In the martial arts, you can sometimes see fear or uncertainty in the eyes of an opponent or attacker. Sometimes you cannot see it until you are under way. Litigation is like that. People huff and puff that they will blow your house down but it is not until they are confronted that you really […]
If you obtain a judgment against a client or customer, what’s next? Well you might consider trying to locate and levy on a bank account or try to garnish salary. A smart practice for a businessperson is to start thinking about this at the beginning of the customer relationship when things are good, not at […]
Here are two articles on REO properties – which are the properties owned by lenders after they complete a foreclosure – Financing REO’s Buying REO’s
Citigroup has just settled an SEC fraud suit dealing with risky mortgages for $285 million. Here is the story.
I have just experienced a game played by one of the lender/plaintiff’s firms in the NY area.
The law firm of Steven J. Baum P.C. has reached a major settlement after being investigated for how it handled New York foreclosure actions for lender clients. Many of my firm’s clients are borrowers and property owners who have loans that the Baum firm has handled. We are very familiar with this firm. If you […]
A debtor was sentenced to a year in jail for lying in a bankruptcy case he filed to stop foreclosure. Here is the story.
Here is a NY Times article about the HARP program and refinancing if you have no equity. For most who try to refinance without equity, they find the experience a miserable one. According to everything I have read, the HARP program has been a dismal failure. Homeowners are better off trying to modify or file […]
A big suit was just started by the US against many of the large banks. It may take years to clear this one up. Here is the news.
If you want to check out a court docket in a New York State case, try searching ecourts.com.