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View Diary: Scott Brown worked as a real estate lawyer for predatory loan company (12 comments)

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  •  Really? What is this crap other than innuendo? (3+ / 0-)
    Recommended by:
    Demi Moaned, coffeetalk, valion

    I'm a real estate attorney. I did a significant amount of work during the boom.   I worked with many banks and mortgage companies, but I didn't underwrite the mortgages and I doubt Scott did either.

    The job of the attorney is to do the legal part of the closing which is mostly contract review and title work, seldom did I ever see my clients financials, it simply wasn't part of the process.  

    If a bank was willing to lend money and the client wanted the house, who was I to say no as long as I made sure the client understood the nature of the loan they were getting.

    Funny, that no one was unhappy when the prices were going up.

    Not every foreclosed  loan is fraudulent, some people were just greedy or believed the hype that values always go up.

    Not every foreclosure is fraudulent. Yes the crises certainly highlighted the problems in the process and there was some fraud, although i doubt as much as it was made out to be, but lets not forget the foreclosure attorneys only provide as much as the Courts require.  And up until recently they didn't require that much in the form of documentation.

    No I am not a Scott Brown fan.

    •  comments at the link also disagree. (1+ / 0-)
      Recommended by:
      KenBee

      so i'm on the fence.
      i'm also flat busted.
      all i got to give warren is a little of my time.
      but she's got all i got to give.

      * Join: OBAMA'S TRUTH TEAM * Addington's Perpwalk: TRAILHEAD of Accountability for Bush-2 Crimes.

      by greenbird on Fri Sep 28, 2012 at 11:31:09 AM PDT

      [ Parent ]

    •  True. The courts assumed that attorneys, (2+ / 0-)
      Recommended by:
      a2nite, KenBee

      as officers of the court would have all the documentation they claimed to have and would have reviewed it for accuracy and completeness.
      That they were taking advantage of the fact that ordinary citizens are not clued into the differences between the civil and criminal court and did not know that, if they did not show up to contest the suit, a judgement would be automatically entered against them is their own fault.
      After all, didn't all those judgements by credit card companies and merchants garnishing their lay-aways teach them?
      How come nobody warned them that student loans for educational programs that led nowhere could no longer be discharged in bankruptcy?
      The transfer of monetary wealth to the 1% was not a happenstance.  It was all legal. Fortunately, it's only money and we can use the law to take it back. All we have to do is elect the right legislators.

      We organize governments to provide benefits and prevent abuse.

      by hannah on Fri Sep 28, 2012 at 11:31:22 AM PDT

      [ Parent ]

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