Friday, November 12, 2010

Foreclosure Lawyers Put Second Mortgages on Clients' Homes - NYTimes.com

Foreclosure Lawyers Put Second Mortgages on Clients' Homes - NYTimes.com: "“We thought, ‘Why don’t we use a bit of ingenuity to find an affordable way to represent them?’ ” said Peter Ticktin of the Ticktin Law Group in Deerfield Beach, Fla. “It’s a new model, a new paradigm.”

Foreclosure defense is a new legal specialty whose strategies and techniques are still being worked out. Mr. Ticktin, who has some 3,000 foreclosure clients, says his plan to collect fees by taking another mortgage on his clients’ properties has already been copied by other firms."

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On your left: the frying pan.
On your right: the fire.

Take your pick.

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