LegalFaces.com

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Can I stop paying my mortgage in New York?

Can a person in New York stop paying his mortgage? And the answer is 'yes'. Its very easy, if you can't afford it you have to stop paying and then you invite a mortgage foreclosure action and then you assert your defenses against it and then the bank will have to reach a modification agreement with you if you're able to live within the terms of the modification. For example, you could cut a $4,000 payment down to maybe $3,200. If you can make the $3,200 payment, the bank may be willing to reach the modification agreement to end the lawsuit. I'm Carl Person, a New York lawyer and a fighter to keep people in their homes.

tags: mortgage payments stop paying 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

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Should I stop paying my mortgage if I'm near foreclosure?

If you're running out of money and the question is should you stop paying your mortgage, the answer is see an attorney, describe what's happening, and the attorney should consider whether you should stop paying it and precipitate a foreclosure so that you can save the money that you do have for the next fourteen months and be able to pay an attorney to defend yourself, so that yes a person could do this and should at least see an attorney to decide whether or not it's appropriate. I'm Carl Person, a New York lawyer and a fighter to keep people in their homes.

tags: mortgage foreclosure good defense loan modification 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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When is it smart to stop paying my mortgage in New York?

It's a smart move to stop paying your mortgage in New York when you don't have the money to pay. You have no other choice, so you should stop payment earlier rather than later. Have the bank then bring a forclosure action, you now have fourteen months of additional time for nonpayment of the mortgage, and because of that the bank will want to reach a modification agreement and you should try desperately to reach one that you could live with, and that's the perfect resolution of the case. I'm Carl Person, a New York lawyer, and a fighter to keep people in their homes.

tags: mortgage payments don't pay 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

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How long can I live in my house without paying the mortgage?

A person a can live for free in his house almost two years in New York if you do it this way: you stop paying the mortgage, they foreclose it takes 14 months, and then they have evict you- this may be another four. But that is not what you really want to do. You want to stop paying in order to force a foreclosure and, as quickly as possible, reach a modification agreement and then be a person that pays on a regular basis [so] that you have lawful, proper possession, and the bank is happy. I'm Carl Pearson, a New York lawyer and a fighter to keep people in their homes.

tags: mortgage default stay in home 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

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How is a mortgage foreclosure defense like smart business?

When a borrower has a mortgage and knows there's going to be trouble ahead, the borrower should look ahead like anyone in business would that sees bad times coming and they should start adjusting their financial policy, which means in the case of a mortgage, consider whether you should stop paying earlier now, rather than paying until you have no money left. So smart business tactics would be stop paying, force a mortgage foreclosure proceeding and then defend. And then usually reach a negotiation and settlement that will allow the property to be brought back to a performing status. I'm Carl Person, I'm a New York lawyer, and my job is to help people stay in their homes.

tags: mortgage defense foreclosure smart loan modification 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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What is my first line of defense against mortgage foreclosure?

When a person feels like there is going to be a crisis coming up because of sickness or loss of job, loss of income, and therefore they won't be able to continue paying their mortgage, they should think ahead of time, maybe even six months in advance, see an attorney and talk with the attorney and see whether it is not appropriate now to stop paying the mortgage and save that money- fourteen months worth of mortgage payments. Use that to defend the action and then to obtain from the bank a modification agreement once they are in foreclosure. I am Carl Person. I'm a New York lawyer, and my job is to help people stay in their homes.

tags: mortgage foreclosure 1st defense 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

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When is the right time to initiate a mortgage defense?

The bank determines when the foreclosure preceding begins, but the borrower has an opportunity of deciding for himself or herself when he or she wants the bank to begin this. And the way its done is that a borrower realizes that six months from now, I don't have any money. I'm not going to be able to pay the foreclosure or pay the mortgage in six months. So why spend all of your money between now and six months and give the bank everything you have. Stop paying! Right now! Stop paying. Precipitate a foreclosure right now and you will have fourteen months of not having to pay the mortgage and you can then force the bank, if you have appropriate circumstances, you can force the bank into reaching a modification agreement which right now, today, they won't give you! That's why you're here talking with me, because the bank won't give you a modification. Let's force them to do it by bringing them into court, force them to sue you, you defend and then you can have the relief you are seeking. I'm Carl Person. I'm a New York lawyer and my job is to help people stay in their homes.

tags: mortgage foreclosure defending loan modification 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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I just lost my job! How can I keep my home?

If a person who has just lost his job wants to save his home, there is two things to do. Number one, tell the bank that you can't pay the mortgage the way it is and ask for a modification agreement. The bank sometimes will agree and other times not. If the bank refuses to agree to a modification, then stop paying the mortgage. Precipitate a lawsuit. Defend the lawsuit, and then you will have a better chance of reaching the modification that you want. I'm Carl Person. I'm New York lawyer, and my job is to help people stay in their homes.

tags: loan modification job loss 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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When is it okay not to pay a mortgage in New York?

