Page 49

Bank of America Threatens Foreclosure Over $1.00 Error

January 3, 2012 by Elliot S. Schlissel

Shantel Curtis owned a home in Vernale, Utah. She sold it last year. At the time of the sale her agents were made to pay off her existing mortgage with Bank of America. However, Bank of America made a mistake and did not accept her mortgage as being paid in full. Bank of America made a one dollar “coding error”. Their records didn’t reflect the house had been sold. Their records showed Shantel Curtis as the owner.

Bank of America Forecloses for One Dollar

As a result of Bank of America’s mistake, they brought a foreclosure action against Shantel Curtis. They notified credit bureaus of this foreclosure action. This destroyed Shantel’s credit! They took all of this action even though the house was paid off and it wasn’t owned by Shantel!

More than five months have now passed and Bank of America still hasn’t sent Shantel a letter showing that his problems has been resolved.

Shantel told KUT TV, “they said they had to keep reprocessing it and this has been a game we’ve been playing ever since. They just say they need to reprocess papers.” This all took place while the current owners of Shantel’s former home had no idea what was going on. They have a mortgage, but it is not with Bank of America. The spokesman for Bank of America said that they were looking into the problem.

New York Foreclosure Defense Lawyers

If your house is facing foreclosure we can help you. The Law Offices of Schlissel DeCorpo deals with all types of foreclosure defense related situations. We prepare mortgage modification applications for our clients and we deal with mortgage modification programs that fail to meet our client’s needs. We make court appearances at foreclosure court conferences for our clients throughout the Metropolitan New York area. We prepare detailed written Answers to foreclosure Summons and Complaints. Among the defenses utilized by our law firm are defective foreclosure lawsuits, predatory lending, defective mortgages, and all other types of real estate related defenses that are appropriate in foreclosure lawsuits.

Long Island and New York Bankruptcy

Our law firm is familiar with Federal laws and foreclosure. We can file foreclosure related bankruptcies for our clients. These bankruptcies can either be Chapter 7 or Chapter 13 bankruptcies. The filing of a bankruptcy stops foreclosure actions from moving forward, can eliminate second mortgages, and stops all debt collection activity.

People sometimes believe bankruptcy myths that you’ll never get credit again if you file foreclosure, this is not true. At the end of the bankruptcy process we can assist our clients in reestablishing credit.

Call us for a free consultation. We will explain at our first meeting all of your foreclosure and bankruptcy options to you. Our phones are monitored 24/7. Call us at 1- 800-344-6431, 516-561-6645 or 718-350-2802.

Filed Under: Bankruptcy, Foreclosure, Foreclosure Defense, Mortgage Modification

Foreign Investors Who Buy a House, Get a Visa

January 1, 2012 by Elliot S. Schlissel

New York Senator Chuck Schummer seeks to bring foreign real estate buyers to the United States. He has proposed a new bill in Congress which would allow foreigners to qualify for a resident visa (green card) in the United States if they buy a house in a cash purchase of at least $500,000.00. The purchase also applies to town houses and condos.

Richard Smith, the Chief Executive Officer of Realogy, the parent organization for ERA Realty, Century 21 and Caldwell Banker, in an interview with the Wall Street Journal oppressed the bill proposed by Senator Schummer. Mr. Smith claimed that this was unnecessary because even without any of incentive foreigners are buying American property at record levels.

Between March of 2010 and March of 2011, a little over a trillion dollars was spent on the purchases of existing homes in the United States. Forty one billion dollars of this amount was spent by foreign investors. Foreign investors utilizing the favorable exchange rates purchase many of their homes on an all cash basis.

Schummer’s Bill Helps Housing Industry

Senator Schummer claims that his new proposed bill would have an affirmative affect on creating further demand within the real estate industry in the United States. In addition, this would cost the Federal Government absolutely nothing. Schummer indicated to the Wall Street Journal in an interview, home sales to foreigners would be an excellent way of absorbing the large inventory of unsold homes in the United States.

I think this is an excellent idea. Foreigners with half a million dollars in cash to put down for a home would likely not only help the housing industry, but have an overall affirmative affect on the economy in general in the United States. Americans have been spending their money overseas fighting wars and investing in foreign countries for decades. I look forward to foreigners spending millions and millions of their dollars here. It’s kind of a pay back situation.

