Certified Forensic Loan Auditors, LLC

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Unendorsed Notes Used by Bank of New York in Foreclosures: Florida, Massachusetts South Carolina

thjf.org | June 25, 2014

When faced with foreclosure after the financial crisis of 2008, millions of U.S. homeowners filed bankruptcy cases.  In the 12-month period ending December 31, 2008, there were 1,074,225 non-business bankruptcy filings. This was a significant increase from 822,590 non-business filings in 2007, and nearly twice the 2006 filings of 597,965.  The figures were worse in 2009, with 1,412,838 non-business filings.  In 2010, the filings continued to increase with 1,536,799 non-business filings.  The first decrease was in 2011, with 1,362,847 new filings. In 2012, the number of new filings was 1,181,016. In the five years after the financial crisis, 2008 – 2012, over 6.5 million Americans (6,567,725) filed for bankruptcy.  The total is likely well over ten million because many of the filings were joint filings by spouses.

In millions of cases, the debtors were trying to save their homes from foreclosure, or simply escape the deficiency judgment that would follow them even after they lost their homes, as home prices fell over 50% in many of the hardest hit parts of the country, and the mortgage debt far exceeded the home values.

Read more.

Nancy Duffy McCarron, CBN 164780
Attorney, Real Estate Broker, BBB Arbitrator, CA Notary Public
Certified Forensic Loan Auditor, Property Manager


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CFLA was founded by the Nation's Leading Foreclosure Defense Attorneys back in 2007 to serve the Foreclosure Defense Industry and fight pervasive Bank Fraud. Since opening our virtual doors, CFLA has rapidly expanded to become the premier online legal destination for small businesses and consumers. But as the company continues to grow, we're careful to hold true to our original vision. For us, putting the law within reach of millions of people is more than just a novel idea—it's the founding principle, just ask Andrew P. Lehman, J.D.. With convenient locations in Houston and Los Angeles, you can contact Our National Account Specialist and General Manager / Member Damion W. Emholtz at 888-758-2352 for a free Mortgage Fraud Analysis or to obtain samples of work product, including cutting edge Bloomberg Securitization Audits, Litigation Support, Quiet Title Packages, and for more information about our Nationally Accredited and U.S. Department of Education Approved "Mortgage Securitization Analyst Training Certification" Classes (3 days) 24 hours for approved CLE & MCLE Credit (Now Available Online).

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