Friday, January 6, 2012

Harmon Gives Banks a Helping Hand

As if they needed one.

"Building an empire, one home at a time; He operates the largest foreclosure law firm in the state, and these hard times have made Mark P. Harmon a very busy man. Some critics assail his tactics, but Harmon is unapologetic: Lenders, after all, need zealous lawyers, too"August 07, 2011|By Jenifer B. McKim, Globe Staff

Harmon Law Offices [is] by far the state’s largest legal firm specializing in foreclosures. In Boston alone last year, it handled 40 percent of all home foreclosures - about one a day, according to a Globe review of public records. Statewide, the company has advertised more than 15,600 foreclosure auctions scheduled between January 2010 and September of this year.

With a law office, title firm, and auction company under his umbrella, Harmon has assembled a network that can slice through the complexities of a foreclosure faster than most stand-alone legal firms - it’s a one-stop shopping center for banks and mortgage companies. A reputation for speed and efficiency has attracted major clients such as Bank of America Corp. and JPMorgan Chase - in addition to Wells Fargo - which hire Harmon Law to process thousands of cases annually. It is also one of just five Massachusetts law firms on a list that mortgage giant Fannie Mae uses to farm out business.

Who is on your side, homeowner?

Critics - including consumer advocates, attorneys, and foreclosure law specialists - say the firm’s size and scope allow it to sometimes act like a bully, steamrolling over people’s rights to maximize profits. 

Isn't that what it is all about in 21st-century AmeriKa -- until the empire collapses under the insurmountable weight of war and debt? 

Among their allegations: Harmon Law has unfairly foreclosed upon homeowners who were in the process of renegotiating their loans, charged exorbitant fees, and used inaccurate or falsified paperwork.

In other words, the firm is one of the tools the criminal banks used for their foreclosure fraud.

Harmon Law also has defenders who say its attorneys do their best to perform work that can often be unpleasant.  

I'm coming to the point here I think we should just hang all the bankers and their apologists because this is getting absurd.

The criminal banks stole homes from people, period.  They should be treated like Nazi collaborators, end of story.

Mark Harmon, 66, won’t talk about specific cases, but he doesn’t apologize for his profession.

That didn't help your case.

Harmon said he sympathizes with homeowners in crisis but can’t solve their money problems. Most of the people who resort to suing his company are misdirecting their anger, he said.

As Harmon sees it, he and his employees are simply doing the bidding of clients - banks and other lenders that are owed millions of dollars....

Harmon’s law firm and auction company worked with Wells Fargo to begin the foreclosure process without technically owning the mortgage....  

Oh, so the firm is a WILLING PARTICIPANT and COMPLICIT in the CRIMINAL FORECLOSURE FRAUD, 'eh?

--more--"

Btw, the banks did need a hand:

"Most of the big banks reported third quarter gains. You may have heard that Bank of America reported a $6.2 billion profit, despite handing over its spot as the number one bank in America to Chase, which had an overall quarterly gain of $4.26 billion. Citigroup had a quarterly gain of $4.8 billion, and Wells Fargo gained $4.1 billion. Even though these aren't big enough numbers to have investors jumping for joy, there are certainly worse problems to have.... "

Yes, Globe doesn't report executive salaries or bank profits in their printed pages anymore.  

Btw, how did you do this quarter, reader?