Posts Tagged ‘action’

Bank Loan Modification Programs Cause Frustration

Monday, January 31st, 2011

What took the newspaper so long to figure this out? Today’s article in the Sarasota Herald Tribune, “Loan modification program amplifies frustrations,” is long overdue. (http://www.heraldtribune.com/article/20110131/ARTICLE/301319999/2416/NEWS?Title=Loan-modification-program-amplifies-frustrations)

In this author’s experience, no lender’s loan modification program has produced a modification and nor appeared to be a “program” for so doing.

Worse, homeowners are now forced to go to mediation with the foreclosing lenders where they disclose all of their financial information – a move which will certainly help the bank continue its pursuit of the debtors after the foreclosure is completed – and are then ignored, delayed, and frustrated by the bank’s indifference and unwillingness to work out a new deal. In most cases, the homeowner simply wants to reduce the amount of the monthly payments and to extend the time during which payments will occur.

Lenders and borrowers need competent local counsel in all foreclosures. Local counsel can help work out loan modifications or determine, relatively quickly, that a modification is not an option.

Florida Attorney General Inquiry Regarding Foreclosure Law Firms

Thursday, January 20th, 2011

The Sun-Sentinel recently reported that Florida Attorney General Pam Bondi had expanded its investigation of foreclosure law firms.  The Florida AG’s office is now examining whether these firms were submitting court documents seeking, among other things, inflated fees for process serving and filing foreclosures before the lender or loan servicer shows that it has a legal interest in the mortgage.

The perceived benefits lenders see in foreclosure mills are quickly being replaced by potential liabilities.  Lenders, and borrowers, need competent, local counsel for foreclosures.

Best Legal/Courtroom Thrillers

Sunday, December 5th, 2010

While no one wants to be a defendant in a criminal action or a party to a civil lawsuit, everybody enjoys reading about trials! 

For those in need of a stocking stuffer, here’s a link to some great courtroom and legal thrillers – http://addictivebooks.com/court/court_1.htm

Proving And Defending Age Discrimination Claims After Gross v. FBL Financial Services, Inc.

Friday, November 12th, 2010

By:  Kurt E. Lee, Board Certified Business Litigation Lawyer

Last year, the United States Supreme Court published Gross v. FBL Financial Services, Inc., 129 S.Ct. 2343 (2009), and established a new standard of proof for federal Age Discrimination in Employment Act (“ADEA”) claims.  The Court held that proof that age was a “motivating factor” for an adverse employment action was insufficient and that plaintiffs must meet the more stringent “but for” standard of proof.  Stated another way, the Court held that “a plaintiff bringing a disparate-treatment claim pursuant to the ADEA must prove, by a preponderance of the evidence, that age was the ‘but-for’ cause of the challenged adverse employment action.” The Court also rejected the idea that the burden of persuasion shifted to employers to prove that it would have made the same decision regardless of the plaintiff’s age.  In short, the Gross decision may make it more difficult for plaintiffs to prove ADEA age discrimination claims.

Although the law has changed, it appears that the Supreme Court’s ruling has had little practical effect.  A writer in “Corporate Counsel” recently observed that plaintiffs having evidence sufficient to defeat summary judgment on an employer’s defense that age was, if any factor, only one of the factors which went into the adverse employment decision, usually have sufficient evidence to prove “but for” causation.  (See http://bit.ly/bMX32h)  Hence, the “Corporate Counsel” advice to probe a plaintiff’s proof through discovery to determine whether there is evidence of performance deficiencies or other factors which were considered by decision makers.  (Id.)

Of course, no employer wants to engage in discovery or even be involved in ADEA litigation.  Thus, employers subject to the requirements of the ADEA should actively do their best to avoid litigation.  Employers should not refuse to hire, terminate, or otherwise discriminate against persons who are 40 years old or older, solely on the basis of age (or on the basis of sex or race, for that matter).  For example, if economic forces are causing an employer to make lay-offs, an employer should not lay-off older workers simply because of their age.  Employers should also consider whether apparently neutral employment policies and practices have a disparate impact upon older employees.

Once again, Mom’s advice is right on – an ounce of prevention is worth a pound of cure!