Attorneys-at-Law
301 Old Tarrytown Road
White Plains, NY 10603
ph: 914-686-0558
fax: 914-686-2516
alt: 845-225-6600
astreisf
Homeowners, especially in the current economic climate, often find themselves either falling behind on mortgage payments and/or find themselves owing more on their outstanding mortgage debt than they find they can sell their homes for. Commonly, the homeowner(s) feel that there is no way out because they will not be able to sell the home to payoff their mortgage loans, real estate broker, transfer tax, attorney's fees and, perhaps, other obligations that affect their home. Understanding the concept of "Short Sales" helps us to understand that there can likely be a possible sale of the home where the creditors may accept less than full payment of their obligations and allow the homeowner to sell to Purchasers.
ARNOLD R. STREISFELD, ESQ. has a substantial background in negotiating with outstanding banks, creditors and other creditors that may have debt secured against a party's home which is greater in dollars than the actual value of the home. In a number of cases, our firm been successful in having the mortgage lender and other creditors release the residence from the obligation of the debt so it could be sold. There has also been a high rate of success in getting the creditors to accept less than full payment IN FULL SATISFACTION OF THE DEBT OWED! Homeowners should note that being released from the balance of the mortgage debt might create an income tax liability because the IRS sometimes looks at "being relieved of mortgage debt" as income to the homeowner. Consult with your own qualified tax advisor as this firm, as attorneys, should not be relied upon for personal or business tax advice or guidance.
DON'T RISK LOSING YOUR HOME IN A FORECLOSURE AND HAVING A BANK CHASE YOU FOR THE BALANCE OWED ON THE MORTGAGE THAT WASN'T RECOVERED IN THE AUCTION SALE OF YOUR HOME! THIS IS A REAL POSSIBILITY!
CONTACT
ARNOLD R. STREISFELD, P.C.
FOR A CONSULTATION TO SEE IF YOU ARE A CANDIDATE FOR SUCH A SETTLEMENT WITH YOUR SECURED CREDITORS!
Copyright 2016 Arnold R. Streisfeld, P.C.. All rights reserved.
301 Old Tarrytown Road
White Plains, NY 10603
ph: 914-686-0558
fax: 914-686-2516
alt: 845-225-6600
astreisf