Judge Reams Citi Housing Lawyer

Posted by revolt | JUDGE REAMS CITI BANK FORECLOSURE ATTORNEY | Wednesday 23 February 2011 5:57 pm

Judge reams Citi housing lawyer

 By JOSH KOSMAN

Last Updated: 8:56 AM, December 17, 2010

Lawyers handling foreclosures in New York will think twice about showing up in court without the proper paperwork after a Brooklyn judge ripped into lender Citigroup and its unprepared lawyer. 

On Monday, Brooklyn Supreme Court Judge Arthur Schack mocked the bank and its lawyer for failing to ensure the accuracy of papers filed in a foreclosure case. 

“The court does not work for Citi and cannot wait for Citi, a multi-billion-dollar financial behemoth to get its act together,” Schack said, in throwing out the case.

The decision follows a new rule implemented by the chief judge of New York’s courts requiring every lawyer handling a foreclosure to sign a form verifying that all paperwork in the case is correct. 

Since the rule was enacted in October, lenders have largely stopped pursuing the 80,000 foreclosure cases pending in the state. 

In February 2009, Citi started proceedings against Angela Nunez, who owns property in the Cypress Hills section of Brooklyn. Bayside lawyer Vincent Surico, who represented Citi, said on Oct. 25 that he would file a written affirmation guaranteeing the paperwork. 

But this week Surico said he could not sign because before Nov. 8 Citi did not have the “procedures to comply” with the order. Schack said if Citi moved to reinstate the foreclosure, a lawyer would need to sign the affirmation. Surico and Citi declined to comment. 

Anne Copps, chairman of the Real Property Law Section of the New York Bar, said she believes this is the first New York case of its kind.

“This will certainly encourage lawyers not to move to foreclosure without affirmations,” she said. “It will take some time for lenders to review their files and pull together their affidavits so attorneys can do affirmations.”

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JUDGE REAMS CITI BANK FORECLOSURE ATTORNEY

Posted by revolt | JUDGE REAMS CITI BANK FORECLOSURE ATTORNEY | Saturday 18 December 2010 4:53 pm

Judge reams Citi housing lawyer

By JOSH KOSMAN
Last Updated: 8:56 AM, December 17, 2010
Posted: 11:46 PM, December 16, 2010

Lawyers handling foreclosures in New York will think twice about showing up in court without the proper paperwork after a Brooklyn judge ripped into lender Citigroup and its unprepared lawyer.

On Monday, Brooklyn Supreme Court Judge Arthur Schack mocked the bank and its lawyer for failing to ensure the accuracy of papers filed in a foreclosure case.

“The court does not work for Citi and cannot wait for Citi, a multi-billion-dollar financial behemoth to get its act together,” Schack said, in throwing out the case.
The decision follows a new rule implemented by the chief judge of New York’s courts requiring every lawyer handling a foreclosure to sign a form verifying that all paperwork in the case is correct.

Since the rule was enacted in October, lenders have largely stopped pursuing the 80,000 foreclosure cases pending in the state.

In February 2009, Citi started proceedings against Angela Nunez, who owns property in the Cypress Hills section of Brooklyn. Bayside lawyer Vincent Surico, who represented Citi, said on Oct. 25 that he would file a written affirmation guaranteeing the paperwork.

But this week Surico said he could not sign because before Nov. 8 Citi did not have the “procedures to comply” with the order. Schack said if Citi moved to reinstate the foreclosure, a lawyer would need to sign the affirmation. Surico and Citi declined to comment.

Anne Copps, chairman of the Real Property Law Section of the New York Bar, said she believes this is the first New York case of its kind. “This will certainly encourage lawyers not to move to foreclosure without affirmations,” she said. “It will take some time for lenders to review their files and pull together their affidavits so attorneys can do affirmations.”

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
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