Historic BOA Settlement
Bank of America is settling a case by its investors relating primarily to the mortgages that were created by Countrywide. Here is the latest.
Entries by Scott Lanin
The Key Is To Avoid Foreclosure If You Want A Mortgage In The Future
The NY Times journalist Mayrann Haggerty wrote an interesting article this weekend on “The Post-Foreclosure Wait.”
Backlog of Cases Gives a Reprieve on Foreclosures – But The Interest Charges Still Accrue!
The NY Times front page today has an interesting article about the delays in processing foreclosure actions in New York. What homeowners must be very careful about, however, is that this delay is not really such great news. Interest and other charges continue to accrue. So the balance of the loan (debt) keeps growing. At […]
Florida Couple Threatens Bank Of America With Foreclosure
In an amusing twist, Bank of America found itself on the other end of a foreclosure. Here is the article.
Settlements in Litigation
It is often said that the best settlement is one where both sides walk away a little unhappy. This makes sense. In order to resolve a dispute, each side must compromise. When one or both parties to a dispute are unwilling to compromise and decide to litigate and go to trial, they place their fate […]
Some Homeowners Willing Enter Foreclosure
Here is an article about the concept of strategic defaults. I have written about this before. It is an issue that I hear about frequently when new clients contact my law office and tell us that a “loan mod consultant” (translation=”person practicing law without a license”) told them to stop paying their loan to improve […]
Coming Soon!
Welcome to the New York Business and Real Estate Litigator Blog! Please stay tuned for posts! In the meantime, please check out www.nyforeclosurelaw.com for my other blog dealing with foreclosure, mortgage strategies and solutions, loan modification and bankruptcy law. If you have any legal questions or need help, please contact Attorney Scott Lanin at (212) […]
Second Mortgages Shed Through Bankrutpcy
Here is a good article about getting rid of 2d mortgages in bankrutpcy. This is called lien stripping. I have blogged on this before. Here is an earlier post that might be of interest. If you have a 2d mortgage or equity line and if your home is now worth less than what you owe […]
Homeowner’s Lose One In Foreclosure War
In recent years, foreclosure practice has become very messy in the courts. With mortgage lenders assigning loans frequently in large portfolios, their documentation was not always up to par. This has been widely reported in the news. The issue sometimes arises in connection with the defense of lack of standing which has become known as […]
Feds Sue Deutsche Bank, Alleging Mortgage Fraud
The federal government has sued Deutsche (DOY’-chuh) Bank. It alleges the bank committed mortgage fraud by repeatedly lying so that it could join a government program that insured mortgages. Here are some articles on this breaking story: Business Week; Washington Examiner.