LexisNexis Legal News Update for October 22, 2010

Among the stories on this video edition of LexisNexis Legal News, an Oregon federal jury has returned defense verdicts in a trial against the manufacturer of a drug infusion pump and a distributor and attorneys general from all 50 states as well as state bank and mortgage regulators have teamed up to investigate whether mortgage servicers have wrongfully initiated foreclosure proceedings by signing documents without confirming the accuracy of the information.

Duration : 0:6:0

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Foreclosure Litigation With James Kowalski

The paperwork mess muddying home foreclosures erupted last month. But the legal strategy behind it traces to a lawyer’s gambit in 2006 that has helped keep one couple in their home six years beyond their last mortgage payment.

Lillian and Robert Jackson stopped paying on their home in Jacksonville, Fla., in 2004 when business dropped off at their cleaning company. Eviction might have seemed inevitable when they faced a foreclosure hearing two years later.

But their lawyer, James Kowalski, had the idea of taking a deposition from the signer of the mortgage papers. When a document processor for GMAC Mortgage admitted she routinely signed such papers without being familiar with details of the loans, she was tagged as one of a species now known as robo-signers.

It was a first step in the growth of a legal sub-specialty called foreclosure defense that has sown confusion and turmoil in the housing market. Lawyers in the field now commonly use a technique more identified with corporate litigation: probing depositions, designed to uncover any lapses in judgment, flaws in a process or wrongdoing. In the 23 states where foreclosures entail a court hearing, the bank may be ordered to pay the homeowner’s legal bill if a lawyer can convince a judge that the bank has submitted false documents, such as affidavits saying employees personally reviewed the details of loans when they didn’t.
More at http://LBNnews.com

Duration : 0:7:37

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