Category: Foreclosure

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More Loan Modifications?

This year, much to our delight, several of our foreclosure defense clients have received acceptable loan modification offers from their respective lenders. What’s most pleasing is that these clients had been rejected, on several occasions for some,  or they were previously offered an unacceptable, unaffordable loan modification. Last year, we found loan modifications hard to […]


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News: NY Unions Want Chase to Modify Mortgages

The following is from The New York Times: Unions to Press Chase on Modifying Additional Mortgages By CARA BUCKLEY Published: February 9, 2011 Leaders of two large New York City unions said Wednesday that they would push for their pension funds to sell their stocks and bonds in JPMorgan Chase if the bank did not […]


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Facing foreclosure, should I consider bankruptcy?

Yes. Why? Because the longer you wait to file bankruptcy, the more difficult it may be to save your home. But the bank might modify my mortgage. Sure, but what if the bank doesn’t modify your mortgage. While you wait for a potential loan modification – your mortgage arrears and the interest are piling up. […]


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Chase MIGHT pay you 20k to short sale

“We would like to talk with you about the possibility of selling your home for less than the amount you owe. If we agree on a lower sale price and a few other terms and you sell your house for that amount before foreclosure, you will get $20,000.” That is what it states in a […]


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Foreclosures Plunge

Robbie L. Vaughn, Esq. is quoted in the following New York Law Journal article written by Andrew Keshner.  Mr. Keshner details how the new Attorney Affirmation requirement has impacted recent foreclosure filings. As stated in the article, we have seen a substantial decline in calls from homeowners seeking foreclosure defense representation. However, we have had […]


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Stop paying my second mortgage?

Can you stop paying your second mortgage? Sure. Should you stop paying your second mortgage? Maybe not. The prevailing theory is that if your home is worth less than what you owe on your 1st mortgage it is highly unlikely that the holder of your 2nd mortgage will bring a foreclosure action against you. Well, […]


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News: Fund to compensate those who lost home in improper foreclosure

The following article is from The Washington Post: By Ariana Eunjung Cha and Brady Dennis Washington Post Staff Writers Wednesday, November 17, 2010; 12:03 AM State attorneys general and the country’s biggest lenders are negotiating to create a nationwide fund to compensate borrowers who can prove they lost their home in an improper foreclosure, state […]


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News: Homeowners that Defend Foreclosure Can Recover Attorney’s Fees

Access to justice in lending act Governor Paterson has signed the “access to justice in lending act.” This law makes the right to recover attorneys fees by the lender, contained in mortgage agreements, a reciprocal right. The new law, Real Property Law §282, takes effect 60 days after its signing.  It applies to “residential real […]


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New Attorney Verification Requirement in NY Foreclosure Actions

A partner at our firm, Robbie L. Vaughn, is quoted in this article from The New York Law Journal:  Check it out below!  As always we are here to answer any questions concerning this new court ruling at (516) 858-2620! New Court Rule Says Attorneys Must Verify Foreclosure Papers Andrew Keshner New York Law Journal […]


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News: New York Courts Institute New Foreclosure Filing Requirement

The following Press Release is from the NYS Unified Court System: New York Courts First in Country to Institute Filing Requirement to Preserve Integrity of Foreclosure Process NEW YORK – The New York State court system has instituted a new filing requirement in residential foreclosure cases to protect the integrity of the foreclosure process and […]


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