LegalFaces.com

What's a common trick a bank uses against struggling home owners?

A trick that many banks use to steal money from a homeowner, especially when he’s in default and he’s no longer paying the mortgage, he’s three months behind, they say, “Look if you want to modify the loan you have to bring your loan up so that you’re no longer in arrears.” So the homeowner then makes payment of ten, twelve thousand dollars and brings it up. Calls the bank, gets another person and says, “Well let’s have a modification agreement. I’m now up to date.” And the bank says, “I’m sorry. We don’t have modification agreements unless you’re in default.” I’m Carl Person. I’m a New York lawyer and my job is to help people stay in their homes.

tags: mortgage foreclosure bank trick 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