New York Foreclosure Defense Lawyers

The Law Offices of Schlissel DeCorpo help New Yorkers and Long Islanders with regard to keeping their homes should they fall into foreclosure. We represent clients regarding mortgage modification applications. We litigation foreclosure cases and interpose sophisticated answers involving legal defenses, such as defective foreclosure lawsuits, defective mortgages, predatory lending and other related real estate defenses. Our law office has more than 45 years experience in dealing with Federal laws and foreclosure. In some instances foreclosure related bankruptcies are the appropriate way to deal with our client’s needs.

Long Island Bankruptcy Lawyers

Our law office files for our clients, both Chapter 7 and Chapter 13 bankruptcies. The filing of these bankruptcies stops foreclosure from moving forward. Bankruptcy filings also can eliminate second mortgage, stop debt collection activity and gives the clients a fresh start. There are a variety of bankruptcy myths that are not true. One of those is that after filing bankruptcy you will never to be able to reestablish credit. That is not true. We help our clients who file bankruptcy reestablish credit. Call us for a free consultation. We will discuss all your bankruptcy and foreclosure options at our initial meeting.

Filed Under: Bankruptcy, Foreclosure, Foreclosure Defense, Mortgage Modification, Uncategorized

Falling Home Prices Creating Havoc With the American Economy

December 30, 2011 by Elliot S. Schlissel

Economists in the United States are taking the position falling home prices are a significant problem preventing the economic recovery in the United States. The de-valuation of homes in the United States have cost Americans billions of dollars. The declining wealth of American homeowners has had a further negative impact on their confidence that the financial situation will improve in the future.

Richard Curtin, Professor of Economics at the University of Michigan, recently stated “people don’t expect their home to regain value, and that’s really lead to a change in consumer attitudes about the economy that we’ve just never seen before.”

Americans have a confidence problem in their future of their country. They no longer believe that the economy will necessarily improve and financial circumstances will get better. The average income of many American families has declined. The unemployment rate is still over 9%. The expectations for economic growth among Americans have fallen to one of the lowest levels in history.

The Decline of the Real Estate Market

Recent studies by economist have shown the decline in the real estate market affecting all aspects of consumer spending. It is estimated that Americans reduce their spending by twenty to seventy dollars a year for every thousand dollar decline in the equity in their home. During times of appreciation in real estate there was a “wealth effect.” The wealth effect made consumers feel that they had liquidity and, therefore, they spent more money. Often more than they actually had. The down side of the wealth effect is as home values have declined, consumer confidence has declined and there has been a negative reduction in the wealth effect, meaning that consumers feel they’re getting poorer when their houses go down in value and are less inclined to spend money.

Economy Will Eventually Recover

The prevailing view among the economists is that even though things do not look good right now, the economy will eventually get better and Americans will start spending again. Hopefully appreciating real estate prices will spear head the economic recovery.

Foreclosure Lawyers

If you are behind on your mortgage, a mortgage modification may help you. Our Law Office can assist you with the mortgage modification process. Should you find yourself facing foreclosure we can represent you in the foreclosure proceedings. Our foreclosure attorneys attend foreclosure court conferences. We litigate predatory lending issues, defective mortgages, defective foreclosures and a variety of other real estate related issues. We have extensive experience in dealing with the Federal laws in foreclosure and issues concerning foreclosure related bankruptcies with individuals facing foreclosure. You may be eligible to file either a Chapter 7 or Chapter 13 bankruptcy. These bankruptcies can stop debt collection practices, stop foreclosure and in some situations, eliminate second mortgage. At the end of the bankruptcy process we can assist you in re-establishing your credit. Call us and we will discuss all of your foreclosure and bankruptcy options available to you. Thank you for visiting our foreclosure blog. Contact us for a free consultation.

Visit – Nassau County Divorce Attorney

Filed Under: Foreclosure, Foreclosure Defense, Mortgage Modification

Steven J. Baum, P.C., NY’s Largest Foreclosure Law Firm Is Closing

December 27, 2011 by Elliot S. Schlissel

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 proceeding s 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

Filed Under: Uncategorized

Low Mortgage Rates not Spurring Home Buying Activity

December 23, 2011 by Elliot S. Schlissel

Mortgage rates are at all time lows. Thirty-year fixed mortgages have interests rates of less than four percent. Interest rates on fifteen-year mortgages are running around three and a half percent. Has this spurred activity in the housing market? No!

