The Associated Press has posted an article about the direct relationship between lawyer misconduct and the rising numbers of foreclosures. Crooked mortgage lawyers have certainly leveraged the mortgage crisis for their profit.
This is a nationwide problem, but the article specifically mentions the investigation of 400 attorneys by the California Bar. The California Bar is responsible for licensing and regulating the 250,000 lawyers in the state and has already received the resignations of 15 lawyers accused of ripping off homeowners. Disciplinary charges are pending.
Complaints against crooked mortgage lawyers vary widely, ranging from “do nothing attorneys” to one California lawyer was charged with
not only failing to perform vital tasks to stop foreclosures, but calling his clients “losers” during the rare occasions they could get him to return their telephone calls.
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