Many of those homeowners who have already been foreclosed on during the real estate bust had purchased in the mid 2000’s when about 70% of the mortgages were executed and then bundled with others and sold as investments on Wall Street. As it turns out, many of the original documents needed by the lenders to enforce their rights in foreclosure have been lost in this process. According to this article by Bloomberg News, this didn’t stop the big banks like Chase and GMAC Mortgage from continuing along with the foreclosure process. Attorneys General in six states are now investigating claims of homeowners claiming that their foreclosure should be overturned due to defective documentation. In fact, Chase has asked judges to postpone foreclosure rulings while GMAC has asked judges to halt evictions. Both banks have now admitted that their employees may have completed affidavits without confirming their accuracy. This could be a nightmare for lenders and title companies and a dream come true for many homeowners.
"My name is Emilio. When I was buying my property, I hired Mr William J Reinhardt Jr as my Real Estate Attorney, it was one of the best decision I ever made because he did everything in his power to make sure my purchase was successful. For example, The utilities bills left over by the person who owned the property before me. I said thank you to Bill for not allow me to pay these costly bills." - 5.0 stars | Posted by Emilio Bien Aime | October 1, 2019
"Mr. William Reinhardt Jr. is my lawyer for many years. My family and I bought and sold properties with his help and were very satisfied. I recommend Mr. Reinhardt to anyone. I give him a 5-star review." - 5.0 stars | Posted by Diana | September 19, 2019
"My husband and I loved working with William. He was very professional, efficient and went above and beyond to help us. We would HIGHLY recommend." - 5.0 stars | Posted by Leeann | September 13, 2019