High Unemployment and Low Wages Keeping Home Buyers Out of the Housing Market

The unemployment rate in the United States is still at 9%. However, most experts state that many unemployed people aren’t reflected in this statistic. These are individuals who have been unemployed for so long they are no longer counted or have given up trying to find a job. The recession in the United States is also keeping wages unusually low. With uncertainty concerning jobs and prospects of high wages dimmed, most Americans have a negative view about purchasing a home. They’re concerned the home will be worth less in the future than it is now; so there is no reason to buy today.

2011 Home Buying Rates Down

2011 will be one of the worst years of the century for the real estate industry. Sales of single family homes continue to be very low.

Refinances Are Up

Although home purchases are down, individuals with good credit who have significant equity in their homes have been utilizing this period of low interest rates to refinance their homes and reduce their mortgage payments. Although this is good for those individuals, it unfortunately, in the long run, does not have a significant impact on the housing industry.

Foreclosure Defense and Bankruptcy Lawyers

Before your house falls into foreclosure, it is suggested you apply for a mortgage modification. If your mortgage modification program does not meet your needs, your home may end up being foreclosed upon. Should you receive a Summons and Complaint in foreclosure, our law office can help you. We will attend foreclosure court conferences on your behalf and attempt to motivate your financial institution to offer you a suitable mortgage modification. We’ll also submit a formal written answer on your behalf. Defenses such as defective mortgages, predatory lending, defective foreclosure lawsuits and other real estate related legal defenses can be interposed on your behalf. Our law firm will use its extensive experience in handling these types of cases, to keep you in your home.

We will also discuss with you foreclosure related bankruptcy options. Filing a Chapter 7 or Chapter 13 bankruptcy may be the best route for you in dealing with your foreclosure situation. Why should you file bankruptcy and the types of bankruptcies available to you would be discussed upon your initial free consultation. Should you file bankruptcy you can sometimes eliminate second mortgages. Bankruptcy will stop foreclosure proceedings from moving forward and stop all debt collection activity against you. Call us for a free consultation.

We will discuss all of your foreclosure and bankruptcy options with you. Contact our office at 1-800-344-6431, 516-561-6645 or 718-350-2802.

Also Visit – Nassau County Divorce Attorney

Filed Under: Bankruptcy, Current Events, Foreclosure, Foreclosure Defense, Mortgage Modification, Uncategorized

Neighborhood Affected by Foreclosure Crisis

December 8, 2011 by Elliot S. Schlissel

The foreclosure crisis is destroying good neighborhoods in Jamaica, Queens. Hard working, middle class families are being forced to live next to empty homes that squatters have moved into. The squatters make noise, abuse drugs and engage in criminal activity. This is yet another problem caused by the foreclosure crisis.

Who Is Stopping Foreclosures in New York?

The foreclosure defense lawyers at the Law Offices of Schlissel DeCorpo can stop foreclosure proceedingsin their tracks. We file written Answers with the court and opposing counsel on behalf of our clients. We attend foreclosure court conferences wherein we try to convince judges to put pressure on the financial institutions to give our clients mortgage modifications. We litigate issues concerningdefective mortgages, defective foreclosure lawsuits, predatory lending and all types of other real estate related matters. Our office has substantial knowledge concerning Federal laws and foreclosure.

We can also help you deal with foreclosure-related bankruptcy issues. Filing either a Chapter 7 or a Chapter 13 bankruptcy may be necessary to deal with the foreclosure on your home. If you file bankruptcy, you can eliminate second mortgages in some situations, stop foreclosure, stop other debt collections practices and at the end of the bankruptcy, action can be taken to re-establish your credit. Call us for a free consultation at 1-800–344-6431, 516-561-6645 or 718-350-2802.

Filed Under: Bankruptcy, Current Events, Foreclosure, Foreclosure Defense, Mortgage Modification

Summer Home Buying Season, the Worst in Five Decades

December 6, 2011 by Elliot S. Schlissel

Spring of each year starts the home buying season. The months of April through the end of August signals the time that most home buyers come into the market. This is usually a time of heightened activity in the real estate market for the sale of single family homes. This was not true, however, in the year 2011. From the period of April through the end of August of 2011, fewer homes were sold in the United States during any six month period in the last fifty years. Home sales from the Spring and Summer were the weakest since 1963. This is an indication of how poor the real estate market and the economy in the United States is doing.

