Comments on: Baum Law Firm Fall Throws 10,000 NY Foreclosures A Curve http://www.theyeshivaworld.com/news/headlines-breaking-stories/110341/baum-law-firm-fall-throws-10000-ny-foreclosures-a-curve.html Fri, 24 Jul 2015 22:49:07 +0000 hourly 1 http://wordpress.org/?v=3.7.9 By: akuperma http://www.theyeshivaworld.com/news/headlines-breaking-stories/110341/baum-law-firm-fall-throws-10000-ny-foreclosures-a-curve.html#comment-240333 Sun, 27 Nov 2011 18:08:05 +0000 http://www.theyeshivaworld.com/?p=110341#comment-240333 The “foreclosure” mills were acting illegally. Foreclosure is an expedited legal proceeding that allows faster than usual processing in return for the plaintiff presenting all the docments. The system collapses if the law firm “cheats”. The normal procedure would requrie whomever holds the mortgage to present evidence in court and prove all aspects of their claim, and be subject to possible defenses, and would take years to get a hearing, and perhaps require a jury trial in some situations – Foreclosure lets the plaintiff skip many steps, and if they abuse this privilege, it is hard to feel sorry for them.

The end result is that the bank might find it easier to settle when the person losing the house has adequate income to pay a mortage based on the house’s current value – the bank is no worse off and no one gets evicted.

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