Foreclosure Mill Law Firm Ben Ezra & Katz closes foreclosure business
How the mighty have fallen. One of the few remaining Foreclosure Mill law firms, Ben-Ezra & Katz, announced the layoff of nearly 150 foreclosure staff members. This was their second major staff cut this year, in February they cut over 200 employees after losing their gravy train Fannie Mae business.
In it's heydays, the foreclosure mill law firm, had nearly 600 staff members processing about 18,000 foreclosures. Please understand that we are not celebrating in their loss, but it seems to be poetic justice for the homeowners that lost their home to foreclosure due to this firm and others such as the David Stern firm. Allegedly, they are accused of fraudulently handling foreclosure files and falsifying documents. If this turns out to be true, how could they possibly think that their misdeeds would not be uncovered?
Cutting staff seems to be the least of their worries. The firm is being investigated by the Florida Attorney General and is embattled in litigation with several banks for the mishandling of several foreclosure cases. They are not getting a free ride in court and are being held accountable for their actions in foreclosure cases.
Time will tell if this former foreclosure mill will face penalties for their behavior. At this time the firm is stating that it is not shutting its doors but will remain open doing business as a boutique real estate firm.
Click on the following links to read more on Ben Ezra & Katz Law Firm closing foreclosure practice
Ben-Ezra & Katz to close foreclosure business, second South Florida firm to shut its foreclosure operations - Palm Beach Post - Kim Miller
Ben-Ezra lays off 154 additional staff, halts foreclosure practice - Housingwire.com - Kerri Panchuk
Ben-Ezra & Katz cuts 236 jobs after losing Fannie's business - Housingwire.com
Foreclosure law firm lays off nearly half of its staff, after losing Fannie Mae - Sun Sentinel - Diane Lade
Brian F. LaBovick, Esq.
Esther Uria LaBovick, Esq.
Mark R. Hanson, Esq.
Joseph R. Fields Jr., Esq.
Marcie Dodson, J.D.