{"id":984,"date":"2010-10-05T10:13:45","date_gmt":"2010-10-05T14:13:45","guid":{"rendered":"https:\/\/nybankruptcy.net\/main\/?p=984"},"modified":"2018-11-22T12:47:11","modified_gmt":"2018-11-22T12:47:11","slug":"big-banks-delay-home-foreclosures-in-new-york","status":"publish","type":"post","link":"https:\/\/nybankruptcy.net\/main\/big-banks-delay-home-foreclosures-in-new-york\/","title":{"rendered":"Big banks delay home foreclosures in New York: What does this mean for New York homeowners?"},"content":{"rendered":"
\"\"<\/a>
“Isn’t it ironic?”<\/figcaption><\/figure>\n

In case you haven’t seen the news, several major banks–Bank of America<\/strong>, JP Morgan<\/strong> and GMAC<\/strong>–have declared a moratorium on foreclosures in 23 states, including New York.<\/p>\n

Why?\u00a0 Because they’ve been so sloppy in processing foreclosures that they face a wave of class action lawsuits and actions by state attorney generals.<\/p>\n

Specifically, a Bank of America employee admitted to signing off on over 8,000 foreclosure documents without even reading them!\u00a0 As a result, other major banks are reviewing their foreclosure procedures to see what’s going on under the hood in their companies.\u00a0 And the fact that they’ve put a stop on foreclosures indicates that they’re definitely concerned, if they don’t already know that they’ve got a problem.<\/p>\n

Another problem is that in many cases they can’t even prove ownership of a mortgage.\u00a0 The title has changed hands so many times among so many banks and investors, that it’s hard to track it down.\u00a0 That’s bad form and bad news if you’re a mortgage lender trying to get paid.\u00a0 But potentially helpful information if you’re a homeowner trying to negotiate some breathing space with a mortgage lender.<\/p>\n

Odds are that similar problems have been going on at other banks.\u00a0 They all have faced the same challenge:\u00a0 dealing with a mountain of foreclosure paperwork.\u00a0 So it wouldn’t be surprising to learn that other banks dealt with the problem in the same way as Bank of America, i.e., by rushing and cutting corners.<\/p>\n

Ironic is a word that only begins to describe the situation.<\/p>\n

But more importantly, what does this mean for the average homeowner in New York facing foreclosure?<\/strong> An increasingly likelihood that your mortgage lender might be more open to a short sale, deed-in-lieu transaction or workout plan.<\/p>\n

If you have questions about your own financial situation or are concerned about the foreclosure process, please feel free to contact me for a free initial consultation.\u00a0 Unlike Bank of America, I follow the rules and don’t cut corners when it comes to helping clients navigate the bankruptcy and foreclosure processes.<\/p>\n

Contact Bruce Weiner, Esq.<\/a><\/h2>\n

EMAIL Bruce Weiner<\/a><\/strong>
\nPhone<\/strong>
\n(718) 855-6840 (Local)
\n(866) 402-8476 (Toll Free)
\nFax<\/strong> (718) 625-1966<\/p>\n

Go to\u00a0Brooklyn NY foreclosure attorneys<\/a>\u00a0<\/strong><\/em>t<\/em>o learn more about Rosenberg Musso & Weiner LLP<\/strong><\/a> and\/or to set up a free consultation.<\/em><\/p>\n

<\/center><\/p>\n","protected":false},"excerpt":{"rendered":"

In case you haven’t seen the news, several major banks–Bank of America, JP Morgan and GMAC–have declared a moratorium on foreclosures in 23 states, including New York. Why?\u00a0 Because they’ve been so sloppy in processing foreclosures that they face a wave of class action lawsuits and actions by state attorney generals. Specifically, a Bank of …<\/p>\n

