With More Loan Defaults, 2 Conn. Firms Reap Millions

Full story: Hartford Courant

The foreclosure attorneys who crowd into Judge Samuel Freed's courtroom in Hartford each Monday typically come with only a file or two tucked under their arms as they line up for the orderly process of ...

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history repeated

Meriden, CT

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#127
Jun 23, 2008
 
People who have never had to deal with the system don't know that the system is not there for them.I can smell their blissful ignorance a millon miles away. These law firms are in the business of making huge sums of money off other peoples misery. And if you don't think the process is dirty-you are stupid.

Since: Jun 08

Wallingford, CT

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#128
Jun 23, 2008
 
It gets worse with each passing day. Yesterday we learned, thanks to the Courant, that although FANNIE MAE and FREDDIE MAC are government agencies, they give a monopoly to Reiner, Reiner and Bendett and Hunt Liebert. This is really a restraint of trade and should be illegal. But nobody does anything about. Once they have been made the beneficiaries of the monopoly, the two law firms can charge any price that they wish for their boilerplate legal work and if the borrowers want to dig themselves out of the foreclosure hole, they have to belly up to the bar and pay the two law firms anything that the two lawfirms wish to charge them. And now today we learn that Reiner Reiner Bendett and Hunt Liebert have a cozy relationship with state marshals in which only those marshals that play ball with the two law firms get any work. The lawyers were caught charging $1000.00 per marshal to be on the list so they now have to use less obvious methods. How do these look themselves in the mirror each morning? Don't they feel creepy about how they earn a living? Is money all that matters to these lawyers?

Since: Jun 08

Wallingford, CT

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#129
Jun 23, 2008
 
Here is the flaw in that argument. When the borrowers try to negotiate with their lenders, the lenders tell them to talk to Reiner, Reiner and Bendett or Hunt, Liebert. When the borrowers try to talk to the lawyers,the lawyers will not come to the telephone or even return phone calls. They won't answer the mail from the borrowers. The borrowers can't try to make partial payments because the banks, upon the advice of the two law firms, won't allow them to. So the borrowers just dig into a deeper hole and get out of it unless they go to Court and agree to ALL of the terms of the lawyers, and that inevitably includes exorbitant legal fees. It is time for the US Attorney's Office to start investigating.
Look it Up

AOL

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#130
Jun 23, 2008
 
OLD GOAT Saybrook wrote:
The Lenders were in default at the beginning because of poor credit standards/evaluation [GREED]
Most of the Borrowers in the "Sub Prime " Loans are in default because of it.
I am not a Banker, but come from a family of Bankers (consider myself a 4th generation of the group.
I have submitted a program to the Board of Governors of the Federal Reserve DC, to Senator Dodd, and MANY others, and some newspapers--none have not given the courtesy of response. My proposal eliminates the high costs of foreclosure, gives relief to the Borrower, and produces almost the same yield to the lenders as the originally constructed loans.
The program was reviewed by a person with more financial knowledge than I. He agreed it could/should work.He was in the Mortgage backed lending business in a prominent firm.
Guess the only place for me to take this now is to submit a copy to the Judges handling Foreclosure Proceedings here in Connecticut. Think I will try that tomorrow by phone unless someone has a better idea
And who you think is on the State of CT Judicial Dept. Committee on Foreclosures?(to amend the process)

Partners from Hunt Leibert and Reiner. Check the Judicial wewbsite.
ricbee

Shelton, CT

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#131
Jun 23, 2008
 
history repeated wrote:
People who have never had to deal with the system don't know that the system is not there for them.I can smell their blissful ignorance a millon miles away. These law firms are in the business of making huge sums of money off other peoples misery. And if you don't think the process is dirty-you are stupid.
Its ignorance not stupidity. Can everyone know everything? This forum & my recent arrest have opened these old blind eyes.
Sue

United States

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#132
Jun 23, 2008
 
Patsy OMalley wrote:
Here is the flaw in that argument. When the borrowers try to negotiate with their lenders, the lenders tell them to talk to Reiner, Reiner and Bendett or Hunt, Liebert.
You are wrong. The borrower must negotiate directly with the lender. The attorneys NEVER negotiate on behalf of the lender. If they did, the fees would be much, much higher.
Howard

Moosup, CT

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#133
Jun 23, 2008
 
This whole business is corrupt to the core.What did these law firms do to get this work? It certainly wasn't because oftheir legal ability.
history repeated

Meriden, CT

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#134
Jun 23, 2008
 
Sue from Middlefield-you are wrong my dear....personal experience.
history repeated

Meriden, CT

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#135
Jun 23, 2008
 
Connecticut...the capital-Hartford- in particular is a dirty little place
with dirty little secrets. We like to think we are above the level of the south,mid-west,Texas.....but we are the same. Just more quiet....more back room,in my opinion-more creepy. Saw dirt in Texas-in your face. Dirt all the same-just a little bit more honest when you can put a name to it!
Jose Santiago

