Peter Spino

Peter Spino, Jr., Esq., is an attorney that has a general law practice but specializes in residential and commercial real estate. His business and real estate experience make him uniquely qualified to represent you in any legal matter you may be faced with. Over the past five years Peter Spino, Jr., Esq., has assisted over a thousand homeowners with loan modifications, foreclosure defense, short sales, deeds in lieu, settlement of second mortgages and bankruptcy.

Home Affordable Modification Program (HAMP) Ending Soon!

The End of HAMP What does the end of the Home Affordable Modification Program (HAMP) mean for Loan Modifications? The future of loan modifications.   The Home affordable Modification Program was set to end in 2015 but was extended through the end of 2016. So what does this mean for borrowers and homeowners who still …

Home Affordable Modification Program (HAMP) Ending Soon! Read More »

Foreclosed Homes in Minority Neighborhoods More Prone to House Decay

Fair-housing Advocates Find a Racial Divide In Home Maintenance Provided By Fannie ae A recent federal district court lawsuit filed by nonprofit housing advocacy groups alleges that government-sponsored Fannie Mae (The Federal National Mortgage Association) allowed more houses in non-white neighborhoods to deteriorate. These groups, which were led by the National Fair Housing Alliance, studied …

Foreclosed Homes in Minority Neighborhoods More Prone to House Decay Read More »

Congress Will Not Renew Mortgage Debt Forgiveness Act Through 2017

114th Congress Adjourns Without Passing Tax-Extenders Some Background on the Mortgage Debt Relief Act   The 2007 Mortgage Forgiveness Debt Relief Act allowed taxpayers to not include, as income, the discharge or forgiveness of debt on their principal residence. The debt that was forgiven or discharged through foreclosure, mortgage modification, a short sale or a …

Congress Will Not Renew Mortgage Debt Forgiveness Act Through 2017 Read More »

foreclosure-statute-of-limitations-new-york

The Statute of Limitations & Residential Mortgage Foreclosures

Defeating A New York Foreclosure Case Past The Statute of Limitations. Recent Court Cases Show That You May Be Able To¬†Defeat a Foreclosure Case If Your Complaint Was Filed More Than Six Years After Your Loan Balance Was Accelerated. Since the financial crisis in 2008, reports of foreclosures on residential properties have become commonplace. This …

The Statute of Limitations & Residential Mortgage Foreclosures Read More »

westchester-foreclosures-homes1

2015 Update on Foreclosures in Westchester County New York

2015 Foreclosure Judgments Increase to Highest Since 2008 New foreclosure actions are still be filed at a significant rate in Westchester county   I just received a call from a reporter at the Westchester Business Journal this week asking about foreclosures and specifically the large surge in Foreclosure Judgments in Westchester this year. While the …

2015 Update on Foreclosures in Westchester County New York Read More »