August 2, 2024

Courageous Legal Actions Against Major Banks for Excessive Mortgage Practices

Standing Up Against Mortgage Misconduct: Petroff Amshen LLP Fights for Brooklyn Homeowners
“We are determined to hold these financial institutions accountable for their reckless misconduct and to secure the justice and compensation our client rightfully deserves” - Steven Amshen

Brooklyn, NY

Petroff Amshen LLP, a law firm based in Brooklyn, NY, is a reliable advocate in foreclosure defense, bankruptcy, credit repair, and commercial litigation. With over 16 years of experience, the firm is dedicated to challenging and dismantling unfair banking and lending practices to protect homeowners and consumers.

In their current practice, Petroff Amshen defends a Brooklyn homeowner against banks with well-established experience in severe violations of federal and state consumer protection laws. The lawsuit, filed in the United States District Court for the Eastern District of New York, accuses these financial giants of mishandling the plaintiff's mortgage account and engaging in a pattern of fraudulent and unethical practices.

Mrs. Smith brings this action in response to the mishandling of her mortgage loan account, finance charges and other fees added unjustly burdened with at least $20,928.70 in fees and late charges, $185,617.05 in inflated escrow advances, and $61,377.52 in questionable attorneys’ fees. These charges are not only excessive but also frequently duplicated and unjustified.

Mrs. Smith has owned her property since December 28, 2000. She initially took out a $300,000 adjustable-rate mortgage loan on February 28, 2005. Over the years, the loan has been subjected to multiple unreliable modifications, resulting in numerous financial discrepancies and unlawful charges that have severely impacted her financial stability.

Petroff Amshen has filed this case in court seeking damages arising under the Real Estate Settlement Procedures Act (“RESPA”). Among the complaints against the defendants are:

Mrs. Smith is seeking substantial actual damages for the financial losses, credit damage, increased debt, and emotional concern inflicted upon her. She is also pursuing legal damages to the ‘defendants’ obvious noncompliance with RESPA and TILA, alongside attorneys’ fees and costs.


This case highlights the serious misconduct of banks in the QWR complaints and their mistreatment of New York residents. This lawsuit seeks to provide relief for Mrs. Smith and aims to set a precedent for holding banks accountable for unethical practices, ultimately promoting greater transparency and fairness in the industry.