Archive for September, 2008

September 29, 2008 A 700 Billion Dollar Bailout and what it means to Real Estate Purchasers in New York

By: Daniel Gershburg, Esq.
So you’re looking to buy your first property in New York during the most uncertain financial period since the Great Depression…what can you expect?
Despite what your recent watercooler conversation would have you believe, banks are still giving out mortgages…for now. The difference is that it will likely become tremendously more [...]

September 25, 2008 An Example of New York Debt Settlement Company charging absurd fees

By: Daniel Gershburg, Esq.
This past weekend I was interviewed by News 12 New York about a Brooklyn debt settlement company who was charging some strange fees to its clients.  What were the fees?  Well lets say someone comes in with about $30,000 in credit card debt.  And lets say this person makes $40,000 a year. [...]

September 16, 2008 New York City Credit Counseling Rip Offs

So you know how I’ve been raving and ranting about Debt Settlement companies and how, in my humble opinion, they did absolutely nothing for you. Well, here come their cousins, the Credit Counseling services. Here’s what a working individual in Brooklyn, a disabled individual in the Bronx, or a mother working full time in [...]