Friday, December 10, 2010

Home foreclosure court case decision shows hope... | Gather

Home foreclosure court case decision shows hope... | Gather: "udge Schack has once again given hope to homeowners. Known across the nation as one of the few judges that is willing to make banks tow the line, he has again asserted his opinion that banks lawyers need to get it right.

Today, Judge Schack ruled on a firm that has come under fire for representing both sides of bank assignments, overcharging, and for filing false documents. Filing false documents is a felony and can carry stiff sentences which can include years in jail.

New York State Supreme Court Justice Arthur M. Schack stated that Steven J. Baum's arguments were “so incredible, outrageous, ludicrous and disingenuous that they should have been authored by the late Rod Serling.”

A major flaw in the case refers to the assignment of the loan which was done improperly and that Baum represented both MERS and the buyer of the property at the foreclosure sale."

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