, “Forgive me, I must begin by indicating that three years after our terrifying financial crisis caused by huge crime, not a single financial executive has gone to jail, and that’s wrong.” Perhaps you must ask if it were the average Joe, John Q Public, you or I, would we Not be in jail? Under California’s recent law SB 94, attorney and dean G. Lee Lane opinions that the government restricts private area executives, including the fair and effective ones from trying to help the American purchaser.

Mortgage Financiers

“SB 94 is a convincing prohibition of such pre-paid work,” stated Dean Lane. CPAC Non Profit Law Hospital now represents over 240 individual civil lawsuits against banks. CPAC Non Profit Law Hospital fights mortgage financiers who can afford to hire the most expensive attorneys. According to solicitor Lane CPAC’s position is this new California Superior Court lawsuit, Francisco, et al, v. Citigroup, et al, is a special kind of court action.

This sort of court action has not occurred against the banking industry before, because it permits those that till now could not afford to utilise the American court system, to file a court action against their lender to put a stop to the banking issues in the mortgage spiral. Lane continues “What CPAC Non Profit Law Clinic has done is what we would expect our government to have recently done ; file a ‘Defective Product Responsibility Suit ‘ against the mortgage industry for the American people”. He went on to say not since working 30 years back on the asbestos and lung illness epidemic, has the method dean Lane made been used in America. Writer and dean Lane states, “Finally, someone has put a neon yellow florescent sign on the 1000 lb ape in the room. Finally there’s an opportunity for the average American to stand up against the JP Morgan Chases, GMAC’s and all the others.” CPAC’s president and staff lawyers crafted this suit so that it permits extra house owners to be joined with prior litigants to go into this court action economically. The suit makes it clear that banks are foreclosing on American families with infants while reportedly falsely misleading them into believing they were on course to get an easy loan modification.

mortgage

Mortgage Lenders

As an alternative after many thousands of greenbacks being paid to the lenders, rather than a loan modification agreement they get a notice of sale on their homes forcing families, even mums with small children to be ejected from their home, facing homelessness, states the just filed court action. Lori Krasch and her four-year-old son are just one case of such a family. In a separate individual case, Case GC044987 filed in the Better Court of California by Charles Ton Esq, only one of the CPAC staff lawyers representing the customers against their mortgage firms states “This young girl was told by her bank that she was getting a loan modification. According to court documents she asserts that she did everything her bank requested, for virtually a year. Then her bank told her that her loan modification wasn’t authorised and her home was instead going to auction.” According to CPAC’s just filed mortgage product defect culpability legal action this is a normal story for millions of Americans. Court documents on Lori Krasch et al vs . Wells Fargo US Bank et al reflect that what makes Lori’s story so different is she went beyond what most Americans today are doing.

Her story is she wrote a letter to California’s Governor Brown, but was not responded too . Then, according to court documents, Lori contacted the FDIC & the U.S. Department of Treasury, getting the same shortage of response.

Lori then, according to court documents, approached the Attorney for her Bank Trustee, who actually foreclosed on her, with the details that her signature purportedly was forged and the banks purportedly backdated court documents, providing hard proof and explanation to the lender’s lawyer that the same signatures on her really controversial documents bared the same name and signatures in what’s been previously known as a ‘robo-signer’ in the latest fifty state Attorneys General investigation. All she received was a letter informing her “The contractual terms of the trust documents limit our role”, or in a clearer translation “Too bad!” In Lori’s opining ; nobody was happy to assist her and her small family that then sought refuge in a seedy run down motel. CPAC feels the recent state Lawyers General investigation against bank crime and lender abuse extremely quickly and noiselessly ended up as a quiet whisper including the forgery and robo-signing discovery. Well CPAC cares ; CPAC Non Profit Law Clinic cares sufficiently to fight for trustee sale reversals.¬† CPAC is currently looking for any house owner, with a small child or not, aged relation living alongside you or not. Any home-owner that thinks they were lied to, misled, scammed or abused by any mortgage company.

Attorney Charles Ton states, if you know someone who may benefit from CPAC’s help, do not let the abuse continue. If you want to have your present position reviewed to be included in the¬†industry product defect court action against your bank, CPAC Non Profit Law Clinic will perform a Lender Crime and Violation Research free while you get pre-qualified for one of one or two permanent principal reduction programs that are available.

 

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