Big banks delay home foreclosures in New York: What does this mean for New York homeowners?<\/span> Read More \u00bb<\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":""},"categories":[10],"tags":[],"acf":[],"yoast_head":"\nBig banks delay home foreclosures in New York | Brooklyn New York<\/title>\n<meta name=\"description\" content=\"In case you haven't seen the news, several major banks--Bank of America, JP Morgan and GMAC--have declared a moratorium on foreclosures in 23 states,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nybankruptcy.net\/main\/big-banks-delay-home-foreclosures-in-new-york\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Big banks delay home foreclosures in New York | Brooklyn New York\" \/>\n<meta property=\"og:description\" content=\"In case you haven't seen the news, several major banks--Bank of America, JP Morgan and GMAC--have declared a moratorium on foreclosures in 23 states,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nybankruptcy.net\/main\/big-banks-delay-home-foreclosures-in-new-york\/\" \/>\n<meta property=\"og:site_name\" content=\"Bankruptcy Attorney in Brooklyn, New York | Rosenberg Musso Weiner\" \/>\n<meta property=\"article:published_time\" content=\"2010-10-05T14:13:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-11-22T12:47:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nybankruptcy.net\/main\/wp-content\/uploads\/2010\/10\/bankofamerica.png\" \/>\n<meta name=\"author\" content=\"Matt Leichter\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Matt Leichter\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/nybankruptcy.net\/main\/big-banks-delay-home-foreclosures-in-new-york\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/nybankruptcy.net\/main\/big-banks-delay-home-foreclosures-in-new-york\/\"},\"author\":{\"name\":\"Matt Leichter\",\"@id\":\"https:\/\/nybankruptcy.net\/main\/#\/schema\/person\/75d08d648836eaa13b64bf21273bf4e7\"},\"headline\":\"Big banks delay home foreclosures in New York: What does this mean for New York homeowners?\",\"datePublished\":\"2010-10-05T14:13:45+00:00\",\"dateModified\":\"2018-11-22T12:47:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/nybankruptcy.net\/main\/big-banks-delay-home-foreclosures-in-new-york\/\"},\"wordCount\":402,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/nybankruptcy.net\/main\/#organization\"},\"articleSection\":[\"Foreclosure\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/nybankruptcy.net\/main\/big-banks-delay-home-foreclosures-in-new-york\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nybankruptcy.net\/main\/big-banks-delay-home-foreclosures-in-new-york\/\",\"url\":\"https:\/\/nybankruptcy.net\/main\/big-banks-delay-home-foreclosures-in-new-york\/\",\"name\":\"Big banks delay home foreclosures in New York | Brooklyn New York\",\"isPartOf\":{\"@id\":\"https:\/\/nybankruptcy.net\/main\/#website\"},\"datePublished\":\"2010-10-05T14:13:45+00:00\",\"dateModified\":\"2018-11-22T12:47:11+00:00\",\"description\":\"In case you haven't seen the news, several major banks--Bank of America, JP Morgan and GMAC--have declared a moratorium on foreclosures in 23 states,\",\"breadcrumb\":{\"@id\":\"https:\/\/nybankruptcy.net\/main\/big-banks-delay-home-foreclosures-in-new-york\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nybankruptcy.net\/main\/big-banks-delay-home-foreclosures-in-new-york\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nybankruptcy.net\/main\/big-banks-delay-home-foreclosures-in-new-york\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nybankruptcy.net\/main\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Big banks delay home foreclosures in New York: What does this mean for New York homeowners?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nybankruptcy.net\/main\/#website\",\"url\":\"https:\/\/nybankruptcy.net\/main\/\",\"name\":\"Bankruptcy Attorney in Brooklyn, New York | Rosenberg Musso Weiner\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/nybankruptcy.net\/main\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nybankruptcy.net\/main\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/nybankruptcy.net\/main\/#organization\",\"name\":\"Rosenberg, Musso & Weiner, LLP\",\"url\":\"https:\/\/nybankruptcy.net\/main\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nybankruptcy.net\/main\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/nybankruptcy.net\/main\/wp-content\/uploads\/2018\/06\/logo.png\",\"contentUrl\":\"https:\/\/nybankruptcy.net\/main\/wp-content\/uploads\/2018\/06\/logo.png\",\"width\":124,\"height\":108,\"caption\":\"Rosenberg, Musso & Weiner, LLP\"},\"image\":{\"@id\":\"https:\/\/nybankruptcy.net\/main\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/nybankruptcy.net\/main\/#\/schema\/person\/75d08d648836eaa13b64bf21273bf4e7\",\"name\":\"Matt Leichter\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nybankruptcy.net\/main\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bd20b564e1f526a569ac8b1fc9ef74db?