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What is a mortgage kicker?

A mortgage kicker is what I see as an extra amount of income that the lender can expect down the line without the borrow realizing it, often. And that is that, if the lender recognizes that the borrower probably is going to be in default, and the bank will then be able to get the property back, the bank will also charge a lot of extra legal fees, a higher rate of interest, and then the bank will resell the property to comeone else, another victim, and go through the same thing again, and that's like a kicker, an equity kicker, for the bank. I'm Carl Person, I'm a New York lawyer, and my job is to help people stay in their homes.

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attorney: Carl E. Person

How do loan kickers contribute to mortgage foreclosures?

Loan kickers contribute to mortgage foreclosures because the bank sets up a loan in such a way that a foreclosure is generally expected, and therefore, we ought to take away those things in a mortgage that contribute to the foreclosures. And the kickers I have described, uh, is what should be taken away. They shouldn’t be allowed to build in, uh, the, the expectation of foreclosure. I’m Carl Person, a New York lawyer, and a fighter to keep people in their homes.

tags: mortgage kicker problems loan modification 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