Foreclosure Attorneys Advised to Be Careful Around Loan Mods
August 29, 2011
Lex Consultings mortgage fraud examiners project is warning foreclosure attorneys to be extra careful to identify contract breaches and/or tortious conduct or face malpractice or at least disgorgement of fees from their own client. Only exposure of contract breaches and/or tortious conduct underlying a mortgage transaction provides a sound strategic basis for liberating homeowners from the bondage of mortgage foreclosure, said Storm Bradford, founder of the project. Homeowners and attorneys need to understand a promissory note/mortgage/deed of trust is nothing more, nothing less than a contract. Moreover, attorneys need to be extra careful, he added. According to several ethics