Debby Reagan’s Letter To James Frechette, Investigator In Maine’s Office of Securities, Reported By The Lisbon Reporter

Debby Reagan responded to the “Recent settlement by Maine on Robo-signing.” Read more, click here.

Debby wrote to James R. Frechette, Investigator, in Maine’s Office of Securities within the Department of Professional and Financial Regulation and other state legislators.

The Office of Securities protects Maine investors by investigating and prosecuting violations of the securities laws; licensing broker-dealers, agents, investment advisers, and investment adviser representatives; and reviewing registration statements and exemption filings for securities issuers that are seeking to sell in Maine.

Leon Bard also has a handle on this. “In Regards to the recent AG Settlement. There is something wrong when our state government collects money from a bank and or their servicer for wrong doing, but at the same time allows their courts to proceed with a foreclosure that is laced with the very same wrong doing.”

States Leon “The recently announced Maine Attorney General Settlement with Lender Processing Services, Inc., brings to light the irony in which mortgage/foreclosure fraud is dealt with here in Maine.

Apparently the executive branch of our state government recognizes the fraud committed by LPS, Inc., in fact they are going to receive $500,000 as per the settlement. Are the victims of this fraud going to receive any compensation? Has a chicken got lips?

Now on the other hand, we have the judicial branch NOT RECOGNIZING the exact same fraud! This is happening in both Debby’s case and Tim Cason’s case. I’d be willing to bet that these are not isolated cases. A close look at Maine’s organizational chart reveals that Maine’s Judicial Branch is under Maine’s Executive Branch. Is there any way to get the AG’s office to train the administrative hearing officers (so called judges) in our judicial branch, how to recognize mortgage/foreclosure fraud? If not, then maybe the only relief in sight for the victims, is to file claims on the judge’s liability insurance or bonds. ”

Let’s keep an eye on Mr. Frechette and the elected officials who received Debby’s correspondence!

Homes are not only “taken” through fraudulent foreclosures, they are also stolen “behind closed doors.” The City of  Biddeford has this down pat!

 

 

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