Professor Adam Levitin of Georgetown University has been outspoken in his criticism of the Too Big to Fail Banks and the way they have handled the process of placing homeowners notes into investment trusts (A process called securitization). Professor Levitin has made regular and frequent statements regarding the sloppiness of financial institutions when it comes to the management and tracking of homeowners loan. This has included testimony before Congress and interviews with national media outlets.
Professor Levitin along with Tamra Twomey have published a position paper regarding the legal requirements to have a valid foreclosure. Professor Levitin’s work should be on the radar of every bankruptcy/ foreclosure defense lawyer in the Nation.
An online discussion of the position paper is being held at creditslips.org.