NEW WEB SITE DEDICATED TO PREDATORY LENDING AND MORTGAGE FRAUD LAW
Los Angeles, CA –(May 4, 2012) – Kenneth Eade, a Los Angeles based attorney, announced today that he has established http://suepredatorylender.com., an informational and service oriented web site, dedicated to mortgage fraud and predatory lending law. “After groundbreaking victories against lenders, I have decided to reach out and educate the public about the mortgage fraud epidemic,” said Eade.
Many people have fallen victims of mortgage fraud. Some have lost their homes to foreclosure, had their credit rating ruined, and suffered unspeakable damage at the hands of predatory lenders. Robo signing, falsification of mortgage documents and affidavits, and the failure to follow Pooling Service Agreements in loan securitization and the issuance of mortgage backed securities has cast doubt on the ownership of many mortgages and whether the servicing lender even has the right to foreclose or collect on them. First and second mortgages have been combined as purchase money loans, which unscrupulous lenders still seek to collect deficiency balances after foreclosure, in states that prohibit collection by law. Lenders have duped people into mortgage loan workouts or due date extensions or the HAMP program, only to end up foreclosing on them after receiving hefty payments. “The big banks have huge political clout, crashed the economy, got a bailout from the government, and now they are making billions in profit, foreclosing on homes and expecting the homeowners/taxpayers to pay back the government,” said Eade. “I’m hoping for the next class action plaintiff who is not afraid to take them on,” he added.
About Kenneth Eade, Attorney at Law
Kenneth Eade is an attorney, based in Los Angeles, California, specializing in international law, transactional and corporate law, complex business litigation, securities litigation, Contract Law, Corporate Law, General Commercial And Business Law Matters, Licensing Agreements, Mergers & Acquisitions. He is a member of the Bar of California, the federal District Court for the Central District of California, and the Ninth Circuit Court of Appeal. He holds a Juris Doctor in Law from Southwestern University School of Law, and a B.A. in Liberal Studies from California State University, Northridge. He is also an accomplished filmmaker.
Law Office of Kenneth G. Eade
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