Firm Overview and Practice Areas
The attorneys at the Petroff Amshen LLP help individuals and families throughout the State of New York who have been denied mortgage modification, served with an action for foreclosure, have been victimized by unscrupulous collection agencies, or need to seek protection of the bankruptcy code. Our practice areas include:
For homeowners and commercial investors alike, real property transactions represent significant investments of time, money, and resources. When financial circumstances put that property at risk, protecting the home or other property from foreclosure becomes one of the most important legal concerns an owner can have. Our lawyers can help protect your real estate interest
Petroff Amshen LLP has the best foreclosure defense lawyers to fight against banks, investors, and servicing companies that will attempt to take your home. We fight foreclosure complaints in foreclosure actions in all of New York counties.
Here, at Petroff Amshen LLP, we begin to work on your case immediately. The Answer is prepared and all appropriate counterclaims are presented to protect your interests and get out of foreclosure. We stop foreclosure and ask the Court for a Settlement Conference where lawyers from Petroff Amshen LLP will present your foreclosure defense.
We know how to prepare your case for Settlement Conference in Residential Mortgage Foreclosure Actions, including presentation of your personal financial circumstances to the lender, servicer, or investor, submission of all required documents, and undertaking of successful negotiations to save your home.
Loan modifications and workouts are often the best measure in foreclosure prevention. If you have a variable interest rate loan that is about to reset, or if your debt-to- income ratio has grown out of balance, a mortgage modification may be in the best interest of all parties involved.
We can work directly with the lender to adjust your loan to a manageable amount that will allow you to remain in your home in good standing.
Whether you are a homeowner between jobs or a commercial landlord with tenants in arrears, sometimes temporary relief is needed from the always-looming note payments.
If you have been laid off, our negotiators will work with your lender to negotiate a delay in payment with favorable terms to keep you in your home while you get back on your feet.
“In-house” modification agreements must be reviewed to assure proper conversion into permanent loan modifications.
In this age of rising home prices and falling home values, many distressed homeowners find themselves underwater or upside-down on their mortgage, owing more than the property is worth.
In some cases, the best option may be to leave the property and look for a better deal.
In these circumstances, we negotiate with the bank or mortgage holder to accept a short sale in lieu of foreclosure, thereby protecting the borrower’s credit rating for future real estate transactions.
Provides protection from lenders, servicing companies, and banks where the deed to the house is transferred to the lender in exchange for an agreement with lender to not pursue deficiency judgment against the homeowner.
Evaluate options that clients face, conduct means test, determine the best course of action in bankruptcy
Use of bankruptcy as tool to resolve past due mortgage payments, unsecured 2nd mortgages, and Home Equity Lines of Credit (HELOC) through “cram-down”.
“The Best Defense is a Good Offense” Consumer Defense Attorneys at Petroff Amshen LLP will develop strategy that prevents credit card companies and debt collectors from proceeding with their litigation
Stop wage garnishments
Restores bank accounts
