On March 28, 2018, the United States Attorney for the Southern District of New York announced the filing of a lawsuit against foreclosure firm Rosicki Rosicki and Associates, P.C. for an alleged scheme to inflate the amount it charged for foreclosure-related expenses. The claims allege that the inflated charges were submitted to be paid by the Federal National mortgage Association, also known as “Fannie Mae,” which is a government sponsored entity intended to increase access to mortgage funding by creating a secondary market for mortgage loans.
While the lawsuit is pending, it is important for consumers to be aware of the charges charged by their mortgage companies, which sometimes include foreclosure-related costs and attorneys fees. New York law in some situations also limits what foreclosure costs and fees may be charged back to a homeowner. If you are facing foreclosure action it is important to consult with an experienced attorney to protect your rights.