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Tag Archives: Steven J. Baum, P.C.

New York’s Baum Law Firm to Close

New York's largest foreclosure law firm is shutting its doors. Steven J. Baum, PC has found itself embroiled in a PR firestorm, and now, after Fannie Mae and Freddie Mac instructed servicers to pull their business from the firm, it's closing up shop. The firm's principal, Steven Baum, signaled his company was about to go dark late last week in a letter to New York Times columnist Joe Nocera. ""Mr. Nocera -- You have destroyed everything and everyone related to Steven J. Baum PC. It took 40 years to build this firm and three weeks to tear down,"" Baum wrote.

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Baum Law Firm Barred from Handling GSEs’ New Foreclosures

Fannie Mae and Freddie Mac have notified servicers that they can no longer refer foreclosure or bankruptcy cases to the law firm of Steven J. Baum, P.C. in upstate New York. The Baum law firm has found itself at the center of controversy. In early October, the firm agreed to pay $2 million to end an investigation by the U.S. Department of Justice into its foreclosure practices. Two weeks after the DOJ settlement was announced, the New York Times ran photos of the firm's 2010 Halloween party, which depicted a mockery of homeowners who had been foreclosed on.

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U.S. Fines New York Law Firm $2M for Improper Foreclosures

One of New York's largest-volume foreclosure law firms has signed on to an agreement with the U.S. Department of Justice, requiring the firm to pay $2 million and change its foreclosure practices - a case that market observers say could set a national precedent. The law firm of Steven J. Baum, P.C. has been the subject of a six-month investigation into whether the firm, on behalf of its lender clients, filed misleading pleadings, affidavits, and mortgage assignments related to foreclosure actions in both state and federal courts in New York.

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