It is okay not to pay a mortgage in New York when you don't have any money. What else are you going to do? You're not going to steal from a gas station to pay your mortgage nor should you steal from your retirement or from your credit cards. If you can't make the payment, stop paying and then invite a foreclosure action, defend the foreclosure action and then reach a modification agreement to end the lawsuit. I'm Carl Person, I'm a New York lawyer and my job is to help people stay in their homes.

tags: mortgage payments ok to not pay 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

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Can I defend my own mortgage foreclosure?

The question often arises whether somebody should defend a mortgage foreclosure action himself or herself, particularly when they don't have money. I say to these people this: stop paying your mortgage when you know you're going to start having trouble in the future. You're going to have enough money then to hire a lawyer. Don't do it yourself! Because it's so tricky, even for a lawyer, that you don't want to be - run the risk of losing your property. Hire a lawyer and do it quickly. I'm Carl Person, I'm a New York lawyer, and my job is to help people stay in their homes.

tags: mortgage foreclosure self-defense loan modification 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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When is it smart to initiate your own mortgage foreclosure?

A person should initiate his or her own mortgage foreclosure when the person sees that they can't pay the mortgage for six months from now. Stop paying now and that is the initiation of mortgage foreclosure proceedings. And by the way, as a condition for modification, many banks require you to be in default. Don't pay up your mortgage and then think you're going to get a modification agreement. I'm Carl Pearson, I'm a New York lawyer, and my job is to help people stay in their homes.

tags: mortgage foreclosure self initiated loan modification 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 a lawyer help me keep my home in New York?

In New York a lawyer can help a borrower who's running into trouble with a home, with a mortgage. And first of all the lawyer should consider whether it's appropriate to stop paying the mortgage right now because of this financial trouble. And then invite a foreclosure. The bank, upon nonpayment, will sue. And then the lawyer should defend, within 20 days after the service of the summons and complaint. In doing so the bank will then say, oh my god there're defending the foreclosure, how unique. Most people don't defend. And the bank will then be more readily agreeable to a modification after the suit is brought when they weren't willing to do the same thing before the suit was brought. I'm Carl Pierceson. I'm a New York lawyer and my job is to help people stay in their homes.

tags: mortgage defense lawyer help 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

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What is a mortgage foreclosure defense?

A mortgage foreclosure defense is a way by which a home owner, that owes money to the bank, can keep the home. Number one, a foreclosure action, at least in New York, takes about 14 months. So in a 14 month period, the borrower is able to stall, hold off and forcing the bank to reach a modification agreement hopefully. So these defenses, however, have to be bonafide. For example, a defense that the mortgage broker and the bank were engaged in fraud and were charging a higher interest rate to the borrower than the borrower should have been paying. Often leading up to hundreds of thousands of dollars a year of extra charges. We can defend and do something about that and stop the foreclosure and that's the kind of thing I am urging people do. I'm Carl Person. I'm a New York lawyer and my job is to help people stay in their homes.

tags: mortgage foreclosure defense NY loan modification 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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What's most difficult about being a foreclosure attorney?

The difficult thing about my practice is that I represent people in distress, and distress is an economic situation. They have less money. They have less faith. They have...they're scared they are going to lose everything they have, and they come to me and they want me to help them. I can't help everyone that is in that dire circumstance. The best thing they can do is come to a lawyer--me or some other lawyer when they first have a foreclosure action against them. Then we can help them inexpensively and do a much better job than when they come belatedly. Or, they should get in there early and advise them to stop paying their mortgage so that they don't waste their money, and that they can precipitate a foreclosure and a modification more readily by doing it quickly, by stopping payment. That is what people need to know, and they don't know this. Instead, they talk with the bank, and the foreclosure is taking place. The foreclosure is going to happen. The faceless person at the bank does not call up the law firm and stop the foreclosure. They think it happens that way. I don't see it happening that way at all. So, the foreclosure is racing along, and then it's in default. And then they come to me saying that, "Oh my God, I'm gonna lose the property." What these people need to know in advance is that they don't have to lose a property that way, and it is not expensive to defend a foreclosure action if you do it timely. I'm Karl Pierson, a New York lawyer and a fighter to keep people in their homes.

tags: mortgage foreclosure lawyer role 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

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Will my credit score be harmed by debt settlement?

In California, your credit may be harmed by a debt settlement. Most programs are designed to instruct the consumer to stop paying their credit card debt, which is usually the type of debt you’re dealing with, with these programs. When that happens, creditors are allowed to continue to charge you interest, uh, late fees may accrue, and in some of the more extreme situations, uh, you may be the victim of a lawsuit. Uh, so, your credit may be adversely affected. But, it is best that when you are looking around for debt settlement programs you try and find one that has adequate legal representation. Because only a lawyer can make sure your rights are looked out for. I’m Vincent Howard, senior and managing partner of Howard and Nassiri. We work hard everyday representing the consumer, from our headquarters in Orange County, California. If you need an attorney you can trust, go ahead and give us a call.

tags: debt settlement credit score debt relief predatory lending loan modification foreclosure bankruptcy lawyer law firm attorney Orange County Los Angeles California Howard Nassiri

attorney: Howard | Nassiri, LLP