New York Foreclosure Mill Admits To Defrauding Fannie Mae And VA

New York Foreclosure Mill Rosicki, Rosicki & Associates Admits To Defrauding Taxpayers Out Of $6.1 Million


New York Foreclosure Mill
A major New York foreclosure mill admitted to defrauding Fannie Mae and the VA out of millions of dollars. Rosicki, Rosicki & Associates admitted to using affiliated companies to systematically overcharge Fannie Mae and the Department of Veterans Affairs.
The USAO for the Southern District of New York reached a settlement with Rosicki, Rosicki & Associates yesterday. The law firm admitted to using its wholly owned affiliates, Enterprise Process Service and Paramount Land to overcharge Fannie Mae and the VA for foreclosure and eviction-related expenses.
The Department of Justice filed a lawsuit against the law firm in March.
The complaint states the law firm appeared to only use its affiliated companies to serve process and perform title searches that were required to complete foreclosures on loans owned by Fannie Mae.

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