Fleysher Law Blog

Many clients come into my office seeking assistance with modifying their investment property mortgages. The first question I usually get is “will the bank reduce my principal down to what the property is worth?”The answer is that offering meaningful principal forgiveness is very rare in conventional “HAMP” or “Proprietary” modifications. Unfortunately, this results in investment properties becoming unaffordable and impossible to maintain. However, these clients often get speechless. This happens