Friday, October 8, 2010

Read before signing!

In this article, Barbara Anthony, former professor of mine at Suffolk Law, speaks about the current coordination between her office and national lenders concerning compliance with Massachusetts banking requirements. Interestingly, the alleged non-compliance seems to have surfaced from a case filed last year in which deposition testimony revealed a bank executive signed as many as 8,000 foreclosure documents without reviewing them. This is a good example of how what is mentioned in one deposition, in one case, can have a ripple effect. It also demonstrates how claims of commonplace practices, such as signing without reading, are not always an excuse.

http://www.boston.com/business/articles/2010/10/05/errors_lead_state_to_scrutinize_foreclosure_practices/

Thursday, September 30, 2010

Creditors turn to Facebook for payments

Everyone has the friend with a few too many posts about their life on Facebook. Here is a good example of how creditors use that information in bankruptcy cases:

Creditors turn to Facebook for payments