• Bankruptcy Solutions
• Foreclosure Solutions
• Modification & Negotiation
• Credit Card Debt Relief

The Law Office of Ronald D. Weiss, P.C. is frequently retained by its clients to engage in negotiations with banks, mortgage holders, credit cards, car financing companies, landlords and other creditors. Mortgage Modifications are particularly a concentration of our office because of the many individuals undergoing hardships with their mortgages. The availability of HAMP and other programs to help us obtain relief for our clients, give us the necessary tools to pursue a mortgage modification. Because of the firm’s long experience with creditor negotiations, and because of the firm’s specific expertise with matters that pertain to debtor-creditor relations, the client’s ability to succeed in negotiating with their creditors is enhanced through our representation. Our firm will advise its clients as to what matters can be negotiated and to what extent their creditors may accept certain offers. Our firm will write and call the creditors, persist in trying to get a resolution to the advantage of the client, and keep the client informed as to the progress with these matters. Upon a resolution, our firm will enter into a written stipulation of settlement with the creditor and require that other documents be prepared that show that the matter has settled.  We are frequently negotiating the following debts for our clients:

a) Mortgage Modifications – are intended to prevent foreclosures by reducing our client’s monthly mortgage obligations and to help our clients with their mortgage arrears. More information is available about Mortgage Modifications below.

b) Credit Card Negotiations – are intended to reduce the overall obligations for credit cards or other unsecured loan by offering a lump sum or a payment plan at a reduced amount to resolve such obligations.

c) Tax Debt Negotiations – are intended to reduce or extend the obligations to pay federal, state or local taxes through negotiations which either offer a lump sum or a payment plan.

d) Other Negotiated Solutions to Mortgage Difficulties – Other potential solutions to mortgage difficulties are (i) short sales, where the lender allows a house to be sold for less than the full mortgage payoff, (ii) voluntary sales, where the homeowner succeeds in having another person, who is often friendly with the homeowner, buy the house, (iii) refinancing, where a homeowner with significant equity in their house and improved income, can potentially refinance, and (iv) deed-in lieu agreements,  to allow a homeowner to give the lender their deed in return for forgiveness of the mortgage debt and the avoidance of a deficiency judgement.

Our Method in Seeking a Mortgage Modification

Many homeowners in Suffolk and Nassau Counties, Long Island experiencing financial difficulty with their mortgage payments are obtaining representation in seeking a mortgage modification and are retaining mortgage modification attorneys such as the Law Office of Ronald D. Weiss, P.C. to handle what has become a complex and often difficult negotiation process. Because we are always considering more than one foreclosure solution, we are not solely dependent on mortgage modifications and use a broader approach to mortgage and foreclosure solutions to help our clients. Although this process is usually time consuming and often has many challenges, the goal of a lower mortgage payment and better mortgage terms is very worthwhile. Therefore, the client should maximize their negotiating advantages by having our office represent them for the following reasons:

• We are Foreclosure Solution Attorneys. We can leverage our ability and experience to otherwise defend and protect you in a foreclosure to obtain an agreement. We have more influence with your lender and their attorneys and know how to approach them and how to structure an agreement.
• We are Affordable. Compare us to others. Although our credentials far exceed those of our competition in this area, we charge less.
• Persistence. If we cannot obtain an agreement acceptable to you, such agreement was probably not going to be forthcoming from your mortgage holder.
• Local and Responsive. Unlike the national services that are soliciting this work on a massive scale and are impersonally dealing with files that require individualized care, we are local and can respond to your specific needs.
• Honesty. We are very skilled at what we do but do not pretend that we will always succeed. If we do not reach an acceptable agreement we will be able to represent you and advise you as to other foreclosure solutions.

If you are overwhelmed with high mortgage payments, the Law Firm of Ronald D. Weiss, P.C. can represent you in seeking a mortgage modification.
For more specific information about Mortgage Modifications, click here.
Please call us at (631) 271-3737, or e-mail us at weiss@ny-bankruptcy.com for a free consultation to further inquire about our representing you in negotiating for a loan modification.