Consumer Law In the News
Switching Sides? Seeing the Light? Or Merely a PR Ploy?
There’s a law firm, with offices in several states (California, Georgia, New Hampshire, New Jersey - to name but a few), that’s gotten religion apparently, if a particular news item from American Banker is to be believed. (I won’t link since it requires a paid subscription. Someone emailed me the salient details from the piece.) This firm, known widely for its pro-creditor activities, has created what it calls a “home retention” unit that will work with delinquent borrowers.
How exactly will this law firm work with borrowers? Well, see, that’s the puzzle. The article isn’t really clear on that point. It seems to have something to do with overseeing foreclosure attorneys and workout departments, who (as is commonly known in my profession) frequently are at odds with each other and sending the poor homeowner mixed signals. “We’re going to take your home,” says the foreclosure department. “How about a refi on these terms?” says the workout department.This can go on and on, even up to the courthouse steps.
Color me highly doubtful.
Powered by ScribeFire.
Categories
- Arbitration Agreements
- Attorney-Client Relationship
- Back to Basics
- Bankruptcy
- Bankruptcy Estate
- BAPCPA 2005
- Cars and Consumers
- Consumer Law In the News
- Consumer Law Policy
- Credit Card Debt
- Debt Collection
- Elsewhere in Other Blogs
- Foreclosure Crisis
- Identity Theft
- Meta
- Mortgages & HELOCs
- Palmetto Pride
- Personal Finance
- Predatory Lending
- Pro Bono/LRE
- Tax Law & You
- UDAP & Consumer Law
- WOW
Discussion
No comments for “Switching Sides? Seeing the Light? Or Merely a PR Ploy?”
Post a comment