It seems that daily, Altisource is under assault for the actions of their Prime Vendors. In conjunction with this is the salient fact that Altisource is a Member of the National Association of Mortgage Field Services (NAMFS). For years now, Altisource has known that some of their Prime Vendors have been defrauding Members of Labor. In fact, Foreclosurepedia had been in direct communications with Altisource’s Associate General Counsel as early as 2013 documenting the Buczek Enterprises #FraudFest; the Michigan Realty Solutions #FraudFest; the Berghorst Enterprises and Heritage Home Solutions #FraudFest — in fact Heather Berghorst owned both Firms and was the former and now disgraced NAMFS Secretary whom completed her SECOND BANKRUPTCY and was ordered by a federal judge to repay Members of Labor and is additionally being sued by Fifth Third Bank for Willful and Malicious Injury.
There is a widely held belief that legal negotiations are confidential in that communications made during those discussions may not be introduced in subsequent legal proceedings. However, this first major analysis of the primary vehicle responsible for providing this protection – Federal Rule 408 and related state laws – demonstrates how this is no longer true. Rather, relatively few legal negotiations today are covered by the rules, and the federal and state courts have carved out significant exceptions that render the rule a virtual nullity. This is especially problematic modern legal negotiation emphasizes significant disclosure of sensitive information.
Altisource has been running their Forty Cents On The Dollar hustle for over a year now. Here is how it breaks down: Members of Labor pony all labor and material, interest free, for months and months. The services they perform are supposed to be paid for a rates sometimes as low as twenty cents on the original dollar. Then, Altisource’s Prime Vendors begin to refuse to pay Members of Labor and threaten to sue them if they open their mouths. Finally, Altisource pretends to give a fuck and steps in to offer ONLY FORTY CENTS UPON THE ORIGINAL TWENTY CENTS ON THE DOLLAR to pay Members of Labor! This is the epitome of insanity or, as I truly believe, an organized conspiracy of racketeering that while publicly Altisource does not approve of, privately they lick their lips as actuaries do take offs on the real profit margins. No different in this than the fact that when a pharmaceutical company creates a new drug they do a take off on how many consumers will get sick and how many will die. Then, out of that pool, how many will be able to sustain litigation to the end to obtain a measly settlement.
If you are owed a single dime from any Order Mill whom had Altisource as a Client, Foreclosurepedia has established a Working Group to help you collect. We are having success, so far, in leveraging many of the Prime Vendors to begin making payments and of course Altisource is offering their Settlements. Feel free to reach out to us today for an Initial Consultation if you are ready to get paid! We marry a combination of Consumer Financial Protection Bureau (CFPB) Complaints with Media Releases streaming both to US Representatives and local law enforcement and media outlets. The hallmark of our success is the bankruptcy of hundreds of millions of dollars worth of NAMFS Members over the past two years.
The fall out of the Altisource debacle will be with us for years to come. Lives and businesses have been destroyed all under the watchful eye of Altisource; their Legal Department; and a plethora of high level Altisource staffers. The worst thing which can happen right now is for Members of Labor refuse to step forward. Unless and until the drones on the Drive By Social Media are disregarded with respect to their Keep Your Mouth Shut policy, no one is going to get paid. Reach out today — REACH OUT NOW — if you want to begin the Process of Getting Paid. Love me or hate me; just like Rush Limbaugh, the reality is that Foreclosurepedia gets results.
