Latest Posts
Home > Debt Articles > Attorney Promising Foreclosure Relief Under Investigation

Attorney Promising Foreclosure Relief Under Investigation

Last weekend the New York Times ran an article about a lawyer, Peter Ticktin, in Florida that was placing second mortgages on homes we was able to save from foreclosure.

Ticktin, of Ticktin Law Group in Deerfield Beach, FL is quoted as saying, “We thought, ‘Why don’t we use a bit of ingenuity to find an affordable way to represent them?’ ”

The New York Times reported that the Ticktin has some 3,000 foreclosure clients and his loans for his fees secured by the clients house will be payable in monthly installments.

Those fees are 40 percent of the savings of a mortgage that gets reduced or wiped out by their efforts. Imagine a house is worth $200,000 and the Ticktin lawyers find some loophole to cancel the mortgage. The consumer is now on the hook with a new mortgage against their property for $80,000.

When asked what would happen if clients that had avoided foreclosure using the services of the firm and did not make their monthly payments, “We would never enforce the mortgage and foreclose.” So why secure his legal fees against the property at all?

The story continues. According to the Sun Sentinel, Peter Ticktin had his law license suspended twice in 2009.

Last spring, the Bar cited Ticktin for paying New York foreclosure defense attorney and real estate investor Hilton Wiener for client referrals and other work. Wiener, who worked with the Ticktin firm until May 2009, says he went to the Florida Bar with a number of complaints about the firm’s operations.

“The reality is the attorneys there are spending the majority of their time recruiting new business,” he said. “There were stacks of hundreds of messages of unreturned phone calls.”

Ticktin agreed to a 15-day suspension for giving Wiener a 25 percent referral fee for bringing cases into the firm, as well as payments for other work. Wiener, who is licensed to practice law in New York, is not licensed in Florida. Bar rules prohibit attorneys from sharing legal fees with non-attorneys. – Source

Attorney Promising Foreclosure Relief Under Investigation
Get Out of Debt Guy – Twitter, G+, Facebook

Attorney Promising Foreclosure Relief Under Investigation by

Share This and Spread the Word

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • Litl Miracles Pugs, Ponies n S

    So…where is the article about K.E.L.  They have an F rating with the BBB-Tickton at least has only an A-.  K.E.L. is HATED all over the web.  Lets hear about them, there is enough uproar on the internet to get a Class Action Suit going against them!

    • sie

      im in

    • sie

      im in

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.