“Each individual transaction can cost $100 or more,” Lyon said Tuesday. “In many cases, they just avoided filing anything at the courthouse. They didn’t pay anybody.”
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EBR court clerk sues lenders in withholding fees
State District Court Clerk Doug Welborn of Baton Rouge sued 17 banks and mortgage companies Tuesday, alleging they participated in a racketeering conspiracy to avoid millions of dollars in fees on real estate transactions over the past decade.
No specific dollar amounts are included in the suit, but Welborn’s attorneys in Dallas County, Texas, said approximately $450 million in combined losses were suffered by court clerks in East Baton Rouge and 28 other Louisiana parishes.
“We’re pursuing this matter on behalf of the clerks of court,” said attorney Richard D. Faulkner from his office in Richardson, Texas. Faulkner estimated the alleged loss in East Baton Rouge Parish alone at $40 million.
Attorney Ted B. Lyon, of Mesquite, Texas, also represents Welborn. Lyon said additional suits will be filed against the same mortgage lenders and banks in Texas and several other states, beginning in about a month.
Alleged losses are expected to total billions of dollars, Lyon added. “It’s huge,” he said.
Rest here…
Complaint as soon as we can find it…
Full complaint below…
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4closureFraud.org
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DOUG WELBORN AS CLERK OF COURT v BANK OF NY MELLON, BOA, CHASE, CITI, GMAC et al
[…] on Louisiana clerks suing the banks under RICO. So I searched the go-to site on foreclosure fraud and found this post (love the graphic!), which linked to this fine story in the Baton Rouge Advocate. The reporter, Bill Lodge, had some […]
It would be a measurable victory if all the counties in the united states were to join this lawsuit.
yes, strength in numbers. Everyone pile on and drive MERS out of business.
I have the complaint en route – will send to you M.
TBTF and MERS meet RICO. Hehehe.