New York Bankruptcy Attorney, Jeffrey B. Peltz, Helps Consumers Take Charge of Their Mortgages

Top Quote In the past it can be argued that banks have been one of the trusted institutions when it comes to handling one's money and properties. They have been the go-to place when someone wants to save, loan for a house or to start a business and even on how to wisely invest their hard-earned money. End Quote
  • New York, NY (1888PressRelease) July 08, 2012 - New York Bankruptcy attorney Jeffrey B. Peltz explains, "Although it is not known how much money banks have allegedly stolen from borrowers by overcharging, it appears that the amount may be in the hundreds of millions of dollars. The New York Post has found that there could be over $150,000,000 in overcharges just from cases it reviewed from 2011."

    The need to be extra vigilant is something that every person filing for bankruptcy should acquire. According to Atty. Peltz, several bankruptcy lawyers discovered that there are banks that are overcharging expenses in maintaining someone's escrow fund. While the issue is already being investigated by federal authorities, he recommends anyone who filed a bankruptcy application to take a second look at the charge being credit by one's mortgage lender.

    He adds, "Sometimes the lender collects twice for taxes and insurance and only pays those expenses once, pocketing the difference. So far this problem has been found with loans from Wells Fargo and GMAC Mortgage, but it appears to be a wide spread problem."

    Individuals or families who feel that their mortgages are being overcharged are advised by Atty. Peltz to immediately seek help. Attorney gives additional free advice at

    About Jeffrey B. Peltz

    Atty. Peltz has helped over 20,000 clients since he started his practice in Brooklyn, New York in 1986. His staff can be seen at . Aside from providing bankruptcy filing help, he also specializes in different fields of the law including family law, immigration and real estate. Atty. Peltz maintains two offices in New York City - one at 26 Court Street, Ste 2707 Brooklyn and another at 380 Lexington Avenue, 17th Floor. gives some video answers to your questions.

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