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SPIN OFF? | Foreclosure and ‘Home Retention’: a New Firm by Ex-Baum Lawyers, Michigan’s Linda Orlans

SPIN OFF? | Foreclosure and ‘Home Retention’: a New Firm by Ex-Baum Lawyers, Michigan’s Linda Orlans


WSJ-

Two attorneys from one of New York’s largest — and most notorious –foreclosure firms have set up their own shop in suburban Buffalo with 18 attorneys and counting, and they have plans for a downstate satellite office on Long Island.

Steven J. Baum PC shut its doors in November, following a rocky half year that included probes of how the firm handled foreclosures by New York State Attorney General Eric T. Schneiderman and the U.S. Attorney’s Office for the Southern District of New York.

The likely death knell: a New York Times column that mentioned a Halloween party where some firm employees came dressed as foreclosed-upon homeowners. (See our handy timeline here)

Now two former Baum lawyers, Adam Gross and Amy Polowy, have teamed up with another attorney, Linda Orlans, of Michigan, to form Gross, Polowy & Orlans LLC. The Buffalo News has the full report from upstate here.

[WALL STREET JOURNAL]

© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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ATTORNEY GENERAL LORI SWANSON CHARGES ONE OF NATION’S LARGEST “DEBT BUYERS” WITH DEFRAUDING MINNESOTA COURTS AND CITIZENS BY FILING “ROBO-SIGNED” AFFIDAVITS

ATTORNEY GENERAL LORI SWANSON CHARGES ONE OF NATION’S LARGEST “DEBT BUYERS” WITH DEFRAUDING MINNESOTA COURTS AND CITIZENS BY FILING “ROBO-SIGNED” AFFIDAVITS


Minnesota Attorney General Lori Swanson today in a legal filing accused one of the nation’s largest “debt buyers” of defrauding Minnesota courts and citizens by filing false and deceptive “robo-signed” affidavits—generated at its offices in St. Cloud, Minnesota—to collect on old consumer debts that it purchased from credit card companies and others for about three cents on the dollar.

The debt buyer—Midland Funding, LLC and its administrative arm, Midland Credit Management, Inc. (collectively Midland)—has purchased $54.7 billion in old consumer debt from credit card companies and other companies. In 2009, it filed 245,000 lawsuits against individual citizens nationwide, and it has filed over 15,000 lawsuits against citizens in Minnesota courts since 2008. Midland pays for its debt acquisitions with hundreds of millions in financing from some of the nation’s largest banks, including several that sell old debt to it.

“The company put its thumb on the scale of justice to unfairly tilt the collection process in its favor,” said Attorney General Swanson.

The Attorney General said that debt buyers cast a wide net to find people who may owe old bills and often pursue the wrong person altogether or pursue people who paid the bills long ago. In some cases, debt buyers pursue people solely because they have the same or similar name or address as the real debtor. The Attorney General said that Midland has created false and unreliable mass-produced, “robo-signed” affidavits as supposed “proof” of consumer debts in lawsuits against individual citizens in order to obtain judgments against or extract payments from mostly unrepresented citizens, some of whom had no knowledge of any alleged debt.

Source: http://www.ag.state.mn.us/Consumer/PressRelease/110328DebtBuyers.asp

© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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