Our client in Queens defaulted on a mortgage with Arvest Bank. We negotiated a modification deferring $94,173.53 in principal to create an affordable monthly payment, keeping the client in their home.
Mortgage Settlement
$900,000+ Mortgage Reduction
A homeowner in Richmond Hill faced two foreclosure actions, both beyond the six-year statute of limitations. We raised the defense, defeated summary judgment, and settled both the first and second mortgages for $180,000, saving over $900,000.
Loan Modification
Foreclosure Stopped – Monthly Payment Reduced
Facing foreclosure in Queens, our client’s mortgage with Caliber Home Loans was modified to reduce the monthly payment by $858.18, saving the home from foreclosure.
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