It's a tough job, he says, one that keeps him working long hours, but saving however many homeowners he can from foreclosure makes it all worthwhile.
"It drives me crazy: The attitude that banks have about the hard-working, ethical people I represent, whom they accuse of not keeping up with their responsibility of paying their home and calling them a moral hazard," Ice told HousingWatch.
"What about the moral hazard of banks getting bailed out by the government and the robo-signers," he asks, "who are in essence committing perjury and claiming they have personal knowledge of these documents when in fact they don't? It's simply not true."
It's this kind of behavior, which Ice feels could lead to mass corruption and an overall mistrust of the court system, that worries him.
He says that he spends his time requesting simple documentation to prove that notes are actually in the trust -- a handful of pages. They include the Pooling and Servicing Agreement (PSA), the Mortgage Backed Security (MBS) and finally the Trustee Certification, which is basically the trustee acknowledging that they received all these notes that are in the trusts, and the notices. It's a very complex issue and that's why these folks who face foreclosure need to hire an attorney, he said.
"I think the robo-signers were designed to cover these things up because foreclosure cases."
It's these improprieties that are driving Ice's work. And the robo-signers' actions actually have caused several foreclosure cases to be dismissed, only to see them filed again. In some of the cases, they were dismissed because his firm's findings were so compelling that a permanent dismissal was necessary -- not allowing them to be filed again.
Ice has a possible solution that he's proposing to the federal government. His hope is that the government would stop encouraging servicers to do loan modifications. Ice says they don't work: In essence, they trap the soon-to-be-foreclosed homeowner into making payments and the home is eventually lost to the bank anyway. Instead, he says, government should consider programs for principal reduction and adjusting the payments in a way that allows homeowners to make their payments.
It's obvious to Ice, as well, that there's a long road ahead. But recent government action to freeze foreclosures and to examine robo-signers more closely are being seen by some as steps in the right direction, and Tom Ice is one of those credited with making both happen.
For more on mortgages and related topics see these AOL Real Estate guides:
More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find homes for sale in your area.
Find foreclosures in your area.
Get property tax help from our experts.