Genstar Financial Set To Stop Foreclosure Actions in Ohio

PRLog (Press Release) - Dec 15, 2009 -
Sandusky, Ohio—With the mortgage crisis in full swing, Genstar Financial Inc. has just launched it’s operations into the heart of Ohio’s real estate meltdown, Cuyahoga county, and intends to stop foreclosure suits and challenge the documents these actions are based on.

Real estate consultant and company founder Phillip Van Buren hopes that his firm’s mission to inform unknowledgeable homeowners will begin a sea change of empowerment and more balance to the side of consumer rights.

For the last 2 years, the mortgage securitization scheme, which victimized both homeowners and end investors, has ravaged the economy and left the borrower underwater, out of work and in with no means to stop foreclosure.  But the tide is turning.  Genstar’s attorneys have been raising as a defense that the lender lacks standing (i.e., not the real party in interest under Ohio Civil Rule 17(A)) as the correct party to bring the foreclosure action based on the exhibits filed with a foreclosure complaint. To date, several Ohio foreclosure cases have been dismissed based on this principle.

With over 18 years of experience in the mortgage and real estate industries, Van Buren realized the need to provide consumers with the ability to defend themselves against what amounted to unlawful home seizures.  “I understand my client’s perspective and where they are coming from,” he says. “Most homeowners don’t think they have any grounds on which to stop foreclosure.”

“But not only don’t homeowners know what the law says on this matter of standing, most attorneys are not aware of this rule either, which makes what we do absolutely critical”.  “Our mission is to get the word out to both attorneys and homeowners.”

Van Buren continues that Genstar Financial is looking for aggressive small law firms to partner with in both the Ohio and Michigan marketplace and expects that by mid 2010, they will have operations in 7 of the larger metropolitan areas over the 2 states.

“Our goal is to form partnerships where both parties benefit,” continues Van Buren.  “We want to build long-lasting relationships with other attorneys and teach the principle of standing to stop foreclosure actions.”

About Genstar Financial:

Genstar Financial is a real estate consulting and marketing firm.  Its principles have a combined total of over 50 years in the real estate, mortgage and marketing arenas.  For further information, please contact us at: 313-868-5473, or visit us at:  www.foreclosuredismissed.com

Photo:
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