Florida Ballot Initiative: Judicial Merit Retention

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Florida voters are being asked to vote whether to retain the Florida Supreme Court justices and appeals court judges listed on the ballot. This is called judicial merit retention.

Under judicial merit retention, justices and appeals court judges appear on the ballot in staggered six-year terms. This year’s election provides voters the opportunity to review three Supreme Court justices (Justice R. Fred Lewis, Justice Barbara J. Pariente, and Justice Peggy A. Quince) and 15 appeals court judges. They all reached their positions originally after being carefully screened by Judicial Nominating Committees and appointed by Florida governors in a process known as judicial merit selection.

Research from The Florida Bar suggests that many Florida voters are unclear of what judicial merit retention means. Often, they skip this section of the ballot. Informing you about merit retention and making available information that could help you in making informed decisions is the goal of a campaign sponsored by The Florida Bar, called The Vote’s in YOUR COURT.

The Florida Bar encourages you through this program to learn about the justices and judges up for merit retention votes so that when Election Day arrives, you will feel confident of your decisions. The vote is in your court.

By law, The Florida Bar — as an official arm of the Supreme Court of Florida — may not endorse or oppose any political or judicial candidate, or otherwise engage in partisan political activities.

Click on the link to read more about Florida Judicial Merit Retention.

A Public Service Announcement from the Fort Lauderdale Law Firm of
Kahn & Resnik, P.L.

The Florida lawyers at Kahn & Resnik, P.L. are available to service your legal needs.

Our concierge approach to the practice of law reflects our philosophy of personalized and confidential attention. When you retain an attorney at Kahn & Resnik, P.L., we work efficiently and effectively to help you achieve your business and personal objectives.

We can assist you in legal matters relating to commercial litigation, divorce, disability law, real estate litigation, securities litigation, and corporate transactions.

We serve business owners, professionals and individual clients across Florida, including Miami, Fort Lauderdale, Boca Raton, West Palm Beach, Naples, Orlando, Tampa, Daytona Beach, Jacksonville, Tallahassee, and other cities throughout the state. Contact Howard N. Kahn, Esq. at 954-321-0176 or online.

Mortgage “Hustle” Results in U.S. Lawsuit Against Bank of America

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The United States has filed a civil mortgage fraud lawsuit against Bank of America Corporation and its predecessors Countrywide Financial Corporation and Countrywide Home Loans, Inc.

The Government’s Complaint seeks damages and civil penalties under the False Claims Act and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 for engaging in a scheme to defraud the Federal National Mortgage Association (“Fannie Mae”) and the Federal Home Loan Mortgage Corporation (“Freddie Mac”).

Specifically, the Complaint alleges that from at least 2007 through 2009, Countrywide, and later Bank of America after acquiring Countrywide in 2008, implemented a new loan origination process called the “Hustle,” which was intentionally designed to process loans at high speed and without quality checkpoints, and which generated thousands of fraudulent and otherwise defective residential mortgage loans sold to Fannie Mae and Freddie Mac that later defaulted, causing over $1 billion dollars in losses and countless foreclosures.

Countrywide initiated the Hustle (or “HSSL,” for “High-Speed Swim Lane”) in 2007 through its Full Spectrum Lending Division, just as loan default rates were increasing throughout the country and the GSEs were tightening their loan purchasing requirements to reduce risk.

According to internal Countrywide documents, the goals of the Hustle were high speed and high volume, where loans “move forward, never backward” in the origination process. To accomplish these goals, the Hustle removed necessary quality control “toll gates” that could slow down the origination process. For example, the Hustle eliminated underwriters from loan production, even for many high-risk loans, such as stated income loans.

Instead, the Hustle relied almost exclusively on unqualified and inexperienced clerks, called loan processors. Although loan processors had not been previously considered competent or knowledgeable enough to be permitted even to answer borrower questions, they were now required to perform critical underwriting duties. If a loan processor entered data from a loan file into an automated underwriting system called CLUES and received a rating that the loan had an acceptable risk of default (or “Accept” rating), no underwriter would ever see the loan. The Hustle also did away with compliance specialists, whose job it was to ensure that any loans that were approved with conditions had the conditions satisfied before closing.

Although loan processors were at the time entrusted with much more responsibility, they were given much less guidance. For example, mandatory checklists for performing important underwriting tasks (such as evaluating an appraisal or assessing the reasonableness of stated income) were eliminated. Loan processors were also financially incentivized to put volume ahead of quality, as Full Spectrum Lending changed its compensation plan to provide bonuses based solely on loan volume. Reductions to compensation for poor loan quality were discontinued.

