Carl J. Nelson Law,  P.C.

New York Foreclosure Bank Firm Sued for Overbilling

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.

Link to press release here.

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