Wrongful handling of the mortgage occurs when lenders fail to comply with laws and regulations governing mortgage modifications, often after a strenuous foreclosure action on the property. At Petroff Amshen LLP, our Mortgage Litigation attorneys designed tailored strategies to protect homeowners from unfair or illegal practices by mortgage servicers or lenders during or after a mortgage modification process.
Some lenders provide misleading or inaccurate information about modification options, leading homeowners to agree to unfavorable terms. This can include hidden fees, balloon payments, or changes that increase the overall cost of the loan. Our mortgage modification legal team works to identify any deception or unfair terms, ensuring that our clients receive modifications that are in their best interest.
We implement Article 15 as a powerful legal tool to protect homeowners after a foreclosure procedure. When a foreclosure action fails to resolve the real ownership of the property and the Statute of Limitations for the bank to claim it has run out—we file an Article 15 action to have the court determine whether the bank still has a valid claim against the property.
This process helps eliminate questionable claims, remove invalid mortgages from the record, and restore legal clarity to the title.