Full Spectrum Lending’s senior management was repeatedly warned that eliminating toll gates for quality control and fraud prevention, and expanding the authority of loan processors and compensating them based on volume without regard to quality, would yield disastrous results. For example, in January 2008, a pre-funding quality review showed an overall defect rate of 57%, and a defect rate of nearly 70% for stated income loans. Full Spectrum Lending senior management, however, made no changes to the Hustle, and instead restricted dissemination of the pre-funding review.

As the warnings about the Hustle went unheeded, Countrywide and later Bank of America knowingly originated loans with escalating levels of fraud and other serious defects and sold them to the GSEs.

This is the first civil fraud suit brought by the Department of Justice concerning mortgage loans sold to Fannie Mae or Freddie Mac.

Fort Lauderdale Foreclosure Defense Attorney

If you or someone you know is facing a mortgage foreclosure, there are many legal considerations involved in choosing the best approach to protect yourself and your family. Contact Fort Lauderdale mortgage foreclosure attorney Marcy Resnik to discuss how you can defend your legal rights in a foreclosure. You can contact Ms. Resnik online or call her at 954-321-0176.

Mullholland Brothers Charged with Securities Fraud; Had Florida Investors

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Brothers James Mulholland, Jr. and Thomas Mulholland are charged with conducting a fraudulent, unregistered offer and sale of approximately $2 million in securities in a Securities and Exchange Commission civil injunctive action.

The SEC’s complaint, filed in U.S. District Court in Detroit, alleges that the Mulhollands operated a real estate business which involved buying, maintaining, and renting residential real estate in Michigan. The SEC’s complaint alleges that to finance the real estate business, the Mulhollands raised money from individual investors residing in Michigan and Florida through the offer and sale of securities in the form of demand notes. Beginning in at least January 2009, however, the Mulhollands’ real estate business began to experience financial difficulties. The Mulhollands continued to raise money from investors and from January 2009 through January 2010, they raised approximately $2 million from approximately 75 investors. The Mulhollands told these investors that their real estate business was profitable, they would earn 7% per year on their investment, the returns would be generated by profits of the real estate business, and that the investors could get their money back upon 30 days’ written notice.

The SEC’s complaint alleges that the Mulhollands statements to investors were false and/or misleading. The real estate business was losing money during this period, needed new investor funds to pay its bills and to pay interest to previous investors, and did not have the means to refund investors’ principal within 30 days even if a small number of them asked for their money back. The Mulhollands concealed their perilous financial condition from investors. The Mulhollands never told investors that they were experiencing financial hardship, that they were having difficulty meeting financial obligations critical to the real estate operation, or that they were contemplating filing for bankruptcy.

The SEC’s complaint charges the Mulhollands with violations of Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933 and Sections 10(b) and 15(a)(1) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The SEC is seeking against the Mulhollands a permanent injunction, disgorgement of ill-gotten gains with prejudgment interest to be paid jointly and severally, and civil monetary penalties.

James C. Mulholland, Jr., age 55, resides in St. Pete Beach, Florida. Thomas S. Mulholland, age 55, resides in Saginaw, Michigan. Since the 1990’s, the Mulhollands have raised money from investors to invest in residential real estate in Michigan, according to the SEC complaint. As of December 2008, the Mulhollands had raised approximately $16 million from investors and had acquired a total of approximately 300 properties and apartment building units. The Mulhollands used the name of their once-active company, Mulholland Financial Services, Inc. (“MFSI”), in the offer and sale of the Mulholland Notes.

Fort Lauderdale Securities Litigation and Arbitration Attorney

Contact Fort Lauderdale securities litigation and arbitration attorney Howard N. Kahn, Esq. if you or someone you know has a securities or broker dispute. He is an experienced securities litigation and arbitration attorney, and is available to assist individual investors, brokers, and brokerage firms involved in securities matters. You can reach him at 954-321-0176 or online.

Florida Ballot Amendment #5 on Supreme Court Justices

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The Florida League of Women Voters summarizes Amendment 5 as follows:

“This amendment adds a requirement that Supreme Court justices appointed by the Governor must also be confirmed by the Senate in order to take office. It also authorizes the repeal of a court rule by a simple majority of the legislature instead of the 2/3 majority now required. The amendment also would allow the House of Representatives to review all files of the Judicial Qualifications Commission without regard to whether the request is specifically related to impeachment considerations.”

