Doubts About “Independent Foreclosure Review”

25 Oct

Livinglies's Weblog

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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