Mortgage Archives - Page 12 of 14 - Bankruptcy Attorney in Brooklyn, New York

Don’t Let Stories About the ‘Lock-In Effect’ Keep You in Your Underwater House

Many people who were badly hit by the housing bust might have avoided talking to a bankruptcy lawyer because they heard about the so-called “lock-in effect.” The “lock-in effect” hypothesizes that underwater homeowners will refuse to move to new locations where work is available because they don’t want to sell their homes at a loss, …

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Will the automatic stay protect me from foreclosure in New York?

Leave a Comment / Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Foreclosure, Loan modification, Mortgage / By Matt Leichter

If you are facing foreclosure on your home in New York and you file for bankruptcy, will the automatic stay protect your home from foreclosure? The answer: Yes and no. Once you file for bankruptcy, the automatic stay goes into effect and prohibits any creditors from taking any actions to collect money or assets from …

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5 common mortgage scams for New Yorkers to beware of

Leave a Comment / Bankruptcy, Foreclosure, Loan modification, Mortgage, Scams / By Matt Leichter

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 …

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Will Bankruptcy Stop Foreclosure?

Leave a Comment / Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Foreclosure / By Matt Leichter

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 …

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Bankruptcy Look 12.15.10

Leave a Comment / Bankruptcy, Credit cards, Foreclosure / By Matt Leichter

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 …

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Brooklyn Bankruptcy Update 03.31.10

Leave a Comment / Bankruptcy, Debt, Foreclosure, Scams / By Matt Leichter

Time for another edition of Brooklyn Bankruptcy Update, a look at the latest Bankruptcy news and happenings out of the County of Kings (aka Brooklyn). 1. Mayor Bloomberg Announces New NYC Service Initiative to Provide Free Legal Services to Homeowners in Danger of Foreclosure (RealEstateRama.com) “A new NYC Service initiative to provide free legal support …

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Bankruptcy Man vs. Mortgantua – Mortgage Note Request!

Leave a Comment / Bankruptcy, Creditors, Foreclosure, Mortgage, Scams / By Matt Leichter

Bankruptcy Man (f/k/a BAPCPA Man) fights through a classic mortgage industry trick by Mortgantua. Note: This cartoon is posted on the NYBankruptcyNet site with the express permission of the creators of Bankruptcy Man. If you’re concerned about foreclosure in New York and dealing with mortgage and other financial problems, if you’re in search of your …

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Bankruptcy Man learns how to fight the mortgage industry (aka Mortgantua)

Leave a Comment / Bankruptcy, Creditors, Debt, Foreclosure, Mortgage / By Matt Leichter

Bankruptcy Man (f/k/a BAPCPA Man) remembers his training for fighting the mortgage industry (a/k/a Mortgantua). The cartoon also features a cameo by North Carolina-based foreclosure fighting guru, O. Max Gardner. Note: This cartoon is posted on the NYBankruptcyNet site with the express permission of the creators of Bankruptcy Man. If you’re concerned about foreclosure in …

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Pre-bankruptcy planning in New York and the continuing foreclosure crisis and economic recession

Leave a Comment / Bankruptcy, Debt, Foreclosure, Loan modification, Mortgage / By Matt Leichter

Grim economic news continues to pour forth. CBS News’ website has an articled titled “The Coming Foreclosure and Commercial Real Estate Storms.” You thought we were already in the middle of the foreclosure crisis? Well apparently there’s more to come. From the banks’ point of view, the longer they keep you on the hook, the …

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1099-C and Forgiveness of Debt: Another reason to be wary of debt settlement companies

Leave a Comment / Bankruptcy, Debt, Mortgage, Scams / By Matt Leichter

I’ve previously warned against working with debt settlement companies on the basis that many of them are scams and just take advantage of people. However, here’s one more reason to be wary of debt settlement companies: 1099-C…. the tax document you receive signifying income when a debt is forgiven. If you negotiate a settlement so …

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(718) 855-6840

The office is open as per the NYS Covid-19 guidelines. We are now doing both in-person and telephone consultations. Please call the office at 718-855-6840 to schedule a time to speak with one of our experienced bankruptcy attorneys.