Real estate blog entries tagged with settlement conferences by J. Philip Faranda (J. Philip R.E. LLC) Westchester County NY

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Home : Blogs : J Philip Faranda, Broker-Owner : J. Philip's Westchester Real Estate Blog (914) 723-8900 : Tag "settlement conferences"

settlement conferences: Yuck it Up, Foreclosure Lawyers. Yuck it Up. - 01/30/12 11:28 PM

New York State has something known as settlement conferences for homeowners facing foreclosure. It is a good law. Distressed borrowers can go to the courthouse and meet with lawyers of their lender face to face in front of a judge or court appointed referee. The referee is there to make sure that the bank is treating the borrower fairly, and if the borrower is trying to modify their loan, they are given every chance to do so with the conference process in place to ensure fair treatment.
I have accompanied quite a few clients to these hearings. I have seen referees … (51 comments)

settlement conferences: About Foreclosure Settlement Conferences - 05/09/11 10:34 PM

New York Foreclosure Settlement Conferences
I attended a foreclosure settlement conference today with a client whose house is listed with my company as a short sale. There was some understandable anxiety about the event, so I went to be a supportive advocate. As daunting as the name may sound, they are in place to ensure that the borrowers have their rights respected in their dealings with the lender. It is a good thing, and nothing to be afraid of.
The set up is simple: the borrower and an attorney from the bank will meet before a court appointed referee to come … (4 comments)

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J Philip Faranda, Broker-Owner

Briarcliff Manor, NY

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J. Philip Faranda (J. Philip R.E. LLC) Westchester County NY

Address: 522 North State Road , Suite 100, Briarcliff Manor, NY, 10510

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Phil Faranda is broker and owner of J. Philip Real Estate LLC in Briarcliff Manor, NY. Since founding the firm as a sole practitioner in late 2005, the team has grown to over 20 agents and closed 300 transactions valued at $125 million. He is in his 3rd term as Vice President of the HGMLS. This blog commentary is geared toward consumers and industry colleagues alike. You can reach him at (914) 723-8900.
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