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October 2011

Just Say No to Debt Settlement in New York. They’re Scams. Seriously.

Readers may remember Ocean’s Eleven, the heist movie that was remade several years ago with George Clooney, Brad Pitt, and Matt Damon. Heist movies are one of the few ways typical Americans see con artists. They’re portrayed as handsome villains who rob the rich. In reality, scammers aren’t groups of experienced criminals with expert skills …

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Lenders May Be Quicker to Agree to Refinancing in New York Than You Might Think

Lenders May Be Quicker to Agree to Refinancing in New York Than You Might Think Most bankruptcy attorneys discuss short sales, loan modifications, deeds in lieu of foreclosure agreements as options for addressing the underwater mortgage. There is another option that homeowners do not consider:Refinancing. To explain, a homeowner refinances a house by borrowing a …

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New Yorkers and the Underwater Mortgage that Survived Bankruptcy

People know that financial hardship can strike more than once. In circumstances when they’ve already filed a Chapter 7 New York bankruptcy and received their discharge, they will be unable to file again for seven years. These are often very dire situations and usually come about because of poor representation in the initial bankruptcy. People in these …

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