washingtonpost.com — Nation’s home prices fell in December to their lowest point since 2002, according to a private report, casting a troubling shadow over what has otherwise been a brightening economic recovery. 1 sec ago
via (31) Housing prices fell in December, continue to hurt economic recovery – Digg.
New York, NY: On August 17, 2010, a Federal Class Action Complaint was filed on behalf of tens of thousands of New York State homeowners who lost their homes to an alleged foreclosure fraud orchestrated for years by a New York “foreclosure mill” attorney and major mortgage companies.
The case is filed in the US District Court, Eastern District of New York, entitled “Connie Campbell against Steven Baum, MERSCORP, Inc, et al.”, Case #10CV3800. It alleges RICO civil racketeering, RESPA, Fair Debt Collection Practices Act violations and that homeowners paid inflated foreclosure and other fees fictionalized by Mr. Baum who profited from the scheme since 2005.
The action seeks to return tens of thousands of foreclosed homes to their owners or the values thereof and hundreds of millions in punitive damages against Mr. Baum, MERSCORP and HSBC.
The alleged foreclosure scheme was discovered by lawyer Susan Chana Lask, after her client lost her 1.7 Million Dollar Brooklyn Caroll Gardens Brownstone home to a $190,000 mortgage foreclosure filed by attorney Steven Baum for HSBC. The foreclosure court filings were false as filed in HSBC v. Cncepcion Campbell, et al, New York Supreme Court, Kings County, Index #20393/07 .
Racketeering Class Action Filed on Behalf of Foreclosed New York State Homeowners.
Congresswoman Marcy “I am the law” Kaptur (D-OH) told Americans on the House floor to disobey the law and “squat” if their homes are foreclosed.
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