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PART ONE: UNDERSTANDING THE EVOLUTION OF THE PROBLEM-INDUSTRY WIDE PARTICIPATION IN PREDATORY LENDING THROUGH OVERLY AGGRESSIVE AND FRAUDULENT PRACTICES 

Bank loans in the past seven years were frequently “securitized” and sold in large packages to various trusts and servicing companies (i.e. MERS etc.) without having documents transferred properly -- especially a properly executed and authenticated Note as required by the UCC and various concurrent New Jersey state laws. As a result, thousands of loans are being pursued and attempted to be foreclosed upon without proper documentation, and therefore without the requisite standing and subject matter jurisdiction. However, the Courts often miss these requirements because so many causes of action are reduced to final judgment of foreclosure through default judgment, and judges can’t scrutinize the default documents properly without an aggressive defense attorney because they can’t realistically be aware of these improper shortcuts.  Join experienced Real Estate practitioner Gary Grant in Part One of this CLE series that provides New Jersey attorneys with a detailed overview of this national crisis and the defenses available for residential homeowners whose homes are being foreclosed upon.

Please Note: For Newly Admitted Attorneys in New Jersey this course falls under the New Jersey real estate closing procedures subject area 

Agenda:
I.     Review of the UCC
II.    Standing and Related Subject Matter Jurisdiction
III.   Analyzing Your Case
IV.    Robosigning
V.     Confusion Over Assignments of Mortgage