New York and Long Island Foreclosure Fraud Defense Lawyers
Newspapers, television and radio shows have for the past several years, exposed numerous situations involving foreclosure fraud. The Attorney’s General in all fifty states as well as the United States Justice Department have brought lawsuits against numerous financial institutions related to foreclosure fraud. In many of these cases, the financial institutions have paid billions of dollars in damages related to their fraudulent practices in providing mortgages to homeowners.
Financial institutions have marketed subprime mortgages to homeowners instead of conventional mortgages. Banks and other financial institutions have committed foreclosure fraud. They have marketed sub prime mortgages to homeowners instead of conventional mortgages.
Banks have approved mortgages for homeowners without taking into consideration whether the homeowner had a realistic possibility of making the monthly mortgage payments. They took this action because the financial institutions who originated the mortgages made a lot of money on theses transactions. They continue to defraud homeowners with their mortgage modification programs.
Under the Hamp and Tarp programs the government bailed out the banks and the banks promised the Obama administration they would set up programs to protect their mortgage holders with mortgage modifications. The Federal Government should own these mortgages, not the banks!
Pretender lenders gave out mortgages based on inflated home prices. They mislead people into believing they could afford to pay for these homes for the purpose of making a quick profit. They didn’t conform with accepted bank practices in underwriting the mortgages.
Who Can Foreclose on Your Home?
A financial institution must prove to a court they are the holder of the note that is the basis for the mortgage. If a financial institution doesn’t have the appropriate paperwork assigned to them they should not initiate a foreclosure proceeding. In these situations we can have the foreclosure lawsuit dismissed. Our law office has the expertise, the experience and the personnel to litigate with the banks regarding foreclosure fraud, bad faith, defective foreclosure lawsuits and predatory lending issues.
Contact The Law Offices of Schlissel DeCorpo
Please contact us to discuss your foreclosure fraud case and our qualifications to represent you. Feel free to call toll free, any time, day or night, at 1-800-344-6431 or contact us at 718-350-2802. You can also reach us in Nassau County at 516-561-6645. Our Foreclosure Fraud Defense Lawyers welcome your inquires.
We have offices in Lynbrook, Queens and Suffolk County, and we represent individuals in Long Island, Queens, Nassau County, Suffolk County and throughout New York.