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  • Discovery Tactics

Who Forced BLOOMBERG To Shut Down ALL Audit Service Providers? Can You Say Tortious Interference?
| February 20, 2013

DISCLAIMER: THE CONTENT IN THIS BLOG IS FOR INFORMATION PURPOSES ONLY AND IS NOT TO BE MISCONSTRUED AS LEGAL ADVICE! Anthony Martinez is a Litigation Discovery Expert, Consultant and Strategist.  Neither Anthony Martinez nor his firm AMA engage in the practice of law and only provide Legal Process Outsourcing Services (“LPO”) to licensed practicing attorneys.  AMA will provide public information only and will not provide any kind of advice, explanation, opinion, or recommendation to a consumer about possible legal rights, remedies, defenses, options, selection of forms or strategies.

Obtain the most advanced, state of the art Securitization and Forensic Audit Analysis Report from e-Logic Group (www.e-logicgroup.com).

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As you may have heard, Bloomberg shut down the loan level searching functionality of its terminal.  What you may not know by now however is that Bloomberg has completely TERMINATED most if not every audit service providers contract.  Now for those of you familiar with the contract terms, Bloomberg had the right to terminate the contract at any time.  But what if Bloomberg was told, forced or otherwise convinced to shut down and terminate service providers contracts?  Wouldn’t such an act constitute tortious interference with contract or perspective business advantage?  Hmmm… I think someone may have step into the poop on this one because one thing is certain, the use of the Bloomberg Terminal is a revenue generator for Bloomberg who is not a defendant in real property litigation cases but the big five and many more are!

Well Mr. Bank man, all so powerful feeling good as you dealt your blow to the service providers I have news for you.  The moment you are discovered you should know a class action is forming and will be waiting in the shadows for your tortious interference.  As I write this, service providers around the country, large and small are signing up to give you quite the spanking!

For some homeowner defense attorneys who don’t know how to properly use securitization audit information properly, audit reports have been somewhat improperly demonized.  Regardless to opinion one thing is certain, securitization audits have dealt a blow to the banks increasing their litigation const for contested foreclosure cases and new lawsuits against the banks.  A proper audit report at the very least gives you insight into factual loan information about the life of your loan and the roads it travelled.  A good audit report should be able to not only identify the parties who may have owned your loan but should also point out the conflicts between what was found in county records and SEC records, if the loan actually went into the trust and if so when.  It should also be able to point out a number of other important facts and factors.  e-Logic Group (www.e-logicgroup.com), an advanced provider of securitization analysis, goes a step further and provides litigation discovery, tactics and strategies to attorneys which include state specific and relevant case-law, admissions, interrogatories, RFP’s and insight into instrument negotiability and other factors.

Join me tomorrow night, Thursday February 21, 2013 at 8pm on my Blog Talk Radio Show – Who Stole Your Loan where I will be discussing Securitization – The Truth About Your Loan!  See you all then!



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