New York, NY, December 20, 2012 --(PR.com
)-- The devastation left in the wake of Hurricane Sandy is predicted to have detrimental effects on the real estate recovery across Atlantic seaboard. Recently, Bloomberg.com published an article stating, “The magnitude of the damage is not known yet, but none of this can be good for the prospect of getting the foreclosure crisis behind us.” In response to the inevitable need for assistance with the foreclosure process, Hilton Wiener opened an office in New York City specializing in deficiency judgments and strategic defaults.
With over 25 years of experience, Hilton Wiener has seen the fallout first-hand. “Natural Disasters such as Hurricane Sandy have a ripple effect on the home market for many years after the event,” says Wiener. “One only has to reference the increase in mortgage delinquencies post Hurricane Katrina to understand what residents are facing. Combine the current economy and home lending challenges common throughout 2012 and you can project a grim future for many homeowners as a result of Hurricane Sandy,” continues Wiener. To facilitate the coming demand, Hilton Wiener has opened his office at 100 Park Avenue, 20th Floor, New York City.
About Return the Deed / Hilton Weiner
Wiener’s niche in the field of foreclosure defense has been in representing owners of properties that are considerably underwater (please pardon the pun), ie, the mortgage balance is in excess of the value of the property, resulting in a negative equity or what is known as a deficiency. In such cases, the damage caused by Hurricane Sandy only makes an already bad financial situation that much worse. Wiener’s goal is to resolve the matter with no deficiency judgment or personal liability to the owner. An owner may make a huge mistake by simply walking away from his property because he deems it valueless. The lender may obtain a deficiency judgment and pursue one’s personal assets, in addition to garnishing his wages for up to twenty years.