906 Bertha Court, Baldwin, NY 11510 • Phone: 516-223-1000 • Fax: 516-223-4455 • E-mail: nomisrealty@nomisrealty.com
300 Old Country Road, Mineola, NY 11501 • Phone: 516-248-9000 • Fax: 516-378-1800
MLS/ID#: 
 

Loan Modifications

David C. Weiss
David C. Weiss, Esq.
Executive Vice President

Director, Nomis Realty Inc.
Property Tax Research Division


Modifying Mortgage Loans
– Anywhere in the Country –

David C. Weiss, Esq., Director
Homeowner Assistance Program

 

 

As a real estate attorney with many years of experience, one of my specialties is assisting homeowners in modifying their mortgage loans. While there is no guarantee that a mortgage loan modification can be obtained in any particular case, I have had considerable success in this area. Regardless of where your property is located, anywhere in the country, I may be able to be of assistance.

Many homeowners are behind in their mortgage payments and/or are struggling to make these payments. As a result, more and more banks are becoming more receptive to considering mortgage loan modifications.

Mortgage loans can be modified or restructured in a number of ways to generate lower monthly payments, including: 1) reducing the principal owed; 2) reducing the interest rate paid; and 3) increasing the length of the loan.

We will negotiate with the banks to lower your payments to make them more affordable, so that you can retain ownership of your home. If you are behind in your mortgage payments, we will negotiate with the bank for the bank to either forgive these monies or to put them on the back-end of your loan so that you will not have to pay them until you sell your home.

As mentioned above, in any particular case a loan modification cannot be guaranteed. However, we are very persistent, have a great deal of expertise, and make every reasonable effort to obtain the best possible results for our clients.

Our Fee Structure Is As Follows – an initial non-refundable fee of $995.00 which represents the hours of work that we have to invest in each file. Remember, a mortgage loan modification is not guaranteed. If we don’t obtain a loan modification, this is the only fee. If we do obtain a mortgage loan modification, there is an additional $1995.00 fee which can be paid as one sum or on a payment plan.

Short Sales

Sometimes even with a mortgage loan modification, it is financially difficult for a homeowner to keep the home. In such cases the homeowner may wish to sell the home. However, if they owe the bank(s) more than the current market value of the home, this is obviously a problem. A “short sale” is when the lending institution agrees to accept less than they are owed, as an alternative to taking back the property. A short sale is virtually always a better alternative for the homeowner than allowing the bank to take back the property. Negotiating short sales is another area in which Mr. Weiss is very experienced.

Reducing Property Taxes

Quite frequently Mr. Weiss can also reduce your total monthly payment (which usually also includes property taxes and insurance) by reducing your property taxes. He has assisted over 4,000 Long Island property owners in significantly reducing their property taxes. Since Mr. Weiss’s fee is only a percentage of what he saves you, there is no fee for his legal services if he does not reduce your property taxes. For more information click here.

Call or e-mail us today to request a free consultation.

 

David C. Weiss, Esq.
Director, Homeowner Assistance Program
(516) 248-9000
NomisRealty@att.net

Important Legal Notice and Disclaimer – All information provided on this website is deemed reliable but is not guaranteed and should be independently verified by prospective users of said information. Individuals using any of the information contained on this website do so at their own risk. Neither Nomis Realty Inc. nor Simon Realty International, LTD., nor any of their agents, shall be responsible or liable for any errors or inaccuracies related to the information provided on this website. All information provided on this website, including but not limited to property availability, is subject to change without notice. All properties are subject to prior sale, change or withdrawal without notice. Neither Nomis Realty Inc. nor Simon Realty International, LTD., nor any of their agents, make any express or implied warranties with regard to any information provided on this website. All properties displayed on this website are not listed or marketed in any jurisdictions in which Nomis Realty Inc. and Simon Realty International Ltd. are not licensed/registered if such licensing/registration is required to engage in real estate activities.