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Foreclosures and Loan Modifications
Obtaining a loan modification is one of the potential routes to save a home from the foreclosure process. There was a time in New York, and in...
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Foreclosures and Settlement Conference Requirements in New York
The State of New York has a law which states in all foreclosure cases regarding residential homes that have less than 5 families in them and...
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Dealing with a Foreclosure
Life is not static. A families financial situations can change related to loss of employment, downsizing employment, financial tragedies, health...
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Foreclosure, What Does It Mean? – Part 2
The Homeowner’s Response Upon being served with the summons and complaint, regarding notice of the foreclosure lawsuit , in the event...
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Foreclosure, What Does It Mean? – Part 1
Foreclosure is the initiation of a lawsuit for the rights to ownership of the property. It seeks to remove from the owners from living in the...
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Reverse Mortgages For Co-ops
On May 20, 2022 a new law went into effect in New York State which allows owners of co-ops to apply for reverse mortgages . Up until the time...
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The “Foreclosure Abuse Prevention Act” Levels Playing Field For Homeowners
On February 20, 2023 the new Foreclosure Abuse Prevention Act was signed by New York Governor Kathy Hochul. Here are some significant aspects of...
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SHOULD YOU HIRE A FORECLOSURE DEFENSE LAWYER?
If you’re successful in modifying your mortgage on your own, you may not need a foreclosure defense lawyer . But if you’re...
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LEGAL PROCESS IN STATE AND FEDERAL COURTS INVOLVING FORECLOSURE
Legal action can be taken by homeowners in either state courts or federal courts to save their homes. Unfortunately, these procedures are...
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CAN I FIGHT A FORECLOSURE?
Mortgage loans generally are made for a period of 15 or 30 years. When homeowners take out the loan, they usually have good jobs, are healthy and...
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A Primer On The Foreclosure Process
PRE-FORECLOSURE When a home owner falls three months behind on their mortgage payments the property is considered to be in a pre-foreclosure...
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LAWYERS AND FORECLOSURE DEFENSE
Before you represent yourself or hire an attorney, carefully look into who are the best foreclosure defense lawyers. Attorneys are expensive. To...
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Missing Mortgage Payments
Homeowners who miss making mortgage payments may be facing the risk of being placed into foreclosure. A foreclosure , is a legal proceeding...
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REVERSE MORTGAGES: ARE THEY A GOOD IDEA?
Many Americans, as they reach their retirement years, find they have not saved enough money to pay all of their bills. One of the ways seniors...
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HIRING A FORECLOSURE DEFENSE ATTORNEY
A family’s home is usually their single largest asset. Homeowners whose homes are taken back by the financial institution usually have...
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NEW YORK STATE LEGISLATURE MAKES IT MORE DIFFICULT FOR BANKS TO SUCCESSFULLY FORECLOSE.
Mortgage foreclosure lawsuits in the state of New York have been made more difficult, by actions of the state legislature. In addition to...