NY County Forecloses On Active Duty Soldier Stationed Overseas

Brian Amaral, Watertown Daily Times A Pamelia homeowner who owed Jefferson County about $8,000 in back taxes faced the fate that is common among delinquent property taxpayers: His home was put up for sale at an auction in June and sold. But word of the months-long foreclosure process, a safeguard put in place to give […]

New York AG hires prosecutor for mortgage probe

Karen Freifeld, Reuters New York Attorney General Eric Schneiderman has hired a former federal prosecutor to help bring lawsuits over misconduct in the mortgage-backed securities market during the financial crisis. Virginia Chavez Romano, a former assistant U.S. attorney in New York, will help Schneiderman as he coordinates with a federal task force on the mortgage […]

Abacus FSB and 19 Ex-Workers Were Indicted

AP Via Crains New York A community bank and 19 ex-employees have been criminally charged with issuing hundreds of millions of dollars in fraudulent mortgages that ended up in unwitting investors’ portfolios, prosecutors said Thursday in announcing a rare indictment against a bank in the mortgage meltdown that rocked the U.S. economy. Abacus Federal Savings […]

NY Man Dresses As His Dead Mother for 8 Years To Pull Real Estate Scam

James King, Villiage Voice A Brooklyn man who dressed up as his dead mother to commit real estate and social security fraud was in court this afternoon where he was sentenced to some rather lengthy prison time after getting found guilty last month of multiple dressing-as-your-dead-mother-to-scam-people-related crimes. Parkin, 51, was sentenced to a total of […]

ResCap Goes Broke Leaving Families In Limbo

Catherine Curran, NY Post Two weeks ago, a Westchester family had finally reached the end of seven years in foreclosure hell. Then the plate tectonics of the massive bank that controls their fate shifted. Ally Financial, formerly GMAC, filed Chapter 11 bankruptcy for its troubled Residential Capital mortgage unit last Monday. Ally owes taxpayers roughly […]

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