Note: We will continue publishing these cases until New Square leadership announces an end to the “mile policy,” and repairs the harm that they have caused. We strive to only publish factual mistake free information. If there are any mistakes in this article, please post in the comments section and they will be addressed.
Feel free to draw your own conclusions from the details below and fact check them via public records. Regardless, it is deeply saddening to see Yidden connected to conduct that appears unlawful and harmful to others.
Subject: Pinchos Kaufman, resident of New Square, NY
Property & Mortgage Structure
- Purchased 6 Sunny Ridge, New Hempstead, NY on February 25, 2025
- Purchase price: $843,000
- Mortgage amount: $800,850
- Down payment of approximately 5%, a structure overwhelmingly associated with primary-residence mortgages, not investment loans
Owner-Occupancy Requirement
- Loan documents include a clear owner-occupancy clause
- The borrower is required to:
- Occupy the property as a primary residence
- Do so for a minimum of 12 months following closing
- This is not discretionary language – it is a core condition of the loan.
Evidence of Non-Occupancy and Illegal Use
Public records from the Village of New Hempstead show:
- Summons and orders to appear related to the property
- Multiple fire code and safety violations
- Certificate of Occupancy violations, including: Overcrowding by individuals other than the homeowner or immediate family
- Use is inconsistent with a single-family, owner-occupied residence
- Findings of illegal construction, including: Unpermitted interior alterations
- Creation of additional bedrooms without approval
- These violations are incompatible with lawful owner-occupied use
Post-Closing Transfer to LLC
On January 5, 2026, the property was deeded to an LLC
- This occurred: Well within the required owner-occupancy period
- Without any indication of lender consent
- Transfers to an LLC during an owner-occupancy period are commonly prohibited under standard mortgage covenants and typically trigger due-on-sale or default provisions.
Pattern Indicators
- The loan officer on the transaction was Zev Spitzer of New Square
- His name appears across multiple similar transactions of homes “within the mile”
- Rapid non-occupancy
- Subsequent enforcement actions
- This repetition raises serious questions about whether these transactions are isolated incidents or part of a broader, coordinated practice.
Bottom Line
Based on publicly available documents:
- The mortgage was structured as owner-occupied
- The property was not used in accordance with that requirement
- Municipal enforcement actions directly contradict lawful owner occupancy
- The property was later transferred to an LLC during the restricted period
- The transaction bears hallmarks consistent with systematic misuse of primary-residence mortgage programs
11 Comments
These guys are genuinely wicked! Wonder if they are pressured to do it by the “askanim” or they do so willingly. Either way NS leadership ought to be ashamed if themselves and coming up with an exit strategy before all hell breaks loose.
These are federal crimes not just state crimes though they are that too… If the feds come in that changes this whole game.
It’ll be very interesting to see what the consequences are for this Mortgage Fraud.
Will he get away with just fixing the issue or will there be more serious consequences like a substantial fine or jail time which would change the calculation of this devious scheme.
At any rate I think they will think twice before continuing to buy up properties thinking that the mortgage will be covered by SROs as it seems the authorities have wizened up.
why you only publishing???
Primary residence doesn’t mean a residence illegally occupied primarily used for the sake of hurting other Yidden.
Fannie Mae defines a primary residence as a home the borrower intends to occupy as their main dwelling, lives in for the majority of the year, and moves into shortly after closing for actual use by the Buyer as their residence.
Lenders read those words literally!!!!!!!!!!!!!!!
The alleged definition that this Yid from New Square is using… usually ends in a person at the door wearing one of those coats with three letters on it, yeah, like the ones you think….
I wonder if Pinchos Kaufman even knows that his legal name is being used for this illegal scheme. He’s at risk. But I guess he wasn’t given any choice by the big machers in the Shikun.
Can someone list all the new houses that NS has bought in the last few months? I don’t think they are on the map.
Report Report Report!!
All above you guys commenting, I’d love to see all of your books, numbers and transactions.
הלכות חובל ומזיק פרק ח
הלכה א
המוסר ממון חברו ביד אנס חייב לשלם מן היפה שבנכסיו, ואם מת גובין מיורשיו כשאר כל המזיקין. בין שהיה האנס גוי בין שהיה ישראל, הרי זה המוסר חייב לשלם כל מה שלקח האנס, אע”פ שלא נשא המוסר ולא נתן בידו אלא הרגיל בלבד.
הלכה ט
אסור למסור ישראל ביד גוי בין בגופו בין בממונו, ואפילו היה רשע ובעל עבירות ואפילו היה מיצר לו ומצערו, וכל המוסרו ביד גוי בין בגופו בין בממונו, אין לו חלק לעולם הבא.
Disgusting, sad, and painful.