Oy Vey! Wells Fargo Forecloses On Chabad of Boca Raton

Anne Geggis, Sun Sentinel

Wells Fargo bank is foreclosing on Chabad of Boca Raton — including its synagogue and preschool — for not paying on its $2 million mortgage since November, according to a lawsuit filed in Palm Beach County Circuit Court.

The 23-year-old Orthodox Jewish congregation has occupied its 3-acre campus at 17950 Military Trail since 1999.

Rabbi Moishe Denburg, leader of the congregation, and Michele Lenoff, its attorney, declined to comment.

Wells Fargo also wants the property put into receivership to keep it maintained. Attorneys and other representatives for Wells Fargo, suing the Friends of Chabad of Boca Raton, also declined to comment on the case beyond the filing.

It’s at least the third time in two years that a Chabad in Palm Beach County has been facing legal action for debts.

Rabbi Sholom Ciment, whose own congregation Chabad-Lubavitch of Boynton Beach filed for bankruptcy in 2010, said the issues are the same that are facing nonprofit organizations of all kinds. In February 2011, Chabad House-Lubavitch of Palm Beach closed its bankruptcy case, federal filings show.

Nonprofit organizations get into financial trouble when supporters don’t see their own situations improving, he said.

“This is not a Jewish issue, it’s not a synagogue issue. There have been all types of organizations in the last few years that have gone defunct and bankrupt,” he said. “It’s a whole lot more visible than any time that I can remember.”

Ciment said his congregation pulled together, was able to survive and is back on sound financial footing after facing bankruptcy.

But court filings show that Chabad of Boca Raton had the mortgage on its 23,112-square-foot facility modified five times since its original property loan. Wells Fargo is owed $2.1 million in the mortgage principal, interest, late fees and attorneys’ fees, records show.

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Robo-Signing Found At Foreclosure Mill Run By Michigan State Rep’s Brother

Palling Around With Robo-Signing Law Firms Is Not Just A GOP Thing Anymore

Steve Dibert, MFI-Miami

Since MFI-Miami began exposing robo-signing by Michigan foreclosure mills eighteen months ago, one law firm has managed to stay off the radar until now and the managing partner of that hirm has a sister who is a Democratic state Representative who sits on the committee overseeing foreclosure legislation.

MFI-Miami has discovered multiple affidavits and mortgage assignments dated from April, 2010 through May 2011 from multiple Register of Deeds offices through out Michigan, allegedly signed by Jason Canvasser, a Michigan attorney who once worked at the law firm of Randall S. Miller and Associates in Bloomfield Hills, Michigan.  Randall S. Miller and Associates is the fifth largest foreclosure mill in the country and they handle foreclosures in California, Indiana, Michigan and Minnesota.  Jason Canvasser left Randall S. Miller and Associates in July of 2011 is now with Kupelian Ormond & Magy, P.C., a commercial litigation firm. As you can see, the signatures are very different and the pattern seems to fit the typical foreclosure mill business model.

Jason Canvasser Signatures

Family Ties

Lisa Brown For Oakland County Clerk

 

 

 

 

 

Miller’s law firm has been able to stay off the MFI-Miami radar when it comes to robo-signing because except for Michigan, Miller’s firm does business in three states MFI-Miami does very little or no business unlike Trott & Trott or Orlans.

Unlike David Trott or Linda Orlans, Miller’s firm has been relatively low key about their political contributions and connections.  Linda Orlans, who as the President of the Michigan Chapter of the Koch Brothers’ faux non-profit, Americans for Prosperity lavishes money on GOP candidates and has entertained high dollar fundraisers for Michigan Secretary of State Ruth Johnson at her $4 million mansion in suburban Detroit.  David Trott is currently the Michigan Finance Chair for GOP Presidential candidate Mitt Romney.  Trott, his wife and his staff have given nearly $25,000 to Michigan Attorney General Bill Schuette.  Together Orlans and Trott have raised nearly $250,000 for both Johnson, Schuette and the Michigan Republican Party.

Miller doesn’t need to throw money around like Rich Uncle Moneybags to have an impact on legislation.  He has an ace-in-the-hole that he’s been able to keep pretty quiet about until now. Miller’s sister is Michigan State Representative Lisa Brown (D-West Bloomfield) who currently sits on the Michigan House Judiciary Committee.  The same committee that debates and approves foreclosure related legislation before it goes to the full Michigan House of Representatives.  Last year, during the debate to change Michigan’s foreclosure laws we heard nothing from Brown or the Democratic caucus who sat and did what the GOP majority told them to do.

Ready For Prime Time?

