About LivingLies Blog
Neil F. Garfield, M.B.A., J.D., 66, is the winner of dozens of academic awards, a popular speaker, and author of articles and technical treatises on law, finance and economics. As a former investment banker and real estate investor, he knows mortgage securitization issues from the inside out, who the deciders are, and how they arrived at a catastrophic scheme to defraud, people, agencies, institutions, and governments all over the world. As a trial lawyer for 36 years, his efforts to spot evolving trends have helped thousands of homeowners keep their home and receive damages as compensation.
Garfield is a partner in the law firm of Garfield, Gwaltney, Kelley and White with offices in Tallahassee and Fort Lauderdale. He is a licensed member of the Florida Bar.
The former consumer advocate, trial attorney, and economist says that he “can’t watch this meltdown without lending a helping hand to those in distress.” Appearing on TV, Radio, multiple blogs, and live appearances, Garfield offers bold and sound advice for dealing with the “largest economic fraud in human history.”
His family owned seats on all major securities exchanges as Garfield & Co. from 1945-1983. He has represented borrowers, homeowners, hundreds of homeowner associations, banks, developers and private lenders.
Garfield has appeared as guest commentator on radio, TV, newspapers and magazines.
Neil has come out of retirement with one purpose in mind — to do all he can to counter the effects of the Mortgage Meltdown and save the people and the country from the disaster created by the creation of “free money” using derivative securities that not even experts understood, and targeting the least sophisticated members of society.
Living in Tallahassee, Florida, Garfield comes from a long line of Garfield creators and innovators: His great-grandfather created the first fully automated pharmaceutical plant in the United States 100 years ago, which now stands as an exhibit in the Smithsonian Institution in Washington, D.C. His cousin, Brian Garfield is a prolific and acclaimed author of fiction and movies (Death Wish, Hopscotch, Kolchak’s Gold) and nonfiction (Currently the “War in the Aleutian Islands” is a popular coffee table book). His family funded research in the 1950′s that resulted in the worldwide production of lanolin from cholesterol. The Garfield Foundation is a major contributor to wildlife refuge and environmental causes.
For over 7 years, Neil Garfield in Phoenix, Az has been researching, writing and collecting information about homeowners in distress and teaching lawyers how to litigate foreclosure defense cases. After correctly predicting the housing crash right down to the last dotted “i” and crossed “t” he began writing his blog http://www.livinglies.wordpress.com. Starting with modest results, the blog took on a life of its own and has enjoyed nearly 9 million visits from readers like you.
His basic premise, set forth in his FAQ and Mission statement is that the foreclosure mess was not a situation where millions of people suddenly appeared needing housing, but where Trillions of dollars were in search of people who could be convinced to sign their names.
His central thesis is that BOTH the investor/Lenders who advanced the cash and the homeowners who encumbered their homes were purchased with exotic, complex, and sometimes meaningless financial products, sold under false pretenses of inflated quality and value. He says the rule is simple: if you want to sell a security make it complicated. If you want to buy a security look for something simple. In the complex there is fraud, in the simple there is usually just fundamental cash flow, finance and economics. The deal was always between the investors and the homeowners. Instead the banks diverted the money and paper where they claimed ownership of the bonds and loans, cheating the investors out of money and security and stealing homes on the basis of loans that had already been paid.