Hallmark Abstract Service comments on the civil penalty levied in a misuse of MERS case!

By | October 14, 2011

Sign of the times - Foreclosure Hallmark Abstract Service partner Michael Haltman quoted in Mortgage Professional Magazine!

The U.S. Attorney’s office in New York has levied a civil fine on the Steven J. Baum PC law firm over the firm’s mortgage foreclosure practices.

Michael Haltman was asked by Mortgage Professional for a comment which appears below. The entire article can be read at this link.

“When one considers the enormous number of foreclosure cases that this firm may not have done properly, or worse, that led to families losing their homes, people who may have potentially had other options, the punishment seems somewhat light,” said Michael Haltman, a partner of Jericho, N.Y.-based Hallmark Abstract Service LLC. “However, it is also my understanding as a non-attorney who has read analysis of the decision that that while this was a civil penalty under the statutes of FIRREA, the Baum Law Firm may still have exposure criminally, from the New York State Bar and from homeowners who incurred damages from the firms proceedings.”

Enhanced by Zemanta

Leave a Reply

Your email address will not be published.