Low Mortgage Rates

Mortgage rates reached their lowest levels since records were kept during the Summer months. However, even with record low mortgage rates and home prices continuing to go down, would-be buyers are still not being enticed. Approximately one hundred and seventy thousand homes were sold from March through August of this year. This is even less than was sold in the same period in 2010, which, up until that time, was the worst in a half a decade. Normally, approximately four hundred thousand homes would sell during this period of time.

Home Prices Falling

The medium price for the sale of existing homes fell to approximately $168,000. This was decreased in 5% from the prior year. New home prices averaged about $209,000, which was almost 8% less than the prior year. Low priced foreclosure sales and short sales have been driving the market down. This causes real estate brokers to press sellers to lower their prices on their homes to compete with these foreclosures and short sale homes. It is estimated that homes in foreclosure and short sales sell for 20% less than their market value. This has the impact of lowering home prices throughout the areas where the short sales and foreclosures are located.

Is the single family home becoming a depreciating asset? Is the American dream over? I don’t think so. However, we may be headed for an additional five years of flat real estate prices before we see a significant rebound

Bankruptcy can act as an escape valve to prevent the loss of a home, stop foreclosure, eliminate a second mortgage and stop debt collection harassment. Your credit can be re-established after filing either a Chapter 7 or a Chapter 13 bankruptcy One bankruptcy myth is that you will never receive credit again after filing bankruptcy. This is simply untrue.

Bankruptcy Lawyers

Should you have questions or issues concerning your financial situation or are considering filing for bankruptcy, feel free to call the Law Offices of Schlissel DeCorpo. We’ve been helping our clients for more than 45 years deal with foreclosure defense and bankruptcy matters. We can be reached at 1-80–344-6431, 516-561-6645 or 718-350- 2802.

Filed Under: Bankruptcy, Current Events, Foreclosure, Foreclosure Defense, Mortgage Modification Tagged With: bankruptcy, bankruptcy attorneys, Bankruptcy mortgage modification, bankruptcy proceedings, Chapter 13 bankruptcy, financial crisis, foreclosure related bankruptciy, home prices falling, long island bankruptcy attorney, mortgage modification, mortgage modification attorneys, mortgage modification denial, mortgage modification denied, mortgage modification denied new york, Mortgage Modification new york attorney, mortgage modifications, Mortgage Modifications attorney, Mortgage Modifications new york, New York City bankruptcy attorneys, second mortgages

Falling Home Prices Wreaking Havoc on the Economy

December 2, 2011 by Elliot S. Schlissel

Economists in the United States are taking the position that falling home prices are a significant problem preventing the economic recovery in the United States. The devaluation of homes in the United States has cost Americans billions of dollars. The declining wealth of American homeowners has had a further negative impact on their confidence that the financial situation will improve in the future.

The Decline of the Real Estate Market

Recent studies by economists have shown the decline in the real estate market affecting all aspects of consumer spending. It is estimated that Americans reduce their spending by $20-$70 a year for every $1,000 decline in the equity in their home. During times of appreciation in real estate, there was a “wealth effect.” The wealth effect made consumers feel that they had liquidity and, therefore, they spent more money. Often more than they actually had. The down side of the wealth effect is, as home values have declined, consumer confidence has declined and there has been a negative reduction in the wealth effect. In other words, consumers feel they’re getting poorer when their houses go down in value and are less inclined to spend money.

Economy Will Eventually Recover

The prevailing view among the economists is that even though things do not look good right now, the economy will eventually get better and Americans will start spending again. Hopefully, appreciating real estate prices will spearhead the economic recovery.

Foreclosure Lawyers

The foreclosure lawyers at the Law Offices of Schlissel DeCorpo can help you if you have a foreclosure problem. Our foreclosure defense lawyers litigate defective mortgages, defective foreclosure lawsuits, predatory lending and all other types of real estate related matters. We can explain the federal laws on foreclosure and how they affect you. We attend foreclosure court conferences for our clients.

In the appropriate situation, we will discuss foreclosure related bankruptcy issues, such as filing a Chapter 7 and a Chapter 13 bankruptcy with you. In bankruptcy situations, there is an automatic stay that goes into effect, ordered by the court, that stops foreclosure from moving forward. In some bankruptcy situations, we can eliminate second mortgages. At the end of the bankruptcy, we can assist you inre- establishing your credit. Feel free to set up a free consultation with us. We will discuss your foreclosure options with you.

