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Co-op Foreclosure Stopped and Client Gets A Successful HAMP Loan Mod at 2%

One of my firm’s clients was being foreclosed by his mortgage lender. No foreclosure action was started because he owns a co-op and in New York that is treated more like personal property than real estate. A co-op owner has stock in the co-op corporation that owns the building and also has a proprietary lease […]

Bank of America – Some Flimsy Reasons To Deny A Loan Mod

Here is a tale of a loan mod with BOA: A mortgage modification beset by shifting rules

Co-op Foreclosure Stopped and Client Gets A Successful HAMP Loan Mod at 2%

One of my firm’s clients was being foreclosed by his mortgage lender. No foreclosure action was started because he owns a co-op and in New York that is treated more like personal property than real estate. A co-op owner has stock in the co-op corporation that owns the building and also has a proprietary lease […]

Bank of America – Some Flimsy Reasons To Deny A Loan Mod

Here is a tale of a loan mod with BOA: A mortgage modification beset by shifting rules