Ivan E. Young’s Answers

Ivan E. Young

Bohemia Foreclosure Attorney.

Contributor Level 11
  1. I am three months behind in mortgage, but can pay one of those three payments. Will Wells Fargo help me?

    Answered over 1 year ago.

    1. Ivan E. Young
    2. Jeffrey Bruce Gold
    3. Diane L Drain
    4. John P Fazzio III
    4 lawyer answers

    Unfortunately, there are many more factors that come into play with respect to your question if in fact Wells Fargo would be willing to "help you" (i.e. modify your mortgage). To address one aspect of your question, yes, your wife's income can be used by Wells Fargo in consideration of offering you a loan workout (i.e., loan modification, forbearance agreement, repayment plan, etc...). You should really contact an New York law firm whom specializes in loss mitigation and foreclosure to at...

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  2. Foreclosure question.I think I hit a nerve & pissed them off with my answer

    Answered 9 months ago.

    1. Ivan E. Young
    2. Krishnan S. Chittur
    3. Susan Jo Civic
    4. Robert E. Harris Jr.
    4 lawyer answers

    First, let me say that I applaud your knowledge and research. You seem to have a pretty good grasp of some very important legal concepts involved in a contested foreclosure proceeding. Having said that, in answering questions on Avvo, I normally start out with this general disclaimer: A foreclosure usually involves the most valuable asset a person will ever have in there lifetime (i.e. real property) and I strongly discourage anyone from proceeding pro se in such an important matter....

    9 lawyers agreed with this answer

  3. Question about Line of Credit that was forgiven by Chase and the Mortgage Forgiveness Act

    Answered over 1 year ago.

    1. Ivan E. Young
    2. Mitchell Aaron Nathanson
    3. Jayson Lutzky
    3 lawyer answers

    I would definitely contact an attorney with respect to this issue as soon as possible. The 3rd party collection agent may be in serious violation of the Fair Debt Collection Practices Act ("FDCPA") and you may be entitled to damages relating to the collection agents unlawful attempt to collect on a debt that is seemingly no longer existent. It is very important to remember that you have 30 days to send the collection agent a Validation of Debt Demand to being to establish a FDCPA action.

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  4. What important requests are needed for the borrower on the settlement agreement when doing a "deed in lieu of foreclosure?"

    Answered 12 days ago.

    1. Ivan E. Young
    2. Daniel H. Richland
    3. Kim Christian DSouza
    4. Robert E. Brown
    4 lawyer answers

    You should definitely consult with a competent attorney whom practices in real estate and foreclosure defense areas of law. From a financial standpoint, a deed-in-lien of foreclosure ("DIL") is normally less advantageous than just about every other option. For example, hypothetically, even if your lender is willing to give you $10,000 (i.e., which is taxable income) in exchange of a DIL, if you leave the property and go rent a place somewhere else, let's just say for $1000/mo; the "benefit"...

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  5. Where I can get the "rules of the court" related to foreclosure cases in suffolk NY?

    Answered about 1 year ago.

    1. Ivan E. Young
    2. Eric Edward Rothstein
    3. Cheryl Rivera Smith
    4. Jayson Lutzky
    4 lawyer answers

    These should help: http://www.nycourts.gov/courts/10jd/suffolk/supreme.shtml http://www.nycourts.gov/courthelp/ http://www.nycourts.gov/rules/trialcourts/202.shtml Best of luck!

    7 lawyers agreed with this answer

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  6. Deed In Liu of Foreclosure

    Answered over 1 year ago.

    1. Ivan E. Young
    2. Jayson Lutzky
    2 lawyer answers

    Although I cannot speak for other attorneys on this website, there are firms, including my own, whom perform this service for free as a courtesy. You should definitely have the full contract in hand and reviewed by yourself and an attorney before closing. You should also know that there may be other better options for you other than a deed-in-lieu. I would definitely consult with a law firm before doing anything.

    7 lawyers agreed with this answer

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  7. Is there any attorney in the c oityf lockport ny who know how to file a REQUEST FOR JUDICIAL INTERVENTION ?

    Answered over 1 year ago.

    1. Louis Lawrence Sternberg
    2. Eric Edward Rothstein
    3. Ivan E. Young
    4. Dominic H. Saraceno
    4 lawyer answers

    I am having a tough time deciphering exactly where your immediate concern lies but I will take a crack at it anyway. It seems as if you have a home that which you and your disabled husband reside in that is at risk of foreclosure due to delinquent property taxes. If that is correct, then I am not quite sure where a Request for Judicial Intervention (RJI) fits in. What it seems like you may need to do is start asking friends, family, relatives for a loan; possibly in exchange to put a...

    7 lawyers agreed with this answer

  8. Interested foreclosed property,it went to auction withno bidders and ended upsold to one with bank connection, suspect collusion

    Answered over 1 year ago.

    1. Ivan E. Young
    2. Rory M. Alarcon
    2 lawyer answers

    I am not quite sure what exactly your question is, but being that you state several issues; the following is my interpretation: (1) From a legal standpoint, unless you actually submitted a formal bid at the foreclosure auction, you would not have the legal standing to commence a viable action against any of the parties since you cannot prove that you had any vested interest in auction, nor can you prove any harm done to you as a result of the auction. (2) If you want to go to the media...

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  9. Fraudulent foreclosure NYC by international bank with violations of US laws-& list long enough to fill LAW SCHOLL TEXT BOOKS

    Answered over 1 year ago.

    1. Mark Michael Campanella
    2. Michael T Millar
    3. Ivan E. Young
    3 lawyer answers

    At first glance, I would first like to express my sadness that you may feel as if you are on the cusp of fighting an impossible uphill battle. Now, as to address what seems to be the heart of your contentions; depending on your situation of course, there may be PLENTY of avenues for you to successfully defend yourself against an "almighty" international bank. In order to overcome the hurdle of opposing an international bank, your first step may be your most important one; HIRING COMPETENT...

    7 lawyers agreed with this answer

  10. Can a mortgage RJI still proceed when I got a trial period for a modification?

    Answered over 1 year ago.

    1. Ivan E. Young
    2. Krishnan S. Chittur
    3. Mitchell Aaron Nathanson
    4. John P Fazzio III
    4 lawyer answers

    As long as what you have stated is accurate, It does not seem that you should be too concerned about the RJI. The RJI will only trigger a foreclosure settlement conference whereas if you had not already received your final modification, you could attend, most suitably with counsel, to advise the Court that you have either received a final modification or your bank is in the process of sending you the final modified terms in which the Court will most likely just adjourn the first conference...

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