At this point there have been articles in newspapers, internet sites, magazines and stories on the radio and television about the foreclosure mortgage mess in the United States. Attorney General’s in all 50 states are now involved in investigations regarding bank practices that have led to the mortgage foreclosure issues that exist in the Unites States. Situations have been uncovered involving various financial institutions where individuals signed affidavits in foreclosure proceedings that they knew nothing about. They alleged in sworn affidavits to be presented to courts that they were familiar with and had reviewed the paperwork and files regarding homeowners houses being placed into foreclosure proceedings. The affidavits were lies. In some cases the individuals signing these affidavits signed as many as 15,000 affidavits in a month. Is would be physically impossible to review that many files.
Loan Modifications
The Attorney General’s hope to use their investigation to force large financial institutions and banks to be more cooperative with regard to working with homeowners concerning loan modifications.
State Action And Not Federal Action
State Attorney General’s have been in the forefront of pressuring banks and other
financial institutions with regard to the problems involving sub prime lending. The Attorney General’s in the states are much closer to these proceedings then the federal prosecutors. The states have been much more aggressive in dealing with the issues of predatory lending practices.
About Our Firm
For more than 45 years our law firm has assisted individuals with mortgage modifications, foreclosure defense and lawsuits involving creditors. We have expertise in defending homeowners in foreclosure lawsuits. We have litigated cases involving predatory lending practices. We are also familiar with the issues involving failed mortgage modification programs. Should you, a friend or family member be involved in a foreclosure. You need a foreclosure defense attorney to represent you. Our experience in representing individuals in all aspects of foreclosure defense including but not limited to foreclosure defenses and litigating foreclosure issues makes us one of the foremost foreclosure defense law firms in the metropolitan New York area. Feel free to call us for a free consultation at 516-561-6645, 718-350-2802 or 1-800-344-6431. We are available 7 days a week.
