Constituent Topic: Foreclosure

MFY to Continue Lawsuit Against Steven J. Baum, PC

MFY will continue its class action lawsuit against Steven J. Baum, PC despite the firm’s decision to close its doors. The suit charges that the firm engaged in unfair debt collection and deceptive practices in filing thousands of foreclosure lawsuits. MFY announced it will also monitor other firms’ compliance with rules requiring attorneys to attest [...]

Advocates Demand State Funding for Foreclosure Prevention

MFY Foreclosure Attorney Adam Cohen joined scores of advocates at a hearing today to demand continued funding for foreclosure defense and housing counseling for tens of thousands of homeowners who are in foreclosure or are delinquent on their loans.  Cohen warned that “Within the next few months, thousands of cases that have been sitting in [...]

JUSTICE DECEIVED: MFY’s New Report Unveils How Foreclosure Law Firms Subvert State Regulations and Harm Distressed Homeowners

Justice Deceived: How Large Foreclosure Firms Subvert State Regulations Protecting Homeowners, released in conjunction with a class action lawsuit against Steven J. Baum P.C., found that large foreclosure law firms file foreclosure proceedings but fail to file the specialized Request for Judicial Intervention and Due Diligence Attestation, which would cause the cases to be assigned [...]

Foreclosure Prevention Funds Still Necessary

In the New York Law Journal, MFY Staff Attorney Elizabeth Lynch argues that a new wave of foreclosure filings will leave thousands of homeowners vulnerable to a system that favors banks unless the New York State legislature renews funding for foreclosure defense. Foreclosure Prevention Funds Still Necessary  

MFY Beats Back HSBC’s Attempt to Foreclose on Queens Homeowner

A Queens Supreme Court judge granted MFY’s motion to dismiss a foreclosure action against a Queens homeowner by showing that HSBC, as trustee for a residential mortgage-backed security trust, did not own the note or the mortgage and therefore had no legal standing to foreclose. Queens-Homeowner-Beats-Back-HSBC’s-Attempt-to-Foreclose

MFY Sues Bank of America on Foreclosures

A class action lawsuit charges that Bank of America broke the law by failing to carry through on contractual promises to permanently modify mortgage payments for New York homeowners who successfully completed the trial modification period under the federal government’s Make Home Affordable Modification Program (HAMP).