CAN AND CALL LAWYERS' EXCUSES ARE HOGWASH |
An
Opinion By Jan Bergemann Published February 22, 2012 The
arguments from lawyers of CAN (Katzman
Garfinkel & Berger) and CALL (Becker & Poliakoff) trying to
explain why their lobbying groups support the I
would like to hear how passing these amendments, could help associations
and still paying owners? Sure, banks will try everything to get out of the
liabilities they created when their irresponsible lending practices came
back to haunt community associations. One
of the lawsuits quoted names HSBC as plaintiff. Honestly, this bank has a
pretty checkered history. Just do a Google search for HSBC
lawsuits -- and you will find that HSBC always made it into the
headlines -- from Madoff to predatory lending to foreclosures. But no matter which bank is the plaintiff in these lawsuits, don't you wonder why these two law firms -- whose attorneys are making a really good living by filing and defending lawsuits -- are now suddenly concerned about associations getting sued?
The
answer is very simple: BANKS
and MORTGAGE LENDERS. If
the bill is enacted with these amendments, the attorneys for the banks
will go to the judge and say: "See, we told you so. The What
do you think the judge would say now? No
matter what these lawyers claim about their reasons to support the H 319
Safe Harbor amendments, the facts are clear: The Safe Harbor amendments
would definitely help the banks and mortgage lenders, the entities that
caused the whole financial misery in the first place. Nobody else! The
CAN and CALL lawyers
should know better than doing the bidding of the banks. They always claim
to lobby FOR ASSOCIATIONS. If H319 is good for associations, one could as
well make the claim that smoking is good for your health. In
other words: CAN
and CALL lawyers also praise
the "Speedy Foreclosure Bill" (H213/S1860) and claim it would
seriously help associations to get their money faster. Please read the
actual wording of the bill: HOMESTEADED Properties are not part of this
speed-up process. And since most of the underwater investor-owned property
was foreclosed upon long ago, most of the properties that are going into
foreclosure now are homesteaded. And these bills surely don't help
associations to collect faster from homesteaded properties. If
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