Long Island, NY Foreclosure Lawyer Arnold M. Bottalico
Contact us at 516-543-1329
  • Home
  • Bio
  • Practice Areas
    • Long Island, NY Foreclosure Defense
    • Real Estate
    • Estate Planning
    • Personal Injury
  • Services
  • Blog
  • Contact Us

Mortgage Foreclosure Scams

6/15/2015

0 Comments

 
Recently, one of my clients advised that she was contacted by someone claiming to be a bank servicing representative with the mortgage company servicing her loan and further claimed that the bank was offering a modification and requested that my client immediately tender the new mortgage payment. My client was excited to hear this especially since the "new mortgage payment" was less than what she was previously paying. Unfortunately for my client, her excitement got the best of her and after she sent in the check which was quickly cashed, she realized that she had been taken advantaged of since the "servicing representative" had disappeared as quickly as she cashed my client's check.  There are other types of scams to be on the outlook for, such as, an offer made by an alleged bank representative who states that the bank is going to "write off" the loan if you send in one lump sum payment. It is very tempting to think that the bank will write off the loan for pennies on the dollar, and in rare situations banks have been known to do this, but it is unlikely and before you rush to send out a check to make your mortgage obligation go away, think again and make sure you investigate to see if it's the real deal. Don't be fooled by any scam. This is another reason to entrust your foreclosure matter in the hands of an experienced foreclosure attorney who can minimize this kind of risk while at the same time fighting the foreclosure action. 
0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Author

    Arnold M. Bottalico is an experienced Long Island, NY foreclosure attorney with over 25 years of experience, and he welcomes your questions and comments.

    Archives

    March 2020
    January 2020
    October 2019
    September 2019
    August 2019
    May 2019
    September 2018
    February 2018
    January 2018
    December 2017
    August 2017
    July 2017
    April 2017
    February 2017
    January 2017
    October 2016
    September 2016
    August 2016
    June 2016
    March 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    December 2014
    July 2014
    June 2014
    May 2014
    April 2014

    Categories

    All

    RSS Feed

Attorney Advertisement