2010-08-09motherjones.com

``Stern's company is one of dozens of mills that now churn through more than a million cases a year for Fannie and Freddie, big banks, and private lenders. Built like industrial assembly lines, the mills employ small armies of paralegals and other low-level employees who mass-produce court filings, run title searches, and schedule scores of hearings and property auctions daily... the business model is simple: to tear through cases as quickly as possible. (Stern's company handled 70,382 foreclosures in 2009 alone.) This breakneck pace stems from how the mills get paid. Rather than billing hourly, they receive a predetermined flat fee for the foreclosure—typically around $1,000—plus add-ons for each of the related services. The more they foreclose, the more they make. As a result, consumer attorneys and legal experts say, even families who have been foreclosed upon illegally—and who can afford to make good on their mortgages—end up getting steamrolled.''



Comments:

catherine at 19:19 2010-08-09 said:
oh this can't be true...................the largest contributors to the Democrat party beside the unions (who are getting their bailouts tomorrow) ---THE LAWYERS making a killing off foreclosures.........................OH NO THAT CAN'T BE TRUE :roll: :roll: :roll: Permalink
Georgetown at 11:47 2010-08-10 said:
David Stern, the lawyer in FL - not the NBA Commissioner, is a republican. Permalink
catherine at 14:31 2010-08-10 said:
David Stern, the lawyer in FL - not the NBA Commissioner, is a republican.
not saying there aren't republican lawyers.................. there are many everywhere - have run an office for four of them myself ----BUT SCALEWISE..........they are the minority..................even the democrats admit that the lawyer's are their NUMBER TWO campaign contributers NEXT TO THE UNIONS OF COURSE..........that's all I said................

of course it is no surprise that the media FOUND A REPUBLICAN to do the story on in that whole pile of democrat contributors, :roll: .............

this is how they work...........but if you look behind the curtain you know that lawyers are a big chunk of democrat cash- A HUGE CHUNK!..............but you have to look behind the media's dump............ Permalink

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