The real estate market in the Hamptons, in New York is doing well. The Hamptons, where the rich and famous spend their summers is recovering from the real estate crisis. The closing rate in the Hamptons rose more than 10% in the third quarter of the year. Where there has been a continued slump in other real estate markets, the Hamptons is recovering.

The medium home price for a house in the Hamptons is up more than 20%. The average house in the Hamptons can sell for nearly one million dollars. The market for luxury homes for five millions dollars or more in the Hamptons has recovered at an even faster rate than the rest of the market in the Hamptons. During the third quarter of last year, there were more than 50 sales of homes for more than 5 million dollars in the Hamptons on Long Island.

Hamptons Real Estate Tied to Wall Street Earnings

It is said that when Wall Street does well, the real estate market in the Hamptons jumps. It seems that buyers in the Hamptons have greater confidence that the real estate market in this area of New York will continue to do well.

While protestors spend freezing nights in Zuccotti Park in Manhattan protesting the unequality over financial markets controlled by Wall Street, financial institutions, and banks, the residents of the Hamptons in New York State (who are generally in that top 1% of the American economy), find that real estate is recovering in their favorite vacation area. Whoop-de-do!

Foreclosure Opportunities

If your house is in foreclosure, I can help you. I have been representing individuals with foreclosure related problems for more than 45 years. The lawyers at my law office aggressively represent individuals and families whose homes are foreclosed upon and keep them in their homes. We appear at foreclosure court conferences for our clients. We also litigate foreclosure lawsuits by submitting detailed Answers to Summons and Complaints with defenses such as defective foreclosure lawsuits, defective mortgages, predatory lending, and numerous other real estate related defenses.

In some situations, foreclosure related bankruptcies are the most ideal way to handle foreclosure problems. In these cases we can file either Chapter 7 or Chapter 13 bankruptcies on behalf of our clients. Filing a bankruptcy not only stops foreclosures from moving forward but it can eliminate credit card debts and other financial obligations. At the end of the bankruptcy we can help educate our clients as to re-establishing their credit.

Call us for a free consultation. At our initial meeting we will discuss all of your foreclosure options and explain how we can keep you in your home!

A lawsuit has been instituted against 13 banks and mortgage companies for overcharging American Veterans. Among the banks sued in this lawsuit are Bank of America, JP Morgan Chase, PNC Bank and Wells Fargo Bank. The lawsuit alleges that the banks had hidden charges and illegal fees that were passed on to the American Military Veterans when they refinanced the mortgages on their homes.

Under the rules set forth by the Department of Veterans Affairs, lenders cannot charge certain fees. To get around these rules, financial institutions “increased another set of fees”. They did this without explaining to the Veterans what they were doing.

Veterans Overcharged In Hundreds of Thousands of Cases

The lawsuit claims that hundreds of thousands of veterans were overcharged when they refinanced their homes. Each of the veterans paid between $300.00 and $1,000.00 more than what was fair and reasonable under this program supervised by the U.S. Department of Veterans Affairs. The lawsuit claimed that these loans were fraudulent and misleading. It is estimated that approximately 30,000 cases of overcharging veterans exist. Most of these real estate transactions took place before 2007.

Wells Fargo Agrees to Ten Million Dollar In Refunds

In February of 2011, Wells Fargo Bank entered into an agreement to refund ten million dollars to veterans who were overcharged. JP Morgan Chase has acknowledged that it also overcharged thousands of military veterans and active military personnel with regard to mortgages. The company also admits to improperly foreclosing on twenty homes owned by American military personnel. The overcharging of veterans by financial institutions is just another example of improper bank practices that defraud consumers in the United States.

Long Island Foreclosure Defense Lawyers New York Foreclosure Defense Lawyers

The foreclosure defense lawyers at the Law Offices of Schlissel DeCorpo have been representing homeowners fighting to keep their homes for more than 45 years. Our law firm represents homeowners throughout the Metropolitan New York area with regard to foreclosure lawsuits. We attend foreclosure court conferences on behalf of our clients. We submit a variety of foreclosure defenses in our Answers to Complaints served on our clients. Among the defenses utilized by our office are predatory lending, defective foreclosure lawsuits, and defective mortgages. Our office has extensive experience in dealing with all types of real estate related cases.

Filing bankruptcy is another means of Long Island bankruptcy lawyers dealing with foreclosure lawsuits. Our office also files both Chapter 7 and Chapter 13 bankruptcies on behalf of our clients. The filing of bankruptcy eliminates credit card debts, as well as all other types of debts. Filing for bankruptcy stops foreclosures from moving forward and stops all other types of debt collection activity. Call us for a free consultation. We will explain all of your foreclosure options at that time.

Steven J. Baum, P.C., New York’s largest foreclosure firm, will be closing its doors shortly. The firm, headquartered in Amherst, New York, employs approximately 70 employees, with approximately 22 employees on Long Island. Freddie Mac and Fannie Mae recently advised the Steven J. Baum, P.C. that they can no longer represent them with regard to government sponsored foreclosures.

Firm Fined Two Million Dollars

The law firm has recently been subject to a variety of investigations concerning its foreclosure practices, and was recently fined two million dollars for errors involved in court filings and foreclosure proceedings.

Last year the law firm was involved in more than 17,000 foreclosure proceedings throughout the State of New York, and brought approximately 1/3 of all theforeclosures that took place in New York State.

Foreclosure Mill

In a New York Law Journal article, the foreclosure law firm was referred to as a foreclosure mill. Mr. Baum responded to this criticism by stating foreclosure attorneys are “an easy target for criticism.”

New York Attorney General’s Investigation of the Baum Firm

After receiving news of the Baum’s Law Firm closure, a statement was made by a representative of the New York Attorney General, Eric Snyderman, who stated “we cannot comment on the ongoing investigations, Attorney General Synderman will continue to bring accountability to the firms responsible for the mortgage crisis and put an end to abusive foreclosure practices that have devastated families across the state.”

Long Island and New York Foreclosure Defense Lawyers

If your home is in foreclosure, the Law Offices of Schlissel DeCorpo can help you. We represent individuals and family members in foreclosure proceedings throughout the Metropolitan New York area. We submit written Answers to foreclosure lawsuits dealing with issues such as predatory lending, defective mortgages and defective foreclosure lawsuits. Our firm is experienced in real estate litigation related to foreclosures. We also assist our clients in obtaining mortgage modifications. You can contact us for a free consultation and at our initial meeting we will explain all of your foreclosure options.

Sometimes filing a foreclosure related bankruptcy presents the best defense to a foreclosure proceeding. We file Chapter 7 and Chapter 13 bankruptcies on behalf of our clients. Filing of a bankruptcy stops foreclosure proceedings from moving forward and stops all other debt collection practices. At the end of the bankruptcy filing we can educate you as to how to re-establish your credit. For a free consultation at 1-800-344-6431, 516- 561-6645 or 718-350-2802, we can help you keep your home!

Visit –New York Fathers Rights Lawyers