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Mortgage Settlement
$485,000 Mortgage Reduction
A client with a 2-family home in Corona defaulted in 2009. After multiple foreclosure attempts by the bank, we argued the action was time-barred and secured a settlement of $305,000 on a $790,000 debt, saving $485,000 and helping the client refinance with a new lender.
Our client’s $800,000 Manhattan coop was auctioned after defaulting on payments. Within a week, we negotiated with the bidder and lender to withdraw the sale and reinstate the mortgage—preserving over $400,000 in equity.
Loan Modification
Home Saved in Jamaica, NY
In a 2022 foreclosure proceeding, we negotiated a loan modification with Shellpoint Mortgage, allowing our client to keep their Jamaica home.
The information on this website is for general information purposes only. Nothing on this site should be taken as advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute a client relationship.
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