Brooklyn Judge Weighs In With State Lawmakers On "Rescue Scams, Straw Men, Fraudulent Loans"

In Brooklyn, New York, the Brooklyn Daily Eagle reports:

• A local judge and prosecutor who have worked on real estate crime in Kings County told state senators at a special joint committee hearing [last week] that more legal steps may need to be taken to protect Brooklyn families and homeowners. Brooklyn Supreme Court Justice Arthur M. Schack, who is known for his experience handling a vast number of foreclosure motions, testified before a special joint Senate hearing about “rescue scams, straw men, fraudulent loans.” These are real estate crimes that are typical in Brooklyn, according to Schack. “These are the people who go after people who are in financial trouble, and say, ‘We’ll save your house,’” Justice Schack explained to the Eagle. "We see some bizarre things.”

For the story, see Three Branches of Government Converge in Mortgage Fraud Fight.