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bd20b564e1f526a569ac8b1fc9ef74db?s=96&d=mm&r=g\",\"caption\":\"Matt Leichter\"},\"url\":\"https:\/\/nybankruptcy.net\/main\/author\/mleichter\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Big banks delay home foreclosures in New York | Brooklyn New York","description":"In case you haven't seen the news, several major banks--Bank of America, JP Morgan and GMAC--have declared a moratorium on foreclosures in 23 states,","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nybankruptcy.net\/main\/big-banks-delay-home-foreclosures-in-new-york\/","og_locale":"en_US","og_type":"article","og_title":"Big banks delay home foreclosures in New York | Brooklyn New York","og_description":"In case you haven't seen the news, several major banks--Bank of America, JP Morgan and GMAC--have declared a moratorium on foreclosures in 23 states,","og_url":"https:\/\/nybankruptcy.net\/main\/big-banks-delay-home-foreclosures-in-new-york\/","og_site_name":"Bankruptcy Attorney in Brooklyn, New York | Rosenberg Musso Weiner","article_published_time":"2010-10-05T14:13:45+00:00","article_modified_time":"2018-11-22T12:47:11+00:00","og_image":[{"url":"https:\/\/nybankruptcy.net\/main\/wp-content\/uploads\/2010\/10\/bankofamerica.png"}],"author":"Matt Leichter","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Matt Leichter","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/nybankruptcy.net\/main\/big-banks-delay-home-foreclosures-in-new-york\/#article","isPartOf":{"@id":"https:\/\/nybankruptcy.net\/main\/big-banks-delay-home-foreclosures-in-new-york\/"},"author":{"name":"Matt Leichter","@id":"https:\/\/nybankruptcy.net\/main\/#\/schema\/person\/75d08d648836eaa13b64bf21273bf4e7"},"headline":"Big banks delay home foreclosures in New York: What does this mean for New York homeowners?","datePublished":"2010-10-05T14:13:45+00:00","dateModified":"2018-11-22T12:47:11+00:00","mainEntityOfPage":{"@id":"https:\/\/nybankruptcy.net\/main\/big-banks-delay-home-foreclosures-in-new-york\/"},"wordCount":402,"commentCount":0,"publisher":{"@id":"https:\/\/nybankruptcy.net\/main\/#organization"},"articleSection":["Foreclosure"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/nybankruptcy.net\/main\/big-banks-delay-home-foreclosures-in-new-york\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/nybankruptcy.net\/main\/big-banks-delay-home-foreclosures-in-new-york\/","url":"https:\/\/nybankruptcy.net\/main\/big-banks-delay-home-foreclosures-in-new-york\/","name":"Big banks delay home foreclosures in New York | Brooklyn New York","isPartOf":{"@id":"https:\/\/nybankruptcy.net\/main\/#website"},"datePublished":"2010-10-05T14:13:45+00:00","dateModified":"2018-11-22T12:47:11+00:00","description":"In case you haven't seen the news, several major banks--Bank of America, JP Morgan and GMAC--have declared a moratorium on foreclosures in 23 states,","breadcrumb":{"@id":"https:\/\/nybankruptcy.net\/main\/big-banks-delay-home-foreclosures-in-new-york\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nybankruptcy.net\/main\/big-banks-delay-home-foreclosures-in-new-york\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/nybankruptcy.net\/main\/big-banks-delay-home-foreclosures-in-new-york\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nybankruptcy.net\/main\/"},{"@type":"ListItem","position":2,"name":"Big banks delay home foreclosures in New York: What does this mean for New York homeowners?"}]},{"@type":"WebSite","@id":"https:\/\/nybankruptcy.net\/main\/#website","url":"https:\/\/nybankruptcy.net\/main\/","name":"Bankruptcy Attorney in Brooklyn, New York | Rosenberg Musso Weiner","description":"","publisher":{"@id":"https:\/\/nybankruptcy.net\/main\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nybankruptcy.net\/main\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/nybankruptcy.net\/main\/#organization","name":"Rosenberg, Musso & Weiner, LLP","url":"https:\/\/nybankruptcy.net\/main\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nybankruptcy.net\/main\/#\/schema\/logo\/image\/","url":"https:\/\/nybankruptcy.net\/main\/wp-content\/uploads\/2018\/06\/logo.png","contentUrl":"https:\/\/nybankruptcy.net\/main\/wp-content\/uploads\/2018\/06\/logo.png","width":124,"height":108,"caption":"Rosenberg, Musso & Weiner, LLP"},"image":{"@id":"https:\/\/nybankruptcy.net\/main\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/nybankruptcy.net\/main\/#\/schema\/person\/75d08d648836eaa13b64bf21273bf4e7","name":"Matt Leichter","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nybankruptcy.net\/main\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd20b564e1f526a569ac8b1fc9ef74db?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd20b564e1f526a569ac8b1fc9ef74db?s=96&d=mm&r=g","caption":"Matt Leichter"},"url":"https:\/\/nybankruptcy.net\/main\/author\/mleichter\/"}]}},"_links":{"self":[{"href":"https:\/\/nybankruptcy.net\/main\/wp-json\/wp\/v2\/posts\/984"}],"collection":[{"href":"https:\/\/nybankruptcy.net\/main\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nybankruptcy.net\/main\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nybankruptcy.net\/main\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/nybankruptcy.net\/main\/wp-json\/wp\/v2\/comments?post=984"}],"version-history":[{"count":4,"href":"https:\/\/nybankruptcy.net\/main\/wp-json\/wp\/v2\/posts\/984\/revisions"}],"predecessor-version":[{"id":8269,"href":"https:\/\/nybankruptcy.net\/main\/wp-json\/wp\/v2\/posts\/984\/revisions\/8269"}],"wp:attachment":[{"href":"https:\/\/nybankruptcy.net\/main\/wp-json\/wp\/v2\/media?parent=984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nybankruptcy.net\/main\/wp-json\/wp\/v2\/categories?post=984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nybankruptcy.net\/main\/wp-json\/wp\/v2\/tags?post=984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}