Foreclosure Defense and Loan Modification Increase

On December 5, 2011, in Foreclosure, by John A. Weber IV, ESQ.

Recently we have experienced an increase in the number of our clients receiving loan modifications.  These modifications are both HAMP and In-House, temporary and permanent.  The cause is unknown but for our clients, it doesn’t matter why.  They are just grateful that it is happening.  As the foreclosure world is still in shock with the announcement of the impending closing of Steven J. Baum, P.C., the increase in loan modifications is a good sign for distressed homeowners.  There was never as good a time to defend against foreclosure litigation.  Hopefully the new year will bring more of the same.  These modifications are not good for everybody however.  Each modification should be reviewed with an attorney to decide if the terms of the modification are right for your situation.  If you are currently in foreclosure or in danger of falling into foreclosure, and you have any questions, please call (516) 858-2620 to speak with a Foreclosure Attorney!

Steven J. Baum to close?

On November 21, 2011, in Foreclosure, Real Estate, by John A. Weber IV, ESQ.

It may have seemed inevitable to those directly involved in the foreclosure field, but it is still a surprise to hear.  According to a Buffalo Business First, the mega-firm of Steven J. Baum, P.C. is to close it’s doors:

“The embattled Steven J. Baum P.C. law firm is the closing its doors after a series of missteps that included mortgage industry giants Freddie Mac and Fannie Mae cutting off business with the Amherst-based firm.”

Read the full article here.

If you are facing foreclosure and are seeking assistance, please call us at (516) 858-2620!

 

No New Foreclosure Cases for Steven J. Baum, P.C.

On November 15, 2011, in Foreclosure, Message/News Board, by Robbie L. Vaughn, Esq.

From the  Freddie Mac Website:

After November 10, 2011, Servicers may not refer any new Freddie Mac foreclosure or bankruptcy cases in New York to Steven J. Baum, P.C., whether referred within or outside of our Designated Counsel Program.

Until further notice, Steven J. Baum, P.C. will continue to work on all foreclosure and bankruptcy matters referred on or before November 10, 2011.

The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation. This website is Attorney Advertising. It does not form an attorney-client relationship. We are a debt relief agency and a law firm that helps people file for bankruptcy relief under the U.S. Bankruptcy Code – Title 11. Prior results do not guarantee a similar outcome. Proudly assisting residents of Long Island, Nassau county, Suffolk county, New York City, Queens, Brooklyn, Bronx, Staten Island, Manhattan