New Jersey Settlement Fraud - My9 New Jersey

New Jersey Settlement Fraud

Posted: Updated:
North Haledon, New Jersey (My9NJ) -

Ronica is chasing down alleged settlement fraud across the state of NJ.  She met with Joel Oster on this chase, who purchased a home in North Haledon, NJ in 2005.  On his HUD 1, he was charged $350 for recording fees.  His settlement agent was then responsible for paying those fees to the county clerk’s office.  But, it turns out the county clerk’s office only received $240.  So what happened to the other $110?  Well, Oster believes the money was pocketed by the settlement agent.

Oster is part of a class action lawsuit filed by Attorney Mark Cuker.  The lawsuit alleges that settlement agents like the one involved in Oster’s closing are overcharging home buyers for deed and mortgage recording fees across the state of NJ.

Ronica met with Cuker to learn more about this case, where he walked her through Oster’s documents.  Cuker alleges that settlement agents across NJ have nickel and dimed the NJ home buyer to what amounts to be over $150 million from 2003 to 2010.  And, he says the title insurance companies turned a blind eye to it all.  He said, “The title insurance company is legally responsible to reimburse the victim for any money that is unlawfully taken by the settlement agent.”

Based on Cuker’s research, he believes that homeowners are overcharged by settlement agents about 70% of the time. He says the problem is “endemic.”

Ronica then reached out to Attorney Mike O'Donnell.  He’s representing the title insurance company involved in Oster’s case, as well as three others. They have not heard back from him for comment, but will continue the chase for more details.

  • Chasing New JerseyMore>>

  • Giant Prom Date

    Giant Prom Date

    Wednesday, April 23 2014 8:55 PM EDT2014-04-24 00:55:41 GMT
    One lucky high school senior from Bayonne, New Jersey will be bringing an all-star date to her senior prom. Lauren Delbert asked New York Giant’s Punter Steve Rutherford to prom on twitter and he said “yes!”
    One lucky high school senior from Bayonne, New Jersey will be bringing an all-star date to her senior prom. Lauren Delbert asked New York Giant’s Punter Steve Rutherford to prom on twitter and he said “yes!”
  • Earth Day At Jersey City’s Community Garden

    Earth Day At Jersey City’s Community Garden

    Wednesday, April 23 2014 8:55 PM EDT2014-04-24 00:55:04 GMT
    Yesterday was Earth Day and people all across New Jersey took time to celebrate Mother Earth. Founder of the Astor Free Community Garden in Jersey City, Tinina Bland, organized a day of gardening with some of the city’s hardest working two and three year olds. “We reach out throughout the entire community, we grow collard greens, mustard greens, turnip greens, four different types of tomatoes, watermelon, pumpkin and this year we’re introducing fruit,” Bland explained.
    Yesterday was Earth Day and people all across New Jersey took time to celebrate Mother Earth. Founder of the Astor Free Community Garden in Jersey City, Tinina Bland, organized a day of gardening with some of the city’s hardest working two and three year olds. “We reach out throughout the entire community, we grow collard greens, mustard greens, turnip greens, four different types of tomatoes, watermelon, pumpkin and this year we’re introducing fruit,” Bland explained.
  • Annual Walk To Washington Event Kicks Off

    Annual Walk To Washington Event Kicks Off

    Wednesday, April 23 2014 6:47 PM EDT2014-04-23 22:47:18 GMT
    Every year the New Jersey Chamber of Commerce sponsors a train heading to Washington D.C. full of lobbyists and politicians. This year marks the 77th annual New Jersey Walk to Washington event where people board a train and use that trip to walk around the aisles and network with some of the Garden State’s top political and business leaders. Governor Christie has even said in the past that the year does not begin until the Chamber dinner in Washington.
    Every year the New Jersey Chamber of Commerce sponsors a train heading to Washington D.C. full of lobbyists and politicians. This year marks the 77th annual New Jersey Walk to Washington event where people board a train and use that trip to walk around the aisles and network with some of the Garden State’s top political and business leaders. Governor Christie has even said in the past that the year does not begin until the Chamber dinner in Washington.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices