Category: Blog Post

As we explain in our free loan modification guide, an application can be delayed or even denied for the smallest mistake. If the bank rejects your initial application for forgetting to fill out part of a form, leaving off a date, or failing to submit required backup documents, this will slow down the process. The...

One thing you need to be careful about is scams. The right loan modification lawyer can help you avoid such traps. For example, housing counselors who are not lawyers are not allowed to charge you an up-front fee for their services.Housing counselors may also make you false promises or tell you to do things you...

If you are doing a loan modification application on your own, you will undoubtedly run across a section asking you to describe your hardship. Some servicers make it easy, but others will reject your application if the hardship section is not filled out properly. The danger of having an application that is not filled out...

The goal of a loan modification is to provide the borrower(s) with a new monthly payment that is affordable. This allows a homeowner/borrower who has fallen behind on payments to catch up on payments and continue to make the new, more affordable payments. Want to know more? We have a free loan modification guide. You...

We have been flooded with questions about loan modifications, so we are publishing a Loan Modification Series to Loan modifications have been around for a while, but in 2020, they are a homeowner’s best friend. Here’s why: Loan modifications are good for both the bank and the homeowner. The bank lent you money because you...

Chief Justice DiFiore recently announced that the New York State Courts are reopening, even in New York City. Get in touch with us to find out what this means for you.

This week, we received inquiries about deferring loan payments and other bills, followed by inquiries about checks from the government. We also received some client inquiries about loss mitigation. Our team worked on foreclosure appeals and oppositions to motions for judgment of foreclosure and sale.

This week’s top trend is loss mitigation. Because banks cannot focus on trying to take people’s homes right now, due to the Governor’s and NYDFS’ orders and regulations, they are having employees in multiple departments field phone calls about loan modifications and short sales. In a nutshell, now is a very good time to try...

The landscape continues to change in New York, as the Governor has issued certain orders and the courts have issued other orders. The best way to protect your home and your family during the time of coronavirus-related workforce reductions and social distancing is to talk to your lawyer. Call or email us to find out...

Governor Cuomo and the Chief Administrative Judge of New York have enacted new rules pertaining to foreclosures and evictions in New York, in light of the COVID-19 pandemic. Contact us to learn how the new rules affect you and your home.

We were pleased to obtain a loan modification from PHH in February for a client who has been trying to modify his loan for years. Different servicers have different programs, so we recommend that you work with an attorney who can make sure that your legal rights are enforced while trying to get a loan...

Defending yourself in a foreclosure case is like going on WebMD to figure out how to perform surgery on yourself. Yes, it can probably be done, but it might not work and can cause a lot of pain and trouble in the meantime. For those who want to try, we offer a free guide for...