The complete amendment, as published by the Florida Department of State, Division of Elections, is a bit more technical. The full text is provided below.

Proposing a revision of Article V of the State Constitution relating to the judiciary.

The State Constitution authorizes the Supreme Court to adopt rules for the practice and procedure in all courts. The constitution further provides that a rule of court may be repealed by a general law enacted by a two-thirds vote of the membership of each house of the Legislature.

This proposed constitutional revision eliminates the requirement that a general law repealing a court rule pass by a two-thirds vote of each house, thereby providing that the Legislature may repeal a rule of court by a general law approved by a majority vote of each house of the Legislature that expresses the policy behind the repeal.

The court could readopt the rule in conformity with the public policy expressed by the Legislature, but if the Legislature determines that a rule has been readopted and repeals the readopted rule, this proposed revision prohibits the court from further readopting the repealed rule without the Legislature’s prior approval.

Under current law, rules of the judicial nominating commissions and the Judicial Qualifications Commission may be repealed by general law enacted by a majority vote of the membership of each house of the Legislature. Under this proposed revision, a vote to repeal those rules is changed to repeal by general law enacted by a majority vote of the legislators present.

Under current law, the Governor appoints a justice of the Supreme Court from a list of nominees provided by a judicial nominating commission, and appointments by the Governor are not subject to confirmation. This revision requires Senate confirmation of a justice of the Supreme Court before the appointee can take office. If the Senate votes not to confirm the appointment, the judicial nominating commission must reconvene and may not renominate any person whose prior appointment to fill the same vacancy was not confirmed by the Senate.

For the purpose of confirmation, the Senate may meet at any time. If the Senate fails to vote on the appointment of a justice within 90 days, the justice will be deemed confirmed and will take office.

The Judicial Qualifications Commission is an independent commission created by the State Constitution to investigate and prosecute before the Florida Supreme Court alleged misconduct by a justice or judge.

Currently under the constitution, commission proceedings are confidential until formal charges are filed by the investigative panel of the commission. Once formal charges are filed, the formal charges and all further proceedings of the commission are public.

Currently, the constitution authorizes the House of Representatives to impeach a justice or judge. Further, the Speaker of the House of Representatives may request, and the Judicial Qualifications Commission must make available, all information in the commission’s possession for use in deciding whether to impeach a justice or judge.

This proposed revision requires the commission to make all of its files available to the Speaker of the House of Representatives but provides that such files would remain confidential during any investigation by the House of Representatives and until such information is used in the pursuit of an impeachment of a justice or judge.

This revision also removes the power of the Governor to request files of the Judicial Qualifications Commission to conform to a prior constitutional change. This revision also makes technical and clarifying additions and deletions relating to the selection of chief judges of a circuit and relating to the Judicial Qualifications Commission, and makes other non-substantive conforming and technical changes in the judicial article of the constitution.

A Public Service Announcement from the Fort Lauderdale Law Firm of
Kahn & Resnik, P.L.

The Florida lawyers at Kahn & Resnik, P.L. are available to service your legal needs.

Our concierge approach to the practice of law reflects our philosophy of personalized and confidential attention. When you retain an attorney at Kahn & Resnik, P.L., we work efficiently and effectively to help you achieve your business and personal objectives.

We can assist you in legal matters relating to commercial litigation, divorce, disability law, real estate litigation, securities litigation, and corporate transactions.

We serve business owners, professionals and individual clients across Florida, including Miami, Fort Lauderdale, Boca Raton, West Palm Beach, Naples, Orlando, Tampa, Daytona Beach, Jacksonville, Tallahassee, and other cities throughout the state. Contact Howard N. Kahn, Esq. at 954-321-0176 or online.

Former Florida GlobeTel Officials to Pay SEC Penalties

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Timothy Huff, Lawrence Lynch, Joseph J. Monterosso, and Luis Vargas, former GlobeTel executives, face more than $3 million in remedies, motions for disgorgement, civil penalties and officer-and-director bars following a recent ruling by the U.S. District Court for the Southern District of Florida.

The civil action arises from a Florida-based accounting fraud involving the former Delaware company that was headquartered in Pembroke Pines, Florida at the time.

