(516) 319-6018



Mortgage Loan Modification | NY - FL

Request an Appointment


Handling Modification & Foreclosures in Nassau & Suffolk Counties

In the worst case scenario, the bank takes the title to your home and transfers it to the highest bidder to satisfy your debt.  The bank's goal is to get paid.  Make no mistake about it, that's what its goal is.  Sometimes, and especially in this economy, the bank is most likely to be the highest bidder.  That means that the bank is going to take the title to your home and sell it to get paid. 

The bank realizes that this is time consuming and costly.  Chances are they have sold your debt and have taken a loss.  Now, the new owner wants to get paid.  Their best bet is to try to work out an agreement with you to give you some breathing room-a chance to catch up.

mortgage modification in Nassau or Suffolk is a very good alternative that is designed to keep you in your home.  The modification is designed to assist homeowners who have experienced some temporary setback by implementing a lower mortgage payment. It is not designed to save everyone's home. You have to qualify based upon an application.  The application for a New York or Florida loan modification must be accompanied by two years of tax returns, two months of bank statements, pay stubs and an acceptable reason for the delinquency, an identifiable hardship and a complete income and expense sheet.  (Hypocritical, I know.  They didn't need any info to loan you the money and put you in this situation-now they want everything.  This type of analysis should have gone into the original loan, not now.)

Mortgage Modification

A hardship is a temporary reason why you were not able to afford your mortgage and a reason why the situation has resolved itself.  If the situation has resolved itself, whatever it was (unemployment, adjusted interest rate, sickness, medical bills, etc.), the amount that you have failed to pay, called the arrears, is negotiated with the bank.  In the past you had one option: pay the full amount or foreclose.  Now, with the government's help, modifications are available. 

In a mortgage modification in Florida or New York, the bank assesses the arrears and either lowers the interest rate for a set period and applies the arrears and other fees to the back end of the loan or they may even extend the number of years that you have to repay it (term).  For example, if you owe $10,000 in mortgage payments and your interest rate was 9 percent, the bank may lower your interest rate to 5 percent for five years and put the $10,000 into your loan.  You have to understand that the $10,000. did not go away; this arrangement is designed to give you a break on the arrears. 

If you cannot afford the modified payment, you should look into other alternatives.  There is no guarantee that the bank will accept your application and grant the loan modification. As always, you should have the experience of Johnny The Lawyer behind you to maximize your chances.   

If you are late now or are going to be late in your mortgage payments, call Johnny the Lawyer. In most cases, we can obtain additional time for you to make your payments, prevent foreclosure proceedings in Suffolk & Nassau, and possibly restructure the mortgage to be affordable. We also extensively review your finances to provide you with advice on possible bankruptcy and worst-case scenarios. You shouldn't have to worry about someone knocking on your door and throwing you out in the middle of the night. When you're having trouble affording your mortgage, let us get you the time you need.

Contact John Mangelli directly on his cell phone for advice on any legal matter!

Call (516) 319-6018 
Email - johnmangelli1@hotmail.com

Contact our law firm for mortgage modification today!


Foreclosure Defense

When you're facing a foreclosure proceeding, rely on John for assistance stopping all proceedings. We appear on your behalf to defend the foreclosure and obtain more time in which you can make an educated decision about how to move forward. When you're in this situation, you need to know exactly what your rights and remedies are, and we tell you. We zealously defend you, so you are completely advised of every single legal issue involved.

There are options available to you. Know what they are before you decide what to do. Get all the facts from a knowledegable trustworthy attorney who offers a price and service guarantee.

New York Service Areas:  
Queens, Brooklyn, & Long Island

Florida Sevice Areas:
By appointment only

Affiliated Attorneys:
Michigan & Throughout the Country

General Litigation

24-Hour Direct Access

Hours of Operation:
Monday-Sunday, 9 a.m.-10 p.m.
Available 24/7 by Cell Phone


Debt Free

For More Contact Information 
Click Here



There are several benefits to filing bankruptcy verses trying to consolidate the debt through a company.  First is, if you qualify you will be debt free....

>> Read More

Appointments Available

• Atlantic Beach
• Baldwin
• Baldwin Harbor
• Barnum Island
• Bay Park
• Bellerose
• Bellerose Terrace
• Bellmore
• Cedarhurst
• East Atlantic Beach
• East Garden City
• East Meadow
• East Rockaway
• Elmont
• Floral Park
• Franklin Square
• Freeport
• Garden City
• Garden City South
• Harbor Isle
• Hempstead
• Hewlett
• Hewlett Bay Park
• Hewlett Harbor
• Hewlett Neck
• Inwood
• Island Park
• Jones Beach
• Lakeview
• Lawrence
• Levittown
• Lido Beach
• Long Beach
• Lynbrook
• Malverne

• Malverne Park Oaks
• Seaford
• South Floral Park
• South Hempstead
• South Valley Stream
• Stewart Manor
• Uniondale

• Valley Stream
• Wantagh
• West Hempstead
• Woodmere
• Woodsburgh
• North Hempstead
• Albertson
• Baxter Estates
• Carle Place
• East Hills
• East Williston
• Flower Hill
• Garden City Park
• Great Neck
• Great Neck Estates
• Great Neck Gardens
• Great Neck Plaza
• Merrick
• North Bellmore
• North Lynbrook
• North Merrick
• North Valley Stream
• North Wantagh
• Oceanside
• Point Lookout
• Rockville Centre
• Roosevelt
• Salisbury

• Greenvale
• Harbor Hills
• Herricks
• Kensington
• Kings Point
• Lake Success
• Manhasset
• Manhasset Hills
• Manorhaven
• Mineola
• Munsey Park
• New Cassel
• New Hyde Park
• North Hills
• North New Hyde Park
• Old Westbury
• Plandome
• Plandome Heights
• Plandome Manor
• Port Washington
• Port Washington North
• Roslyn
• Roslyn Estates
• Roslyn Harbor
• Roslyn Heights
• Russell Gardens
• Saddle Rock
• Saddle Rock Estates
• Sands Point
• Searingtown
• Thomaston
• University Gardens
• Westbury

• Williston Park
• Oyster Bay Town

• Bayville
• Bethpage
• Brookville
• Centre Island
• Cove Neck
• East Norwich
• Glen Cove
• Glen Head
• Glenwood Landing
• Hicksville
• Jericho
• Lattingtown
• Laurel Hollow
• Locust Valley
• Matinecock
• Mill Neck
• Muttontown
• Old Bethpage
• Old Brookville
• Oyster Bay
• Oyster Bay Cove
• Plainview
• Sea Cliff
• Syosset
• Upper Brookville
• Woodbury
• South Oyster Bay
• East Massapequa
• Farmingdale
• Guggenheim Pond
• Massapequa
• Massapequa Park
• North Massapequa
• Plainedge
• South Farmingdale

Click Here To View Maps To Our Office Locations