Tag: loan modification

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Nassau County Foreclosure Defense

Nassau County Foreclosure Defense cases have several steps.  Knowing the procedure of the foreclosure case can dictate which steps should be taken at any particular moment throughout the course of the litigation.  The following is a quick summary of the options that may be available in a Nassau County Foreclosure Defense case after the summons […]


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HAMP Program Extended

HAMP Modification Program HAMP Loan Modifications will continue to be available to homeowners “through December 31, 2015.” The original program deadline was December 31, 2013. “The U.S. Department of the Treasury and the U.S. Department of Housing and Urban Development today announced an extension of the Obama Administration’s Making Home Affordable Program through December 31, […]


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No Documentation Loan Modification

No Documentation Loan Modification Fannie Mae and Freddie Mac to offer No Documentation Loan Modification Program The Program Fannie Mae and Freddie Mac will offer a simplified loan modification process. Beginning July 01, 2013, servicers will be required to offer borrowers who are at least 90 days, but not more than 24 months, delinquent on […]


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Short Sale a Must?

Short Sale I already modified my mortgage, but because of new circumstances I am late again. Must I Short Sale my home now? Not necessarily. You may be able to get another loan modification based on your “new circumstances.” The HAMP guidelines were recently changed to address this situation. Homeowners who have defaulted on a […]


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New Foreclosure Notice Requirement

Foreclosure Notice Requirement The National Mortgage Settlement’s Pre-Foreclosure Notice Requirement for servicers Servicers must now provide the homeowner with a pre-foreclosure notice  at least fourteen (14) days before referring the case to a foreclosure attorney. *The notice must: Set forth facts supporting the Servicer’s or holder’s right to foreclose. Include an itemized summary setting forth […]


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Federal Government Files Charges Against 530 Mortgage Relief Scammers, Claiming Damages Over $1 Billion

Mortgage Relief Scammers The Federal Government appears to be increasing its efforts to protect homeowners from mortgage rescue scammers.  As we reported here, mortgage rescue scammers may attempt to take advantage of homeowners by fraudulent posing as government programs, accepting payments without providing services, or transferring title to the mortgaged premises, among other things.  The […]


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Mortgage Relief Organizations Sued by Federal Trade Commission

Federal Trade Commission vs. Mortgage Relief Companies Federal Trade Commission sues mortgage relief companies The Federal Trade Commission recently filed three separate lawsuits against mortgage relief companies – Prime Legal Plans/Reaching U Network, American Mortgage Consulting Group, and Expense Management America.  According to the FTC’s allegations, these companies were fraudulently selling mortgage relief services.  The […]


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Free Foreclosure, Loan Modification and Bankruptcy Assistance

Free Foreclosure, Loan Modification and Bankruptcy Assistance The following article appeared in Today’s New York Newsday: Nassau County homeowners at risk of losing their homes can get free housing and legal advice on Monday, Oct. 1. The Nassau County Bar Association will hold its monthly foreclosure clinic from 3 to 6 p.m. at its headquarters […]


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CitiMortgage Workshop on Long Island

CitiMortgage Workshop on Long Island From Citibridgetrack.com: CitiMortgage invites you to meet in person to review your homeowner assistance options at the Citi® Road to Recovery event. Meet one-on-one to discuss possible mortgage solutions available for your specific situation. Tuesday, July 31, 2012 12:00 PM – 7:00 PM Islandia Marriott Long Island 3635 Express Drive […]


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Foreclosure Settlement Conferences

Foreclosure Settlement Conferences What you should know about Foreclosure Settlement Conferences! Residential foreclosure defendants in New York are entitled to a preliminary foreclosure settlement conference that may enable a speedier and less expensive way of resolving their foreclosure issue than would otherwise be possible. The law requiring the conference – New York Civil Practice Law […]


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