Being under financial stress makes people extremely vulnerable to scams, whether in New York or elsewhere. The key is being aware, being educated and being skeptical. And of course, it never hurts to have an experienced New York bankruptcy attorney to check in with. Here are five common mortgage scams that every New Yorker should …
5 common mortgage scams for New Yorkers to beware of Read More »
What is an “emergency bankruptcy filing” and why would someone in Brooklyn or elsewhere in New York ever need one? In a nutshell, if you absolutely positively have to file right away with no time to lose, then there’s a procedure in the bankruptcy process that lets you do so even if you don’t have …
Foreclosure looms over your Brooklyn home (or Manhattan, Queens, etc. home). You’re not sure what to do about it and may be wondering if a bankruptcy filing will help. Will bankruptcy stop foreclosure? Of course, the answer depends on your situation. There are many different factors to that affect the decision, which an experienced New …
Foreclosure rescue scams are one of the notable side effects of the ongoing foreclosure crisis in New York and across the U.S.. Companies seem to spring up everywhere offering to assist you with your foreclosure problems and promising you that if you work with them you can avoid foreclosure. By and large, these are not …
A quarterly report from PropertyShark.com shows that overall the foreclosure rate for New York City dropped by 32% between the 4th quarter 2009 and the 4th quarter 2010 and fell by 26% between the 3rd quarter of 2010 and the 4th quarter of 2010. Notably, foreclosures in Queens accounted for 49% of all New York …
CreditSlips.org is always a great source of info and analysis of bankruptcy issues and news, especially those affecting average New Yorkers and other Americans. It’s run collaboratively by the leading bankruptcy professors on consumer bankruptcy issues from several different universities around the country. Though some of the CreditSlips.org posts may be a bit on the …
As New York foreclosures remain a problem, it’s perhaps more important than ever before to understand your mortgage. However, an attempt to diagram the journey of a mortgage seems, paradoxically, to do the opposite. The chart is the work of Dan Edstrom, an employee of DTC Systems, who performs securitization audits, and who devoted the …
NPR has a good piece this morning on WNYC about a real estate agent in Springfield, MO who goes door to door helping homeowners facing foreclosure. She and her partner literally knock on doors and offer their services for free. As a result, they’ve helped a number of homeowners at least temporarily stave off foreclosure …
New York foreclosure regulation just got a little stricter. And that’s not a bad thing. A new rule set forth by the New York Courts requires lawyers who assist banks with foreclosures to submit a signed statement attesting that they took reasonable steps to confirm the accuracy of the underlying documents. This essentially shifts some …
New New York Foreclosure Rule: Bank lawyers must take responsibility Read More »
With New York foreclosures in the mix of the robo-signing foreclosure controversy, there seems to be alarming rhetoric that seems to shift responsibility away from the banks and towards homeowners. A typical example is the taunting post by Halah Touryalai on Forbes.com titled, “Foreclosure Proble Won’t Get Your House Back,” she notes that “[B]anks are …
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