United States

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#136
Jun 23, 2008
 
It was only a few months ago that the law firm of Reiner, Reiner and Bendett was forced to pay $700,000.00 to the State of Connecticut for making payments to a mortgage broker who would then arrange for Reiner lawyers to represent unsuspecting home buyers. Many of these innocent home buyers were Hispanic. Many of them were not well versed in English, at least not with the complicated loan terms that appear in the blizzard of paperwork that confronts home buyers. There is no evidence that the Reiner lawyers ever had a Spanish speaker at these closings or that they made a substantial effort to make sure that people knew what they were signing. And when these poor unfortunate souls were foreclosed, Reiner, Reiner and Bendett and Hunt, Liebert were there to do the foreclosure. The attorney general should investigate whether the lawyers at Reiner, Reiner and Bendett ever represented the home buyer at the closing and then later represented the mortgage company that was foreclosing upon them. Each time that this happened, there was a blatant conflict of interest. Any legal fees taken by the Reiner, Reiner and Bendett lawyers should be disgorged. The money should go back to the State of Connecticut and used to fund an unfair trade practices lawsuit against the lawyers.
I am sick and tired of these lawfirms that prey on Hispanic people
Patsy OMalley

United States

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#137
Jun 23, 2008
 
Sue wrote:
<quoted text>
You are wrong. The borrower must negotiate directly with the lender. The attorneys NEVER negotiate on behalf of the lender. If they did, the fees would be much, much higher.
Sue, Although you are well intentioned, you obviously have no experience in dealing with the foreclsoure attorneys or the lenders. Once people are in foreclosure, the lenders usually stop talking to them. If it is a community savings bank, that is another story. These are respectable banks and they try to work with people. Also, if you look at the judicial web site for foreclosure cases, you will see that the Reiner lawyers and the Hunt Liebert lawyers almost always represent out of state mortgage companies and most of these mortgages that they foreclose on are subprime. With those mortgage companies, you can almost never get a payoff figure. When you try to talk to them, they just tell you to call the Reiner lawyers. Believe me, this is what happens. It is not right and the lawyers will always give you the brushoff, even when you are trying to pay. But sadly, this is what happens.
Cry Me A River

AOL

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#138
Jun 23, 2008
 
Jose Santiago wrote:
It was only a few months ago that the law firm of Reiner, Reiner and Bendett was forced to pay $700,000.00 to the State of Connecticut for making payments to a mortgage broker who would then arrange for Reiner lawyers to represent unsuspecting home buyers. Many of these innocent home buyers were Hispanic. Many of them were not well versed in English, at least not with the complicated loan terms that appear in the blizzard of paperwork that confronts home buyers. There is no evidence that the Reiner lawyers ever had a Spanish speaker at these closings or that they made a substantial effort to make sure that people knew what they were signing. And when these poor unfortunate souls were foreclosed, Reiner, Reiner and Bendett and Hunt, Liebert were there to do the foreclosure. The attorney general should investigate whether the lawyers at Reiner, Reiner and Bendett ever represented the home buyer at the closing and then later represented the mortgage company that was foreclosing upon them. Each time that this happened, there was a blatant conflict of interest. Any legal fees taken by the Reiner, Reiner and Bendett lawyers should be disgorged. The money should go back to the State of Connecticut and used to fund an unfair trade practices lawsuit against the lawyers.
I am sick and tired of these lawfirms that prey on Hispanic people
You're crying on this thread as well? Give me a break. Thieves have no conscience with regard to your ethnicity Jose. These lawyers steal from their mothers and sleep soundly at night. Hispanics have been pampered from day one. There's no discrmination when it comes to foreclosures and law firms like Reiner and Reiner and HLJ. They're Dbags.
Howard

Moosup, CT

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#139
Jun 23, 2008
 
Have you ever seen the lawyers at these two firms try to argue a case in court? It is pathetic. Any first year law student could do a better job. They may be talented at cozying up to a mortgage broker to get closings but they could not try a spilled soup case in small claims court.

Since: Jun 08

Naugatuck, CT

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#140
Jun 24, 2008
 
The lawyers at Reiner, Reiner and Bendett and Hunt, Liebert don't seem the least bit embarrased by the negative publicity. They don't care because they don't have to care. FANNIE MAC and FREDDIE MAC give these two firms a monopoly on legal work. Not even the $700,000.00 legal settlement that Reiner, Reiner and Bendett deterred these two government subsidized agencies from giving these two law firms an exclusive right to do the boilerplate legal work for enormous fees. I have been in Court when the Reiner lawyers were there. Believe me, there was no Clarence Darrow rising up from the Reiner table in the courthouse. But it's nice work if you can get it.
Sue

United States

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#141
Jun 25, 2008
 
Patsy OMalley wrote:
<quoted text>
Sue, Although you are well intentioned, you obviously have no experience in dealing with the foreclsoure attorneys or the lenders. Once people are in foreclosure, the lenders usually stop talking to them. If it is a community savings bank, that is another story. These are respectable banks and they try to work with people. Also, if you look at the judicial web site for foreclosure cases, you will see that the Reiner lawyers and the Hunt Liebert lawyers almost always represent out of state mortgage companies and most of these mortgages that they foreclose on are subprime. With those mortgage companies, you can almost never get a payoff figure. When you try to talk to them, they just tell you to call the Reiner lawyers. Believe me, this is what happens. It is not right and the lawyers will always give you the brushoff, even when you are trying to pay. But sadly, this is what happens.
Sadly, Patsy, you are the one that is wrong. I work with these firms every single day. The attorneys do *not* talk settlement with the borrowers. The borrowers are referred to the lenders if they want to try and come to some agreement.
MFerron

Walled Lake, MI

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#142
Jun 7, 2009
 
I hope you have done follow-up on this story...perhaps you had better post the outcome.
MFerron

Walled Lake, MI

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#143
Jun 7, 2009
 
sorry, last comment was meant for Deacon and posted comment on June 22, 2008

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