Questions & Answers


What is a Foreclosure Class Action?

Answer


In the course of Friscia & Associates representation of distressed homeowners, we have seen a pervasive pattern of misconduct on the part of the bank in conducting the modification and foreclosure process. Accordingly, using defendants in pending New Jersey foreclosure actions initiated by the banks, we have filed affirmative foreclosure class action claims against these banks for such misconduct. These cases include counts of common-law fraud, breach of the covenant of good faith and fair dealing and violations of the New Jersey Fair Foreclosure Act and Consumer Fraud Act. Currently, these cases are pending in Federal Court. Friscia & Associates will provide our clients and the greater community with updates as they become available.

Friscia & Associates has filed or is otherwise involved in a number of high profile federal class action lawsuits in New Jersey and in other states. One such case, Beals v. Bank of America, N.A., 10-cv-05427, consists of all named defendants in pending New Jersey foreclosure actions initiated by Bank of America or its affiliates.

If you are interested in learning more about class action lawsuits, or if you have any related questions call us today at (973) 500-8024 or (212) 960-8308, or submit your contact information below and we can contact you directly.