The District Court adopted a recommendation previously entered by a magistrate judge and ordered the following remedies:

  • Former GlobeTel Communications (GlobeTel) chief executive officer Timothy Huff to pay a $1.21 million penalty and $1.5 million in disgorgement plus prejudgment interest. Judge Joan A. Lenard calculated Huff’s penalty by imposing a third-tier penalty for each of Huff’s 10 most-serious false disclosures. She also ordered him to disgorge the full $1.5 million that he received when he exercised stock options in the midst of the fraud.
  • Former GlobeTel chief financial officer Lawrence Lynch to pay a $780,000 civil penalty.
  • Former GlobeTel former executive Joseph J. Monterosso to pay a $300,000 penalty and $675,000 in disgorgement plus prejudgment interest (joint-and-severable with Luis Vargas) and Monterosso barred from serving as an officer or director of a public company for 10 years.
  • Former GlobeTel employee Luis Vargas to pay a $150,000 penalty and $675,000 in disgorgement plus prejudgment interest (joint-and-severable with Joseph J. Monterosso) and Vargas barred from serving as an officer or director of a public company for 10 years.

Starting in November 2007, the Commission brought civil actions against the defendants in connection with GlobeTel Communications Corp., now World Surveillance Group Inc. (GlobeTel). GlobeTel reported millions of dollars in telecommunications revenue from 2002 to 2006 that the Commission alleged was fake. Huff and former GlobeTel chief financial officer Thomas Jimenez were sentenced to prison as a result of parallel criminal prosecutions. See U.S. v. Huff, 09-cr-60295-DMM (S.D. Fla.); U.S. v. Jimenez, 08-cr-60367-DTKH (S.D. Fla.). GlobeTel and Jimenez previously consented to the entry of judgments against them in the Commission’s action.

Fort Lauderdale Securities Litigation and Arbitration Attorney

Contact Fort Lauderdale securities litigation and arbitration attorney Howard N. Kahn, Esq. if you or someone you know has a securities or broker dispute. He is an experienced securities litigation and arbitration attorney, and is available to assist individual investors, brokers, and brokerage firms involved in securities matters. You can reach him at 954-321-0176 or online.

Miami-Dade County Early Voting Locations

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Miami residents can vote early in the presidential elections from Saturday, October 27th through Saturday, November 3rd. Early voting locations are open daily during this time from 7:00 a.m. to 7:00 p.m.

Early Voting Locations in Miami-Dade County

Aventura Government Center
19200 W Country Club Drive
(2nd Floor Commission Area)

City of Miami – City Hall
3500 Pan American Drive
(Entrance is located at the northeast side of the building – ADA entrance is through the front door of City Hall)

Coral Gables Library
3443 Segovia Street

Coral Reef Library
9211 SW 152nd Street

Elections Department (SOE Main Office)
2700 NW 87th Avenue

Florida City – City Hall
404 West Palm Drive
(Commission Chambers)

John F. Kennedy Library
190 West 49th Street

Kendall Branch Library
9101 SW 97th Avenue

Lemon City Library
430 NE 61st Street
(Reading Room)

Miami Beach City Hall
1700 Convention Center Drive

Miami Lakes Public Library
6699 Windmill Gate Road

Model City Library @ Caleb Center
2211 NW 54th Street

North Dade Regional Library
2455 NW 183rd Street

North Miami Public Library
835 NE 132nd Street

North Shore Branch Library
7501 Collins Avenue
(Program Room)

South Dade Regional Library
10750 SW 211th Street

Stephen P. Clark Gov’t Center
(SOE Branch Office)
111 NW 1st Street (Lobby)

West Dade Regional Library
9445 SW 24th Street

West Flagler Branch Library
5050 West Flagler Street

West Kendall Regional Library
10201 Hammocks Boulevard

Visit the link below for more information
http://www.miamidade.gov/elections/vote_early.asp

A Public Service Announcement from the Fort Lauderdale Law Firm of
Kahn & Resnik, P.L.

The Florida lawyers at Kahn & Resnik, P.L. are available to service your legal needs.

Our concierge approach to the practice of law reflects our philosophy of personalized and confidential attention. When you retain an attorney at Kahn & Resnik, P.L., we work efficiently and effectively to help you achieve your business and personal objectives.

We can assist you in legal matters relating to commercial litigation, divorce, disability law, real estate litigation, securities litigation, and corporate transactions.

