Will 2012 See the Creation of “DeMarcovilles”?
In a letter to the editor of the New York Times, MFY shows how Fannie and Freddie Mac’s refusal to reduce mortgage principal will blight once thriving neighborhoods and add to taxpayers’ burdens.
In a letter to the editor of the New York Times, MFY shows how Fannie and Freddie Mac’s refusal to reduce mortgage principal will blight once thriving neighborhoods and add to taxpayers’ burdens.
The Queens Ledger cites the findings in MFY’s report, Justice Unsettled, to alert homeowners in Queens, which has the highest rate of foreclosure in the state, to the dangers of the “shadow docket.” Queens Ledger Alerts Homeowners to Dangers of “Shadow Docket”
WBAI, a New York City public radio station, interviewed MFY Deputy Director Elise Brown and foreclosure Senior Staff Attorney Adam Cohen on “Talk Back,” on June 12, 2012, about MFY’s recently released report, Justice Unsettled, which describes the devastating impact of the “shadow docket” on the state’s distressed homeowners. Click here for a link to …
Justice Unsettled: How the Foreclosure Shadow Docket and Discontinuances Prevent New Yorkers from Saving Their Homes re-examines foreclosure filings studied previously to find that the shadow docket continues to grow, and that thousands of homeowners in foreclosure cannot gain access to settlement conferences that can lead to affordable loan modifications. Thousands of New York Homeowners …
MFY’s work to save the homes of hundreds of low-income homeowners in Queens and Staten Island, along with similar work by advocates across the state, is threatened by Governor Cuomo’s failure to include funding for foreclosure prevention and defense in the coming year’s state budget. The Statewide Campaign to Save the Foreclosure Prevention Services Program …
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 …
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: 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 …
MFY Legal Services and Harwood Feffer LLP filed suit against Steven J. BAum PC, a law firm that files 40% of the foreclosure actions in New York State, charging unfair debt collection and deceptive practices in filing thousands of foreclosure lawsuits. Law Firm Sued for Undermining New York State’s Protections for Homeowners in …
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