Another win for a local Staten Islander!
Recently the Law Offices of Robert Brown, P.C. Staten Island's foremost authority on foreclosures secured a loan modification as settlement for a client in foreclosure. In addition, the bank also agreed to stop the foreclosure action and reduce the principal balance by $57,000.
If you're having difficulty paying your mortgage or you're in foreclosure and your lender is not interested in helping you give us a call. We'll provide you with a free phone consultation to see if we can help. Here are the details on our agreement with the bank (obviously our client is very happy):
Original loan information
Principal and interest payment $1,313.82
Interest rate 7.75%
New loan modification
Principal and interest payment $509.99
Interest rate 2.0%
Principal reduced by $57,000
**The above settlement is not a guarantee of future results. Because every case is different, you may or may experience the same results.