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Foreclosure Mill That Mocked Homeless People Closes Their Doors Forever

Homeless People Halloween Party

Employees at foreclosure mill Steven J. Baum PC may very well have destroyed the company’s 40 year practice when they dressed as homeless people during Halloween and proceeded to mock the very people they took homes away from.

First reported by Times columnist Joe Nocera the company quickly apologized for their actions but three weeks later they were out of business.

After the company went belly up the firm’s owner wrote a letter to Nocera in which he said:

“You have destroyed everything and everyone related to Steven J. Baum PC. It took 40 years to build this firm and three weeks to tear down.”

First, if Nocera “tore down” the firm it was all for the best, its blatant disrespect for people down on their luck is despicable at best. However it was more than likely the $2 million settlement over its business practices that actually led to the company’s demise along with Freddie Mac and Fannie Mae recently cutting all ties with the company.

Regardless of the reasons for his company’s demise the firms owner writes:

“There is blood on your hands for this one, Joe… I will never, ever forgive you for this.”

To that I say, a firm is responsible for portraying an image of responsibility and the actions of Steven J. Baum PC showed their true colors, as did their subsequent settlement.

I have long supported the idea that home owners are responsible for their own actions, it’s the main reason my wife and I bought a home valued at half the amount we were approved to borrow from the bank, however there’s a large divide between preying on people who have lost their jobs and mocking them for their failures.

[Via Baum Weighs In After Uproar]

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Comments

11 Responses to “Foreclosure Mill That Mocked Homeless People Closes Their Doors Forever”

  1. Ronald Peterson

    Too bad no one is investigating Select Portfolio Servicing, Inc. They are 10 times worse than these guys.

  2. Blue Bird

    some people just have to accept what happens as part of their punishment for doing the most stupidest things. although the owner wasn't responsible for this. as they say, when you are working for a business, you are what makes that business either succeed or fail. because just one mistake can make or break a company. such as these two girls did.

  3. Angie Lowe

    Ha Ha Ha serve their ass right.GOD does not like ugly.Now they'll get to see how it feels and what those people went through who they did so wrong.I hope they learned something from this.Maybe they should hold on to that cardboard…gonna be a cold winter if they have to be put out like the people they mocked lol GOD does have a since of humor :-)

  4. Shirley Hogue Murphy

    THEY, THAT DONE THIS HORRIBLE THING TO THESE PEOPLE HAVE NO IDEA WHAT IT'S LIKE TO WONDER FROM DAY TO DAY IF THE'LL HAVE A HOME TO GO TO, OR WHERE THEIR NEXT MEAL WILL EVEN COME FROM. IV'E BEEN THERE SO I KNOW IT'S NOT A VERY GOOD FEELING.SO THESE PEOPLE NEED ALL OF OUR PRAYER'S.

  5. Denise Bickford

    Oh Please! I have seen and worked for company's who have done much worse and they survive! It would have been different if there had been someone from every race in the Photo.. no so much of a big deal would have been made. Truth is the truth.

  6. Toni Swedberg

    He's blaming someone who told about what was happening, not the ones or one who did the wrong act. Get your eyes in straight mister. Somewhat like Killing the Messenger.