Compare Investors ~ Attorneys - Posted by RE Inv who would’t…
Posted by RE Inv who would’t… on March 12, 2011 at 11:21:53:
From: A RE Inv who would’t…p*ss in most Attys ears…if their brains were on fire… of course their are a few exceptions, like everything.
Now that is an excellent question that arrises from your writings… You say that: " really investors do ruin a lot of ordinary peoples lives with reckless transactions in the same way a bank does or Madoff did"
Now sitting in a different perspective than you… I have seen far more Attys screw over Joe lunch-bucket than anything that the collective group of RE investors have done. Sure, there are some rouge RE investors out there, that have done some harm… I think they are regulated and prosecuted for their transgressions by the prosecutors offc, in gen’l. But the fact that Attys are licensed to steal makes prosecuting their transgressions much tougher. They seems to have this good ole boys network called the Bar Assn… which looks after their own.
Yep, there are going to be evictions, foreclosures and other associated legal work over the next decade. If you perceive the real legal boondoggle as that of representing homeowners against RE investors, then I doubt that you are going to make it in legal practice. If you hadn’t noticed there are 1000’s of banks and other type of lenders, with some deep pockets that have committed transgression after transgression against homeowners… (not that these same ho’s are without fault either…).
You might wish to start your search by familiarizing yourself with TILA. A blind squirrel of an Atty could find the acorn in the rich hunting grounds against these banks for their numerous and frequent TILA violations.
Let me give you a real life recent example. As an investor, I advised a property owner from entering into a certain transaction with another party, due to it blatantly being Bank Fraud. I had other remdies for the person which they decided not to seek. They were in fact bent on trying to prove my advice and statements to be errant, so they dought legal advice from several high profiled Attys. The most high-profiled of the bunch, a 35 yr Vet, who serves as Bk Conservator in high profile cases. So his advice to the client was… that I didn’t know what I was talking about, “that this individual could NOT commit Bank Fraud, that ONLY A BANK COULD COMMITT BANK FRAUD”.
Now the ironly here is that the person I had avised went onto do the deal that I had advised against… that the high profiled Atty sanctioned. The indivdual was convicted of Bank Fraud and Wire Fraud several years later is WILL report to serve a multi-year Federal PRISON TERM WITHIN THE NEXT 30 DAYS. The wrong person is serving the prison term, since it should be the sleaze-ball Atty, who gave bad advice and screwed over his client. In fact that piece of crap Atty should be disbarred and then sentenced. What you say about that?
Maybe you struck a nerve here. Good luck on your endeavors Counselor!