The blows just don’t stop coming for Altisource in their adamant fight to box out Members of Labor from legally participating in the process of Interstate Commerce vis-a-vis performing services upon foreclosed homes which had their loans underwritten, in part, by the US Government. Façade management is not working out well for the good ‘ol boy network over at Altisource. Elements which Foreclosurepedia has brought to light over the past several years are doing their best to ensure that the smash and grab thefts which Altisource has facilitated in the defraudment of Members of Labor by and through Altisource’s Prime Vendors has reached its zenith of nefarious activity.
Pat McTaggart, the lady whom has somewhat attempted to assist Members of Labor get paid forty cents on the dollar for all outstanding debt at other Altisource Prime Vendors whom defrauded to the combined total of over several million dollars now, seems to be hellbent on hitting ten million dollars by the end of the year. I say this as with the SEAS LLC Portfolio, Altisource continued to issue thousands of work orders to SEAS LLC — even up to the last minute — knowing that SEAS LLC had not and was not paying Members of Labor. McTaggart personally spoke with multiple Members of Labor recently pertaining to the SEAS LLC mayhem and apparently could give two shits. With respect to the forty cents on the dollar, Foreclosurepedia’s opinion is and always will be that Altisource failed to perform due diligence upon its Prime Vendors and this was documented as early as 2013 in conversations between Altisource’s then Associate General Counsel and Foreclosurepedia.
Altisource had the opportunity to retain Members of Labor whom were providing the services to Altisource’s Prime Vendors whom, in turn, took the money from Altisource and then refused to pay Members of Labor. In fact, McTaggart stated she would cease sending work to SEAS LLC until Labor had been paid and the monies accounted for; however, with the recent grass cut release, it appeared obvious that someone, somewhere failed to have received that directive. More on point, McTaggart had the opportunity to onboard some Members of Labor whom covered te entirety of certain states with W2 Personnel. McTaggart chose to stick by SEAS LLC. Bill Shepro would be proud that in the same way Ocwen got fucked for refusing to obey the Letter of the Law, much less the Spirit of the Law, so to Altisource is now staring down a prolific avalanche of both Liens and Complaints — robosigned Complaints if you catch my pun — to be filed with the Consumer Financial Protection Bureau (CFPB).
The Mortgage Field Services Industry is a broken system haphazardously thrown together in a precompliance era. The dysfunctional environment within which today’s work orders are issued are, in fact, a fast track for liability. In the case of the SEAS LLC debacle, the 2014 Florida Statutes, Title XL, REAL AND PERSONAL PROPERTY §713.345 are going to come into play to press criminal charges against both Tom and Mark Newkirk along with those whom rendered aid and comfort in what appears to me to be an ongoing criminal conspiracy, crossing state lines, using electronic means in the furtherance of artifices and schemes. I personally believe that these very same laws may be applied to Altisource and Pat McTaggart in that both parties, as best I can tell, had overt knowledge of what SEAS LLC was doing and would appear to have refused to do anything about it. That is my opinion and at least neither SEAS LLC nor Altisource can back charge me for it! 😉
The reality is that the SEAS LLC debacle has been in the works since I first took them on during the Brandon Pribble Incident. And I honestly believe we will see felony convictions in this case. Reports are now coming in with respect to the fact that SEAS LLC has checks out there bouncing around in some cases for ten thousand dollars and it would appear that no one gives a damn. And of course, just like the rest of those whom commit fraud, they are allowed to remain Members in Good Standing within National Association of Mortgage Field Services (NAMFS). I also believe that, when coupled with the protection being afforded by the National Association of Mortgage Field Services (NAMFS), even the NAMFS Board of Directors will eventually come under scrutiny for allowing this business as usual scheme to continue underneath their banner. One thing is for sure, SEAS LLC is yet another NAMFS Firm Foreclosurepedia took on and has bankrupted.
