LegalFaces.com

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Do banks in New York want to lower my interest rate?

Banks would like to make properties pay when they have a mortgage outstanding. And in many cases, the banks will have to lower the interest rate in order to make the mortgage payment affordable by the person living in the home. So that the banks may not like it, but they do recognize that the way of keeping toxic mortgages off their books is to bring them back to life by making the mortgages affordable. In that way they do lower interest rates and that is done in a modification agreement. I’m Carl Person, a New York lawyer and a fighter to keep people in their homes.

tags: loan modification banks will help mortgage foreclosure defense debt relief predatory lending foreclosure bankruptcy lawyer law firm attorney Brooklyn Bronx Staten Island Manhattan Queens New York Carl E. Person Carl-Person-Foreclosure-Defense

attorney: Carl E. Person

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Do banks want to lower my monthly mortgage payment?

Banks want to lower the mortgage payments under circumstances that are just. For example, if a person has the property that is declining in value, less income, they have been steady payers they just can't afford the higher rate, and especially if the higher rate was just thrust on them with a variable. The banks recognize the writing on the wall and they are willing to reach an agreement, called a modification agreement, to keep the monthly payment down and make it affordable, yes. I'm Carl Person. I'm a New York lawyer and my job is to help people stay in their homes.

tags: loan modification banks will help mortgage foreclosure defense debt relief predatory lending foreclosure bankruptcy lawyer law firm attorney Brooklyn Bronx Staten Island Manhattan Queens New York Carl E. Person Carl-Person-Foreclosure-Defense

attorney: Carl E. Person

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Has the economic climate forced the banks to give more loan modifications?

The economic climate is forcing more banks to do loan modifications because they have more and more foreclosures on their books, and it’s not a good thing. It’s really what’s driven the market to be where it is right now, that’s required this bailout by our government, iIs because you have so many non performing loans. And the truth of the matter is that many of these borrowers were able to make their payments in the past, but were unable to keep up with their payments when the interest rates adjusted through the roof. So if we just bring those interest rates back down, it’s going to solve a lot of the problems. If we extend the term of the loan from thirty to fourty years, and maybe drop the principal down a little bit, many – if not all – of these borrowers will be able to make the monthly payments on their loans. My name’s Damion Nassiri. I’m a partner in the law firm Howard Nassiri. We’re based in Southern California and we help people save their homes. If you’ve been the victim of a predatory loan, or you’re facing foreclosure, give us a call.

tags: loan modification economic climate mortgage debt relief predatory lending foreclosure bankruptcy lawyer law firm attorney Orange County Los Angeles California Howard Nassiri

attorney: Howard | Nassiri, LLP

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Do I qualify to mount a mortgage foreclosure defense?

If a person is sued in a foreclosure action, they're invited by the summons that they receive to put in a defense. A defense will include various reasons why the bank should not win. Various things they've done wrong and the banks we now know have done many things wrong. Previously, like a year ago, the court probably wouldn't look at half of this. But now the courts are looking at it and we are aware that the banks do wrong in many cases. Some of these wrongs translate into defenses and a lawyer can help the person that sued to maintain those defenses. I'm Carl Person, a New York lawyer and a fighter to keep people in their homes.

tags: mortgage defense foreclosure qualifications loan modification debt relief predatory lending foreclosure bankruptcy lawyer law firm attorney Brooklyn Bronx Staten Island Manhattan Queens New York Carl E. Person Carl-Person-Foreclosure-Defense

attorney: Carl E. Person