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Blog Posts in August, 2012

  • Three Popular Types of Loan Modifications in New York

    || 3-Aug-2012

    Loan modifications generally take three forms in New York: HAMP (government sponsored) or In-House Modifications Mortgage lenders and servicers all have procedures in place to assist homeowners at risk of default or foreclosure. They will make the process difficult, frustrating and seemingly never-ending, but they do actually modify a fair number of mortgages for qualifying homeowners ...
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  • Foreclosures and Loan Modifications In New York

    || 1-Aug-2012

    A foreclosure action begins when a homeowner is served “process” in a foreclosure action. Receiving these papers, usually a summons and complaint, can be one of the most nerve-racking experiences a homeowner can endure. The thought of one’s home being jeopardized and the potential for ensuing liability can cause a great deal of stress for one who has become unable to afford his ...
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