Baum Law Firm to Pay $2 Million Over Fraudclosure Practices, Must Stop Robo-signing as Supposed Employees of MERS

But once again, the settlement doesn’t constitute a finding of wrongdoing.

Where are the damn handcuffs?

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Baum Law Firm to Pay $2 Million Over Foreclosure Practices

Oct. 6 (Bloomberg) — Steven J. Baum’s foreclosure law firm, one of the largest in New York state, will pay the U.S. $2 million and change its practices, including those related to Merscorp Inc.’s mortgage database, to resolve a probe of its foreclosure filings.

The agreement resolves an investigation into whether the Baum firm filed misleading pleadings, affidavits and mortgage assignments in courts, according to a statement today by U.S. Attorney Preet Bharara in Manhattan. The settlement doesn’t constitute a finding of wrongdoing.

“There are no excuses for sloppy practices that could lead to someone mistakenly losing their home,” Bharara said in the statement. “Homeowners facing foreclosure cannot afford to have faulty paperwork or inadequate evidence submitted, and today’s agreement will help minimize that risk.”

You can check out the rest here…

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4closureFraud.org

Comments
16 Responses to “Baum Law Firm to Pay $2 Million Over Fraudclosure Practices, Must Stop Robo-signing as Supposed Employees of MERS”
  1. lvent says:

    What about Fisher & Shapiro in Ilinois…Fannie Mae’s attorney network…They already got stung once for fraud in the fraudclosure…and they are still doing it….I have fraud all over my fraudclosure filings as plain as day..I called AG Lisa Madigan’s office to complain about it and I was screamed at by one of their employees…who screamed,, too bad!!! you signed the Mortgage!…..To which I replied, I did not sign or agree to any of this fraud…….SO NO, LEGALLY, I DID NOT SIGN THOSE FRAUDULENT DOCS…WHICH THEY ALTERED AFTER THE CLOSING AND COVERED IT UP IN THE FRAUDCLOSURE…….To which she replied, fine, file a complaint…. Talk about an asshole…..

  2. EDWARD says:

    THERE PAPERWORK IS ILEGAL COMPLETEY AND THEY LOSE MINE FOR YEARS AND I AND IT FITS INTO MODIFICATION GIUDELINES AND IAM TURNED DOWN WITH NO WHERE TO GO. I HOPE THE JUDGES CAN DO THE WRIGHT THING

  3. EDWARD says:

    THE CRIME IS A FELONY NOT TO MENTION THE BAR ASSOCIATION IS SUPPOSED TO MONITOR THE POND SCUM. THEY ADMIT THEY BROKE THE LAW BUT DON’T GO TO JAIL. YOU WATCH HOW LITTLE MEDIA COVERAGE THIS GETS

  4. EDWARD says:

    HOW COULD BAUM PAY 2 MILLION WITH NO WRONG DOING THIS FIRM IS JUST LIKE STERN WAS IN FLORIDA. I CANT UNDERSTAND THAT THERE COULD BE THIS MUCH CORUPTION . I AM GOING TO JOIN THE PROTESTERS AT WALL STREET I AM IN A BAUM FORECLOSURE THOSE FUCKING ASSHOLES WOULDN’T HELP A BLIND PERSON IN A WHEEL CHAIR CROSS THE STREET OR EVEN TELL THEM THE LIGHT IS GREEN OR RED. I HAVE BEEN DEALING WITH THEM FOR OVER 4 YEARS. PLEASE I WISH THE MIDDLE CLASS COULD GET SOME HELP. EVERYBODY SHOULD DO A STRATEGIC FORECLOSURE UNTIL YOU LOSE YOUR JOB FOREVER AND CAN’T PAY YOUR BILLS

  5. Javagold says:

    Bharara said in the statement. “Homeowners facing foreclosure cannot afford to have faulty paperwork or inadequate evidence submitted, and today’s agreement will help minimize that risk.”

    what the fuck is that even supposed to mean !!!!!!!

  6. Jen Quinn Realtor says:

    This bull shit talk! As a Realtor watching all these home owners illegally thrown out on the streets for the past 4 years, while the banksters and servicing companies lied to these home owners saying “Oh yea your good just keep sending in this $ amount per month and your going to be fine, long enough to collect from these home owners as much in pocket then pull the rug from under them and foreclose, while the courts allow this is a shock to what I once knew… These poor people /families /kids /animals thrown out of their home and lied to by these bastards!
    Their have been families who killed their entire family thinking their was no other way out, their were people who hung themselves or put the gun against their head and pulled the trigger!! THIS IS MURDER ON THE BANKSTERS AND ALL INVOLVED. They made these people feel worthless, as i said these BAstards.
    Jenniffer Quinn / Realtor
    Dare to care!!!

  7. Fury says:

    2 million dollars is less than what steven baum owes ONE homeowner he defrauded.

    he is the king of f/c fraud in new york.
    he has defrauded many many homeowners in new york w/ his false filings.

    he should not get away with his crimes!!!!!

    • Officer of the Law says:

      Unfortunately, the prosecutors take bribes from the banksters. After all, who is going to prosecute a prosecutor?

  8. John says:

    Now, we see homeowners fighting their lender or the one saying they are the lender.
    Tough fight especially since it cost so much.
    But, later on when the investors, pension funds, etc. that lost their money they were responsible for get to suing with their big time lawyers the homeowner will learn a lot that will help in their lawsuit.
    Going before a jury of your peers is still the best way to get justice.
    That time is coming.

  9. housemanrob says:

    After results like this one….many others…..and OBAMA saying the banksters were immoral but not criminal……..it looks like we may get no jusice…..unless we hang them ourselves……

  10. wonton98 says:

    He is in cahoots with Stern look for the signs….

  11. Readdocs says:

    It is damning when you go to a site such as this:
    http://mortgagefraudblog.com/
    And see small fry being sent to prison, expending years of their
    lives for their criminal activity. And then read where the big guys
    worth billions are slapped weakly and fined chump change.
    This is outrageous.

  12. Maggie May says:

    I GUESS WE HAVE TO BE PATIENT? !

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