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How can I lower my mortgage payment in New York?

In New York a person can lower his mortgage payment by having a good case to present to the bank that, "I have been sick. I have lost the income." In one case a person's house got a broken back; and as a result it was a structural defect in the house and it caused the house to have half its value. I said, "Negotiate with the bank based upon the new value, and that'll cut your payments in half. You'll only pay half as much and only owe half as much." Facts: The bank wants to listen to facts. I'm Carl Person. I'm a New York lawyer, and my job is to help people stay in their homes.

tags: loan modification lower payments 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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How can I lower my mortgage interest rate in New York?

There are two ways to lower a mortgage interest rate, as I see it. Number one, is to reach a modification agreement with the bank that has a lower interest rate. Number two, if the bank doesn't agree to that, and yet...and proceeds with a foreclosure action, then you defend. And what agreement the bank was not willing to make with you before the action, after you start defending the foreclosure action, you'd be surprised how quick the bank might be willing to accept that same agreement. I'm Carl Person. I'm a New York lawyer and my job is to help people stay in their homes.

tags: loan modification lower payment 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 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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My mortgage just went up! How do I get it back down?

If your mortgage payment just went up, there are two ways of getting it back down. One, is to talk to the bank and tell the bank your problem and see if they won't be willing to modify the agreement to lower the rate and that with the modification agreement with the consent of the bank. But if the bank won't do it, this is where people then go to a lawyer and tell the lawyer "Look, I can't afford it. I'm gonna have to stop paying the mortgage." And the lawyer might say "Well that's a fine thing. Stop paying. Let them sue you. We'll defend and then we will modify it on better terms." I'm Carl Pearson, a New York lawyer and a fighter to keep people in their homes.

tags: loan modification higher rate! 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 prefer loan modifications or foreclosures?

As time goes on, banks are becoming more and more willing to do loan modifications. I would say six months or a year ago, the answer was 'no' whenever a borrower came to a, a bank for loan modification. But as the time is going by and the banks are losing more and more money on the non-performing loans and the foreclosure sales that are not uh, occurring, the banks are st-, starting to change their tune. And especially with the bailout, and the new laws that are coming around with, in California, uh, they are becoming, they're starting to wake up and smell the coffee. And realize that they need to make some money of these loans and the way to do that is to, is to get a loan modification and get the borrower on a payment that they can afford. If they need to extend the term, or if they need to lower the interest rate, something is better than nothing at this point. And so that's the way we're really starting to see banks are becoming more open to the idea of loan modificaiton. My name is Damion Nasire. I'm a partner in the law firm Howard & Nasire. 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 bank preference mortgage debt relief predatory lending foreclosure bankruptcy lawyer law firm attorney Orange County Los Angeles California Howard Nassiri

attorney: Howard | Nassiri, LLP