We serve business owners, professionals and individual clients across Florida, including Miami, Fort Lauderdale, Boca Raton, West Palm Beach, Naples, Orlando, Tampa, Daytona Beach, Jacksonville, Tallahassee, and other cities throughout the state. Contact Howard N. Kahn, Esq. at 954-321-0176 or online.

Broward County Early Voting Locations

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Residents of Fort Lauderdale, Fla. and surrounding Broward County cities can vote in any one of almost 20 early voting locations. Many regional libraries are serving as early voting sites. Check the location that is most convenient for you.

The Broward County early voting schedule for the presidential election is as follows:

Saturday, October 27, 2012 to Saturday, November 3, 2012
7:00 a.m. to 7:00 p.m.
Click to view Broward County early voting locations

In case you are curious, here is the number of registered voters by party in Broward County as of today’s date:

  • Democrat: 588,956
  • Republican: 258,683
  • Other: 283,688
  • Total: 1,131,327

If you have questions about your Broward County voter registration, contact:

Supervisor of Elections Dr. Brenda C. Snipes
Main Office & Mailing Address:
115 S. Andrews Ave., Rm 102
Fort Lauderdale, FL 33301
Days: Monday to Friday
Hours: 8:30 a.m. to 5:00 p.m.

Broward County cities, towns, and villages include: Coconut Creek, Cooper City, Coral Springs, Dania Beach, Davie, Deerfield Beach, Fort Lauderdale, Hallandale Beach, Hillsboro Beach, Hollywood, Lauderdale-by-the-Sea, Lauderdale Lakes, Lauderhill, Lazy Lake, Lighthouse Point, Margate, Miramar, North Lauderdale, Oakland Park, Parkland, Pembroke Park, Pembroke Pines, Plantation, Pompano Beach, Sea Ranch Lakes, Southwest Ranches, Sunrise, Tamarac, West Park, Weston, and Wilton Manors.

A Public Service Announcement from the Fort Lauderdale Law Firm of
Kahn & Resnik, P.L.

The Florida lawyers at Kahn & Resnik, P.L. are available to service your legal needs.

Our concierge approach to the practice of law reflects our philosophy of personalized and confidential attention. When you retain an attorney at Kahn & Resnik, P.L., we work efficiently and effectively to help you achieve your business and personal objectives.

We can assist you in legal matters relating to commercial litigation, divorce, disability law, real estate litigation, securities litigation, and corporate transactions.

We serve business owners, professionals and individual clients across Florida, including Miami, Fort Lauderdale, Boca Raton, West Palm Beach, Naples, Orlando, Tampa, Daytona Beach, Jacksonville, Tallahassee, and other cities throughout the state. Contact Howard N. Kahn, Esq. at 954-321-0176 or online.

Foreclosed Florida Homeowners May Get $2,000 Checks

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The National Mortgage Settlement Administrator will mail Notice Letter and Claim Forms in late September through early October 2012 to those borrowers who lost their home due to foreclosure between January 1, 2008 and December 31, 2011.

Qualifying loans were serviced by one of the five mortgage servicers that are parties to the settlement:

  • Ally/GMAC
  • Bank of America
  • Citi
  • JPMorgan Chase
  • Wells Fargo

Some 167,398 Floridians who lost homes to foreclosure may each get about $2,000 as part of the nation’s largest consumer financial protection settlement, according to a Sun Sentinel article titled “Thousands of South Floridians to get about $2K after losing homes to foreclosure.”

Qualifying homeowners who receive a “notice letter” must file a claim form online or by mail no later than January 18, 2013. You must have your personalized claimant ID number, which is located on the Notice Letter and Claim Form you will receive by mail, to submit your Claim Form online. Instructions are available online at the
National Mortgage Settlement Claim Filing Site.

Fort Lauderdale Foreclosure Defense Attorney

Choosing the best approach to protecting yourself and your family from a mortgage foreclosure involves many legal considerations. Contact Fort Lauderdale mortgage foreclosure attorney Marcy Resnik to discuss how you can defend your legal rights in a foreclosure. You can contact Ms. Resnik online or call her at 954-321-0176.

 

Guggenheim Securities Fined $800,000 by FINRA

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Failure to supervise two collateralized debt obligation (CDO) traders who engaged in activities to hide a trading loss resulted in a $800,000 FINRA fine for Guggenheim Securities, LLC of New York.

