Loan modifications, which can benefit both the homeowner and mortgage lender, are a good way to avoid the cost and expense of litigation involving foreclosure while allowing the homeowner to maintain the property.
However, obtaining a loan modification can be difficult. Your mortgage lender will require extensive documentation to prove that a loan modification is appropriate. In many cases, homeowners have difficulty in approaching their mortgage lender and knowing who to speak to. Many of our clients have reported on the difficulty of getting the banks to take their loan modification request seriously.
The situation can be complex. To make matters worse, many scams exist making unrealistic promises about speeding up a settlement with the bank or ensuring a modification will be successful.
You Can Rely On Our Knowledge And Experience
Rubin & Licatesi, P.C., is a long-established and local law firm that has helped thousands of struggling homeowners since 1981. While we are knowledgeable and aggressive advocates for homeowners, we do not make unrealistic promises. Instead, we focus on practical, pragmatic solutions to keeping you in your home. Call our offices in Brooklyn and Garden City, New York, to schedule your initial consultation. We represent clients throughout the boroughs and Long Island.
Denied A Modification? That Is Not The End Of The Story
Many loan modification requests are initially denied. Yet this does not mean a foreclosure is inevitable or you are left without options. Many of our clients first contact us once a loan modification request has been denied. While it is beneficial to contact an attorney as soon as possible when negotiating to save your home, it is not too late to assert your rights.
Because the lawyers at Rubin & Licatesi, P.C., have been an established presence in Long Island for over 35 years, we have the practical knowledge needed to navigate the loan modification process.
Is Your Lender Acting In Bad Faith?
If your mortgage lender has failed to approach your loan modification request in good faith, it may be possible to file a motion in court alleging bad faith. Examples of bad faith actions include refusing to respond to your request and asking for an increasingly unreasonable amount of information. If your mortgage lender has acted unreasonably in considering your loan modification request, we can help.
Schedule A Free Consultation By Calling 516-712-2969
Call today or reach us online here to begin protecting your rights as a homeowner. We have flexible appointment schedules, including evenings and Saturdays.