Lanin Law Firm

Introduction

Scott Lanin has a business background that he finds useful in his legal practice. He entered NYU's Stern School of Business in 1982 at the young age of 16 and graduated with honors at the top of his class with a dual major in Finance and Management.  He attended St. John's University School of Law from 1986 through 1989 where he earned Law Review honors and graduated at the top of his class.  Scott began his legal practice in 1989 in the Park Avenue office of the corporate department of Whitman & Ransom, a prestigious international law firm (now known as Whitman Breed Abbot & Morgan). Scott was formerly an associate attorney handling commercial litigation, creditor rights, and mortgage foreclosures with Farrell Fritz, a premier Long Island law firm.

Discussion

The firm is accepting clients who are looking for loan modification assistance under the new Federal guidlines which I have posted below.

Homeowners may be tempted to try this on their own but it is not a simple process and it appears to be a voluntary program for the banks. It makes good sense to have an experienced attorney to guide you through the maze and to review the pros and cons of other alternatives such as litigating (defending the foreclosure), counterclaiming against the lender, short sale, Chapter 13 bankruptcy, etc. I am sure many homeowners will be tempted to try to negotiate with their lender on their own. Some may succeed. However, if the prior government programs from last year are any indication, many homeowners may find the process very difficult or impossible. Time will tell. The program only permits a homeowner to do this once. If your home loan is in default and your home is at risk of foreclosure, you will only have one chance to ...