Steven J. Baum to close
Steven J. Baum to Close 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...
View ArticleForeclosure Defense and Loan Modification Increase
Foreclosure Defense and Loan Modifications Recently we have experienced an increase in the number of our clients receiving loan modifications. These modifications are both HAMP and In-House, temporary...
View ArticleBank of America to Reduce Mortgages
Bank of America to Reduce Mortgages According to a recent AFP article: Bank of America has reached a side agreement with US authorities that could reduce the mortgages of some 200,000 borrowers….Bank...
View ArticleForeclosure 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...
View ArticleBank of America Reduces Mortgages!
Bank of America Reduces Mortgages by Forgiving a Portion of the Principal. For those of you who have not heard the breaking news, Bank of America has begun to forgive a portion of the principal on...
View ArticleLooking at Shadow Inventory
New York Shadow Inventory Shadow Inventory The Wall Street Journal had a very interesting article written by Nick Timiraos (a link to the article is provided below) regarding shadow inventory. The...
View ArticleThe Role of the Mortgage and Note in Foreclosure Actions
Mortgage and Note in Foreclosure Actions Mortgages are “secured transactions.” Secured Transactions are, essentially, collateralized loans. In secured transactions, borrowers give lenders an interest...
View ArticleShort 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...
View ArticleNo 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...
View ArticleFHA Mortgage for Distressed Home Owners
FHA Mortgages After Bankruptcy or Foreclosure The FHA recently released a letter stating that it was reducing the waiting period to get an FHA mortgage after a bankruptcy or foreclosure, to 1 year....
View Article
