Judge tosses foreclosure suit by ‘living dead’ bank IndyMac

Nate Raymond, Reuters Something scary has been haunting a homeowner facing foreclosure in Brooklyn — a “living dead” bank that a judge compared to Dracula. In a decision Thursday involving an apparent case of robo-signing, Kings County Supreme Court Justice Arthur Schack questioned how the failed thrift IndyMac Federal Bank could have initiated a foreclosure […]

Ding! Ding! Lawyer Fight Breaks Out In NY

Local attorney questions downstate firm’s fees Jonathan D. Epstein, Buffalo News A Buffalo bankruptcy attorney’s attempt to investigate and call into question the fees charged to debtors by a prominent downstate foreclosure law firm has triggered a bitter defamation lawsuit. Attorney Peter Grubea, who runs the largest bankruptcy practice in Western New York by volume […]

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 […]

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