Last month, Brown announced because of redistricting, she was not seeking a third and final term in the Michigan House and has instead decided to run for Oakland County Register of Deeds against Republican Bill Bullard, a career politician who was appointed to the position in January of last year when Ruth Johnson was elected Michigan Secretary of State.  In her announcement last month she attacked Bullard by saying,

“It’s clearly a problem that Bill Bullard takes his role as a Republican political operative more seriously than serving the public as clerk.” 

Brown’s legislative performance could be seen by many as lackluster. She steered away from controversial issues, campaigned on issues her constituents wanted to hear and voted the way her party leadership told her to just as Bullard had done for almost 30 years as a County Commissioner,State Representative and State Senator.

Brown has also had her share of being a “political operative”. In 2010, she took campaign contributions from two people involved in the voter fraud scandal that rocked the Oakland County Democratic Party.  As Bullard pointed out in the same article:

“One of the most important jobs of the Oakland County Clerk is to safeguard honest and fair elections. I think Representative Brown should show her commitment to election integrity by first returning the campaign donations she received in the past,” 

The mortgage crisis that has had Michigan homeowners in a financial Anaconda Vice Grip since 2006 has also been very rewarding to Brown because she has been able to profit from both sides of the fight.  Her brother has given handsomely to her three legislative campaigns and her husband Brian Parker is a consumer lawyer currently doing foreclosure defense.

The question should be, is Lisa Brown ready for prime time?  Running for the Oakland County Clerk/Register of Deeds office is like running a congressional campaign and she’s  trying to do it against a seasoned veteran of Oakland County politics who has held one office or another in Oakland County since Brown was in elementary school in the 1970s.

County Register of Deeds in Michigan has traditionally been where aging politicians as their political careers wind down.  That all changed with the financial crisis as the office is now one of the most important elected offices in the state.  As Ingham County Register Curtis Hertel, Jr. has shown, the job actually does require leadership and political skill.  Unfortunately, Lisa Brown in her four years in Lansing, has shown she’s a follower.

Her brother, the foreclosure mill operator also creates an issue.  If she gets elected Register of Deeds and forged documents are discovered to have been filed in Oakland County by her brother’s firm will she take it to the prosecutor?

Her platform so far has been to attack the Bullard on an issue only the elites in the Michigan Democratic Party and the Oakland County Democratic Party seem to care about.  That issue is the shrinking and redistricting of the Oakland County Commission.  This is an issue most Oakland County residents don’t know or care about and she manages to get smacked down by Bill Bullard over it.

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Woman’s 2-Year Battle Against Robo-signing Gets Mortgage Wiped Out

View more videos at: http://nbcmiami.com.

Trina Robinson and Karen Franklin, NBC Miami

A South Florida woman succeeded with the unheard of when she was able to get her mortgage wiped out by a lender.

In an effort to save her mother’s home, Idania Castro waged a two-year battle with the bank.

“The mortgage got wiped out, so I have no mortgage payment, everything was completely satisfied,” Castro said.

The woman, who took it upon herself to go through every document related to the mortgage, finally discovered robo-signing. She said the signatures on her foreclosure documents appeared to have been signed by different people.

“The signatures varied five times and it made me suspicious,” she said.

With the help of attorney Omar Arcia, she won her case. The lender decided to stop all legal proceedings against her because the documents were deemed fraudulent . Castro now owes nothing.

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OCC Pulls Plug On Denver Foreclosure Review Company

Jesse Hamilton, Bloomberg

Allonhill LLC, a consultant hired for a regulator-required review of whether borrowers were cheated by U.S. mortgage servicers, was fired from the job today by the Office of the Comptroller of the Currency, saying the firm had a conflict of interest.

Denver-based Allonhill was working for Aurora Bank FSB, based in Wilmington, Delaware, and as a subcontractor working with Promontory Financial Group LLC for Wells Fargo & Co. (WFC), after a settlement required the mortgage servicers to have their foreclosures reviewed, the OCC said in a statement today. Allonhill self-reported that it had made prior reviews “of loans that are part of the same pool of loans” in the current review, the OCC said.

The regulator of U.S. national banks and other federal agencies settled with 14 of the largest mortgage servicers a year ago, requiring the servicers clean up their foreclosure practices and hire independent consultants to see whether their foreclosure methods in 2009 and 2010 unfairly hurt specific customers and how those people should be repaid.

A statement from Allonhill called the action “wholly without merit,” and Chief Executive Officer Sue Allon said that the company is “profoundly disappointed by the OCC’s decision.” Promontory “is fully compliant” with OCC requirements, Debra Cope, a spokeswoman for the firm, said in a statement. The OCC decision will have “no significant impact” on the firm’s work, she said.

In its 2011 engagement letter with Aurora, Allonhill wrote: “None of the prior work or the potential future work will affect the independence of Allonhill in performing the Foreclosure Review.”

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