The Financial Industry Regulatory Authority (FINRA) also sanctioned the two traders: Alexander Rekeda, the former head of Guggenheim’s CDO Desk, was suspended for one year and fined $50,000; Timothy Day, a trader on Guggenheim’s CDO Desk, was suspended for four months and fined $20,000.

The traders deceived their customer and supported their scheme through the use of inaccurate books and records, all of which went undetected by the firm, according to FINRA.

In October 2008, as the result of a failed trade, Guggenheim’s CDO Desk acquired a €5,000,000 junk-rated tranche of a collateralized loan obligation (CLO). After unsuccessful attempts by Guggenheim’s CDO Desk to sell the position, Rekeda and Day persuaded a hedge fund customer to purchase the CLO for $950,000 more than it had previously agreed to pay by falsely presenting the CLO as part of a package of securities a third party offered for sale.

FINRA found that in an attempt to hide the trading loss on the CLO position, the traders provided the customer with order tickets that increased the price for the CLO position and decreased the price of the other positions that were part of the transaction. When the customer inquired about the pricing adjustments, Day, at Rekeda’s direction, lied and said a third-party seller of the CLO position had already settled the trade at a higher price and requested the customer pay this higher price.

The customer agreed to overpay for the CLO and in return, Day and Rekeda agreed to compensate the customer through other transactions, including pricing adjustments on six other CLO trades, a waiver of fees the customer owed in connection with resecuritization transactions, and a cash payment to the customer. The records created to document the transactions did not indicate any connection to the overpayment for the CLO.

FINRA found Guggenheim failed to conduct adequate review of the CDO Desk’s trades, documentation concerning transactions by traders on the desk, and the traders’ email communications.

In concluding the settlement, Guggenheim, Rekeda, and Day neither admitted nor denied the charges, but consented to the entry of FINRA’s findings. As part of the settlement, Guggenheim must retain an independent consultant to review and make recommendations concerning the adequacy of its supervisory procedures.

Fort Lauderdale Securities Litigation and Arbitration Attorney

Contact Fort Lauderdale securities litigation and arbitration attorney Howard N. Kahn, Esq. if you or someone you know has a securities or broker dispute. He is an experienced securities litigation and arbitration attorney, and is available to assist individual investors, brokers, and brokerage firms involved in securities matters. You can reach him at 954-321-0176 or online.

FTC Files Lawsuits against Mortgage Relief Scams

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The Federal Trade Commission has filed lawsuits in federal court to halt the allegedly deceptive tactics of three operations that preyed on distressed homeowners facing a mortgage foreclosure.

In all three cases announced this week, the FTC took action against defendants who allegedly peddled bogus mortgage relief services, in violation of the FTC Act and the MARS Rule.  The agency also charged that two of the operations violated the Telemarketing Sales Rule. The companies charged are listed below.

Prime Legal Plans/Reaching U Network. The FTC alleged that from at least mid-2010, the defendants behind this scheme marketed mortgage relief services in English and Spanish, including under the names “Reaching U Network,” and “American Legal Plans.”

American Mortgage Consulting Group. The FTC alleged that since early 2011, the defendants claimed a phony affiliation with the U.S. government, pretended to be attorneys, and promised to substantially lower monthly mortgage payments in exchange for an up-front fee ranging from $1,495 to $4,495.  Along with two companies he controls – American Mortgage Consulting Group, LLC and Home Guardian Management Solutions, LLC – defendant Mark Nagy Atalla allegedly violated “nearly every provision of the Mortgage Assistance Relief Services Rule.”

Expense Management America. Presenting themselves as the solution to all the consumer’s financial problems, the defendants have cold-called thousands of U.S. consumers from their call center in Montreal since at least mid-2010, including those whose numbers were registered on the Do Not Call Registry, according to the FTC complaint.

Note: The Commission files a complaint when it has “reason to believe” that the law has been or is being violated and it appears to the Commission that a proceeding is in the public interest. The complaint is not a finding or ruling that the defendant has actually violated the law. The cases will be decided by the court.

Read the full news article, FTC Cracks Down on Phony Mortgage Relief Schemes.

Fort Lauderdale Foreclosure Defense Attorney

Choosing the best approach to protecting yourself and your family from mortgage foreclosure involves many legal considerations. Contact Fort Lauderdale mortgage foreclosure attorney Marcy Resnik to discuss how you can defend your legal rights in a foreclosure. You can contact Ms. Resnik online or call her at 954-321-0176.