Filed Under: Bankruptcy, Current Events, Foreclosure, Foreclosure Defense, Mortgage Modification, Uncategorized Tagged With: bankruptcy, bankruptcy attorneys, Bankruptcy mortgage modification, bankruptcy proceedings, Chapter 13 bankruptcy, financial crisis, foreclosure related bankruptciy, home prices falling, long island bankruptcy attorney, mortgage, mortgage modification, mortgage modification attorneys, mortgage modification denial, mortgage modification denied, mortgage modification denied new york, Mortgage Modification new york attorney, mortgage modifications, Mortgage Modifications attorney, Mortgage Modifications new york, New York City bankruptcy attorneys, second mortgage bankruptcy, second mortgages

Government Turning a Quarter Million Foreclosed Homes Into Rentals

November 29, 2011 by Elliot S. Schlissel

The President is considering turning a quarter of a million homes taken over by government controlled agencies into rentals. Putting these homes on the market for sale will only further depress the real estate market. The Federal Housing Finance Agency would like to put 250,000 homes that are owned by Fannie Mae, Freddie Mac and the Federal Housing Administration on the market to be rented. These homes have been obtained by government agencies pursuant to foreclosure proceedings. Edward DeMarco, who is currently the acting director of the Federal Housing Agency, has stated that “renting these homes instead of selling them in foreclosure may reduce credit losses and help stabilize neighborhoods and home value.” It is estimated that homes placed on the market for sale in foreclosure sell for 20% less than their actual value.

Foreclosure Crisis Creates Demand In Rental Market

Since the housing crisis started, approximately three million former homeowners are now renting. This has reduced the inventory of homes available to be rented. Families that lose their homes in foreclosure have no choice but to rent. Their credit is ruined by the foreclosure proceedings, they generally have no money for a down payment and their only option is to rent. There are those who claim America is becoming a society of renters. The American dream of owning a single family home may become a broken dream. This dream emanated from the conclusion that owning a home would not only provide you with a stable place to live, but will allow you to develop equity. However, during a time of economic turmoil the value of single family homes has been going down. A home, instead of being a worthwhile investment in real estate for the past few years, has been a horrible investment. Single family homes have been declining in value for the last five years. It is estimated that it may be an additional five to ten years before single family homes start increasing in value. In a market where the value of real estate is going down, renting seems to be the logical choice. Why buy a home today that will be worth less in the future?

I think the Obama Administration is on the right track. I believe instead of foreclosing on homes and selling them at auction, the homes should be rented to prevent the continuing oversupply of homes to the real estate market. This will give the real estate market a greater opportunity to reach equilibrium between buyers and sellers. Down the road, when the real estate market recovers, the government can offer these homes to be sold to their renters or to other worthy individuals or families.

Foreclosure Defense Lawyers

Before your house falls into foreclosure, it is suggested you apply for a mortgage modification. If your mortgage modification program does not meet your needs, unfortunately your home may end up being foreclosed upon. Should you receive a Summons and Complaint in foreclosure, our law office can help you. We will attend foreclosure court conferences on your behalf and speak to the Judge about motivating your financial institution to give you a mortgage modification. We’ll also submit a formal written answer on your behalf. Defenses such as defective mortgages, predatory lending, defective foreclosure lawsuits and other real estate related legal defenses can be interposed on your behalf. Our law firm will use its extensive experience in handling these types of cases, to keep you in your home.

We will discuss all of your foreclosure and bankruptcy options with you. Our phone numbers are 1-800-344-6431, 516-561-6645 or 718-350-2802. You’ve just visited the Elliot Schlissel, Esq. foreclosure blog.

