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 Freddie Mac and Fannie Mae recently advised the Steven J. Baum, P.C. that they can no longer represent them with regard to government sponsored foreclosures.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!
