Safeguard Properties (SGP), a Member of the National Association of Mortgage Field Services (NAMFS), dodged a bullet the other day on Federal Racketeering Charges in the Hlista v Safeguard Properties case in the US District Court in the Western District of Pennsylvania. The reality is that it is a drop in the bucket compared to the plethora of litigation against SGP winding their way through municipal, state and federal courtrooms.
U.S. District Judge Cathy Bissoon rejected their [Alexandra and Anthony Hlista] attempt to “federalize” what she described as “property preservation activities gone awry.” She dismissed the lawsuit, but left open the possibility of the Hlistas could file the case again in state court.
With this said, the reality is that with woefully inadequate performance results on the Fannie Mae Portfolio throughout the Northeast, SGP dodges merely one bullet as a Daisy Cutter is zeroing in on them. More later this evening in the Foreclosurepedia Podcast!
What a huge debt this nation owes to its ‘troublemakers.’ From Thomas Paine to Martin Luther King, Jr., they have forced us to focus on problems we would prefer to downplay or ignore. Yet it is often only with hindsight that we can distinguish those troublemakers who brought us to our senses from those who were simply…troublemakers. Prudence, and respect for the constitutional rights to free speech and free association, therefore dictate that the legal system cut all non-violent protesters a fair amount of slack.