Mortgages and Foreclosures

Pittsfield, Massachusetts Mortgage/Foreclosure Attorney

The subprime mortgage debacle can be traced in part to lending and investment practices that facilitated the transfer of bad loans to investors and pension funds. Mortgage brokers and banks engaged in questionable underwriting practices that resulted in people qualifying for loans they could not afford. Banks sold these loans, which were bundled, and then sold to investors. Although lawmakers and prosecutors have yet to address many of the financial abuses that helped create the subprime fiasco, homeowners victimized by questionable underwriting practices can seek redress through the courts.

Offering clients over 30 years of experience, Richard Isacoff represents homeowners who are facing foreclosure due to subprime mortgage rates and loans negligently underwritten by mortgage brokers or banks. Mr. Isacoff has the underwriting experience and knowledge needed to expose negligence and malfeasance on the part of banks needed to leverage a loan modification for his clients.

To schedule a consultation and protect your home and credit history, contact mortgage and foreclosure attorney Richard Isacoff today.

Predatory Lending, Subprime Mortgages, and Foreclosures

The law office of Richard Isacoff represents clients in regard to the following issues related to foreclosures and mortgages:

• Predatory loans and mortgages
• Variable rate mortgage
• Interest only mortgage
• Teaser rates
• Simple interest mortgages
• Fraudulent underwriting practices
• Misreporting financial information by a bank to qualify homeowner for a loan
• Relief from bankruptcy stay
• Refinancing: bait and switch practices
• Loan modifications

Knowing What to Look for - What the Banks try to Hide

As a bankruptcy lawyer with experience working for the State of Maryland and the Federal Savings and Loan Insurance Corporation, Mr. Isacoff has an in-depth understanding of the codes and underwriting principles used in processing a mortgage application and administering it. As a result, Mr. Isacoff understands how to conduct a forensic accounting investigation into a loan application and its history with a bank.

His experience working for the State of Maryland and the Federal Savings and Loan Insurance Corporation after the S & L crisis in the 1980s provided him with a great deal of knowledge and insight into how banks operate, the tactics they use to hide financial information, and what to look for when exposing questionable underwriting activity.

Saving Your Home - How Richard I. Isacoff can Help You

It's not uncommon for banks and mortgage brokers to offer borrowers one set of terms when making a sales pitch, only to change the terms in the final loan or refinancing contract. A lender may not alert you to the change or may have an attorney that works for the mortgage company reassure you there is nothing to worry about.

As your attorney, Mr. Isacoff exposes "bait and switch" tactics that are grounds for modifying and renegotiating your mortgage or refinancing arrangement. Don't be intimidated or think the only option available is losing your home - contact mortgage and foreclosure lawyer Richard I. Isacoff today.