Filed Under: Bankruptcy, Current Events, Foreclosure, Foreclosure Defense, Mortgage Modification, Uncategorized Tagged With: bankruptcy, bankruptcy attorneys, Bankruptcy mortgage modification, bankruptcy proceedings, Chapter 13 bankruptcy, financial crisis, foreclosure related bankruptciy, government renting foreclosed homes, long island bankruptcy attorney, mortgage, mortgage modification, mortgage modification attorneys, mortgage modification denial, mortgage modification denied, mortgage modification denied new york, Mortgage Modification new york attorney, mortgage modifications, Mortgage Modifications attorney, Mortgage Modifications new york, New York City bankruptcy attorneys, second mortgage bankruptcy, second mortgages

NY Foreclosure Law Firm Fined Two Million Dollars

November 28, 2011 by Elliot S. Schlissel

Steven J. Baum, P.C. of Amherst, New York, has been fined two million dollars for inappropriate foreclosure legal practices. Steven J. Baum, P.C. is the largest foreclosure law firm in the state of New York. Steven J. Baum, P.C. has agreed, in addition to paying the two million dollar fine, to re-vamp its practices with regard to the handling of pleadings, affidavits and mortgage assignments in New York State and Federal Courts.

The Law Firm has agreed to implement a variety of internal controls regarding its processing and handling of foreclosure proceedings. They have agreed to review original promissory notes received from their clients or custodians of the notes prior to filing new foreclosure lawsuits. These actions will bring the firm in compliance with the order issued by Chief Judge Jonathan Lipman regarding attorneys representing lending institutions.

Mortgage Foreclosure Proceedings

US Attorney Preet Bharara, from the Southern District of New York, stated, with regard to the settlement, “in mortgage foreclosure proceedings, there are no excuses for sloppy practices that could lead to someone mistakenly losing their home.” She stated further that “homeowners facing foreclosure cannot afford to have faulty paperwork or inadequate evidence submitted and today’s agreement will help minimize that risk.”

Baum Law Firm Released from Civil Liability

The Baum Law Firm, upon payment of the two million dollar fine and the imposition of new internal procedures, will be released from potential civil liability under the Financial Institutions Reform, Recovery and Enforcement Act of 1989. The Baum Law Firm acknowledges that it occasionally made inadvertent errors in its legal filings in state and federal courts, which it attributes to human error in light of the high volume of mortgages and foreclosures it handled throughout the State of New York in the wake of the national subprime mortgage crisis.”

It should be noted that this is a settlement. It is not a finding of wrongdoing by the Baum Foreclosure Law Firm. The Baum Law Firm has also agreed to have experienced attorneys supervising all aspects of the preparation of documents and reviewing of documents before they are filed with the courts. In addition, they are implementing a one to two-year training program for their attorneys to bring them in compliance with the rules regarding foreclosure proceedings in the state of New York.

Hopefully, this law firm will live up to its responsibilities in dealing with foreclosure proceedings. Taking a family’s home and putting them on the street is a sad end to the American dream. These proceedings should be handled in a manner that protects the homeowner’s rights and sees to it that homes aren’t wrongly foreclosed upon.

New York Foreclosure Defense Lawyers

The New York City and Long Island foreclosure defense lawyers at the Law Offices of Schlissel DeCorpo can help you if you have a foreclosure problem. Our foreclosure defense lawyers litigate defective mortgages, defective foreclosure lawsuits, predatory lending and all other types of real estate related matters. We can explain the federal laws on foreclosure and how they affect you. We attend foreclosure court conferences for our clients.

Filed Under: Uncategorized Tagged With: bankruptcy, bankruptcy attorneys, Bankruptcy mortgage modification, bankruptcy proceedings, Chapter 13 bankruptcy, financial crisis, foreclosure related bankruptciy, long island bankruptcy attorney, mortgage, mortgage modification, mortgage modification attorneys, mortgage modification denial, mortgage modification denied, mortgage modification denied new york, Mortgage Modification new york attorney, mortgage modifications, Mortgage Modifications attorney, Mortgage Modifications new york, New York City bankruptcy attorneys, second mortgage bankruptcy, second mortgages

Bank of America Threatens Foreclosure Over $1.00 Error

Foreign Investors Who Buy a House, Get a Visa

Falling Home Prices Creating Havoc With the American Economy

Steven J. Baum, P.C., NY’s Largest Foreclosure Law Firm Is Closing

Low Mortgage Rates not Spurring Home Buying Activity

Neighborhood Affected by Foreclosure Crisis

Contact Us

Categories

LINKS

OUR WEBSITES

Latest Blogs

CHAPTER 13 BANKRUPTCY

Foreclosure Strategies

CONTACT INFO

View Our General Web Site

View Our Child Protective Website

View Our Fathers Rights Web Site

View Our Wills & Trusts Website

View Our Bankruptcy Web Site