I get asked this a lot. The client wants to know what is the success rate for loan mods. Sometimes they ask about short sales but less often. Most people would prefer to keep thier home if given a choice. It’s an interesting question because it assumes that all loan mods are the same. They’re […]
I have clients who own a house in Nassau County. The property is in a foreclosure action in the Nassau County Supreme Court. The action is several years old and the clients already had defaulted by not opposing the bank’s motion for summary judgment in 2013. However, in 2015, the bank offered them a trial […]
I recently had 2 clients in foreclosure. One was a residential Mortgage foreclosure in the Westchester County Supreme Court. The other one is a four-unit residential property in foreclosure in the New York County Supreme Court. In both cases, my client had alleged that the bank representative told them to stop making payments in order […]
I have a client who has a condominium apartment in foreclosure in New York. She defaulted by not appearing for a hearing on the condos summary judgment motion but she did oppose that motion with a written affidavit. Her reason for not appearing was due to medical illness and for whatever reason the court did […]
One of our clients owns a property in Queens that was in a foreclosure action in the Supreme Court. She had purchased it years before and began a major renovation. She had an architect with plans and a contractor. Midway, she had problems with the contractor and was unable to finish the project. Then she […]
NEW YORK — San Francisco bank Wells FargoWednesday said it has agreed to fork over $1.2 billion to settle allegations that it fraudulently certified loans in connection with a government insurance program. > Read the story.
I want to make a special mention here to thank Emil (EJ) Onolfi for his invaluable assistance with legal research and writing for some of my blog posts on commercial litigation issues. EJ is a 2d year law student at Brooklyn Law School and is currently interning with my law firm this semester. My paralegal […]
I want to make a special mention here to thank Nicholas Ribaudo for his assistance with helping to get many of my blog posts online and with writing and editing. Nick is a 2d year law student at Brooklyn Law School and is currently interning with my law firm this semester. He has done a […]