Justice Department and Attorney General Investigations

The Justice Department and the Attorney Generals in all 50 states are investigating fraud and improprieties of banks, mortgage companies and financial institutions related to foreclosure proceedings.There are approximately 33 million mortgages in the United States that could possibly be subject to litigation as to who is the appropriate owner of the mortgages, who made the transfers from one institution to another of these mortgages and who has personal knowledge of the information and facts maintained in these mortgages.

There are concerns that borrowers don’t know who they should be making their mortgage payments to.  The financial institutions are nervous that judges will stop foreclosures proceedings even where the borrowers aren’t making payments.  There are already cases where more than one bank has tried to foreclose on the same property.

Disruptions in the Housing Market

The foreclosure and mortgage crisis in the United States are causing significant disruptions in the housing market.  For the economy in the United States to turn around, for employers to start generating jobs for the unemployed and for the banking industry to stabilize, the foreclosure and mortgage crisis must be dealt with expeditiously.

Foreclosure Defense Attorneys

The foreclosure defense attorneys at the Law Offices of Schlissel DeCorpo have been representing homeowners in foreclosure proceedings for more than twenty years.  Our office takes an aggressive stand in these proceedings.  We often counter-sue the financial institutions because of their failure to fulfill all of their responsibilities to comply with various statutes and regulations.  Our office attends foreclosure conferences in court on behalf of our clients.  We assist our clients in mortgage modifications.  We discuss with our clients the problems concerning mortgage modification programs.  We actively pursue foreclosure defenses for our clients.  We also discuss with our clients defective foreclosure lawsuits and issues concerning predatory lending.

If your house is being foreclosed, we are the foreclosure defense attorneys for you.  Call us at 1-800-344-6431, 516-561-6645 or 718-350-2802.

Alleged Mortgage Scams Target Seniors

The attorney general for the state of Texas has recently filed suit against Enhanced Mortgage Corporation and Templeton Mortgage Company.  The lawsuit claims the companies fraudulently targeted senior citizens and other individuals not experienced in real estate transactions.  The firms were accused of telling senior citizens who owned property that they would receive up-front cash for their land.  Unfortunately for the seniors, they were not paid the amount of money promised and the payments were not made on the time schedule as agreed.The Texas attorney general is requesting damages in the amount of $20,000.00 for each and every violation of the “Texas Deceptive Trade Practices Act”.  The Texas attorney general has stated that it is one of many mortgage scams in the United States.

The mortgage companies chose to use owner-financed mortgages in their scams.  These are mortgages that the buyer obtains directly from the former owner instead of going to a financial institution mortgage company or bank.

There are more than 75 lawsuits currently pending against Enhanced Mortgage Corporation and Templeton Mortgage Company.  The Texas Attorney General has advised property owners who believe they have been fraudulently scammed out of assets to call the office of the attorney general toll free at 1-800-252-8011 to file a complaint.  Complaints can also be filed against these mortgage companies online.

About Our Firm

For more than two decades, our office has been representing individuals concerning mortgage issues.  We help our clients obtain mortgage modifications.  When mortgages go bad, we represent our clients in foreclosure defense.  We represent our clients at foreclosure conferences.  We litigate defective foreclosure proceedings as well as predatory lending issues.  We help our clients stay in their homes!

Should you, a friend, or family member be subject to a foreclosure proceeding, call us.  We can save your home! Our phone numbers are 1-800-344-6431, 516-561-6645 or 718-350-2802.

Home Ownership Hits Lowest Level in a Decade

There is weak demand for purchasing homes in the United States.  At the same time, banks have taken a very conservative approach with regard to giving new mortgages to perspective home owners.  There are also record amounts of homes going into foreclosure in the United States.Currently, 66.9% of the households in the United States own their own home.  This is the lowest percentage of home ownerships in the United States in the last 10 years.

There are currently approximately 19 million homes, or 14.4% of all homes and apartments in the United States, that are unoccupied.  During the past five years, there has been a significant increase in the amount of homes that have remained unoccupied.

Foreclosure Crisis

The foreclosure crisis in the United States has significantly added to the number of homes that are either unoccupied, in foreclosure or have been taken over by the bank.  The real estate market in the United States is based on supply and demand.  There is currently a large supply of homes that people seek to sell or that have been taken over by banks in foreclosure situations.  The demand by individuals to purchase these homes is not in sync with the supply.  This causes a reduction in the prices of houses being sold.

About Our Law Firm

The Law Offices of Schlissel DeCorpo is a general practice law firm that has extensive experience in handling foreclosure defense.  In addition to foreclosure defense, our office handles litigation concerning defective foreclosure lawsuits.  We also assist our clients in Chapter 7 and Chapter 13 bankruptcies, as well as preparing and submitting mortgage modifications on their behalf.  Should you have a problem, feel free to contact us.  Our phones are answered 24 hours per day, 7 days per week.  Our phone numbers are 1-800-344-6431, 516-561-6645 or 718-350-2802, or contact us by email.

Foreclosure Defense Lawyer Serving Long Island, Queens, NY

During these turbulent economic times, many families find that they are falling behind on their mortgages. When foreclosure is threatened, it is often thought that there is nothing that can be done to stop the process from moving forward. This is incorrect! We can stop foreclosures. We can tie foreclosures up in court for long periods of time. We sometimes are successful in convincing banks to accept loan modifications and withdraw foreclosure proceedings.

Our New York and Long Island Foreclosure Defense Lawyers have been fighting foreclosure proceedings for three decades. There are several alternatives to dealing with foreclosures. It is important that you contact an attorney at the earliest possible stage when you fall behind in your mortgage to plan what type of measures you will take to deal with a potential foreclosure.

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Foreclosure Defense in Valley Stream, Lynbrook, Baldwin, Malverne, Freeport, Oceanside, Long Beach, Elmont, Lakeview, West Hempstead, Hempstead, Merrick and Bellmore, New York

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We represent individuals throughout the New York Metropolitan area with divorce and child custody, personal injury, car accident, wrongful death, estate administration, nursing home and medicaid issues

The information you obtain at this website is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your particular legal issue. This is attorney advertising.

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