Long Island, Nassau & Suffolk County Foreclosure Solutions


Foreclosure Solutions are varied and depend on many factors; they include negotiations (mortgage modifications, forebareance agreements and short sales), bankruptcy (chapters 13, 7 or 11) and litigation (answering the Summons & Complaint and Emergency Orders to Show Cause). We respresent clients in every type of foreclosure solution.


As you must be aware there is presently a foreclosure crisis in the United States due to many factors: sub-prime loans, overly aggressive lending and borrowing, a rapidly rising and rapidly falling real estate market and many other global forces that are decreasing our ability to earn the same real incomes as in the past. In this turmoil many homeowners to their dismay have found themselves in arrears on their mortgages and in foreclosure or threatened by foreclosure. To the extent you may be undergoing such difficulty, the chart below and accompanying term dictionary, can give you some initial guidance as to available foreclosure solutions. Together with a call or consultation with our office, such information can help you decide how to deal with foreclosure related problems. Also the rest of our site contains valuable articles and videos and other resources to

Please call/email us because the consultation is free and there is no substitute for good legal advice when you have a potential legal problem.

For more detailed information as to specific foreclosure solutions please click on to the foreclosure solutions suggested in the outline which will link you to a section that will give you more detailed information. To the extent that you need a short definition for the terms used in the outline click below for a dictionary of bankruptcy and foreclosure terms.



  
Click here for a dictionary of Bankruptcy & Foreclosure terms!
Click here for a dictionary
of Bankruptcy & Foreclosure terms!		 Are you experiencing financial difficulty as to your mortgage?

You do not have to be in arrears at present to
be having difficulty with your mortgage;
if the payment is so high that it will cause you
to fall behind in the near future,
it is also a reason to seek advice

  
  At what stage is your situation?   Are you experiencing
other financial difficulty?		  
  Foreclosure Sale
is Scheduled.

If you have a foreclosure sale scheduled, you have an EMERGENCY; please call us IMMEDIATELY



   Foreclosure Litigation started but No Sale Date

Once the Foreclosure Litigation begins, there are legal deadlines, documents and alternatives that should be reviewed with an attorney

   Arrears just started

If your arrears just started, you should do
whatever you can to avoid a foreclosure action
from starting; if you can present the bank with a
reasonable offer we can help you to avoid foreclosure

   Chapter 7, Creditor
Negotiations, Litigations, see our other site
ny-bankruptcy.com 		  if you are not
experiencing any financial difficulty than this
analysis is unnecessary
for you.		  
  What is your main goal as to the house?  
  To save the house from foreclosure?

Saving your home from foreclosure is possible with legal advice and representation

   To stop or slow down the foreclosure?

Even if you do not intend to remain in your home in the long term; legal advice will help you with your options

   To eliminate the obligation to
pay the mortgage and/or to surrender the property? 		 
  What is your main financial difficulty in terms of the mortgage?  
  Is your payment level
acceptable but is the main problem mortgage arrears and other debt?

If the payment level is acceptable but you need help in "catching up" with arrears you can save your home if you can catch up over a five year plan

   Is the mortgage
payment too high?

Modification agreements can be difficult to obtain and legal representation can help

  

A Bloomberg Video on Avoiding Foreclosure


When a homeowner is in foreclosure the legal options available to them to resolve and/or stop the foreclosure need to be carefully pursued. Such legal options are limited in terms of the number of times they can be pursued and when and how they can be pursued.

The experience of the attorney representing the client is a critical factor in the client's success when attempting to save their home from foreclosure.

Solutions to Stop or Prevent Foreclosure



Since 1993 we we have successfully represented numerous Long Island, Nassau County & Suffok County homeowners in foreclosure and has helped many of them permanently save their homes and re-establish their financial stability.

We can advise and represent you in several possible solutions to the foreclosure process as follows:


a).   A Chapter 13 bankruptcy case designed to allow a cure over time for  the mortgage arrears.


b).   A litigated defense of the foreclosure complaint.


c).   A voluntary sale of the property, pursuant to a contract of sale.


d).   A negotiated settlement with the mortgage holder.


e).   A refinancing of the property.


f).    A Chapter 7 bankruptcy case designed to eliminate debt.



If the client is in a foreclosure action that already has proceeded for a period of time, and is nearing a foreclosure sale, the Law Office of Ronald D. Weiss can file an Emergency Order to Show Cause or an emergency Chapter 13 or 7 bankruptcy case, under appropriate circumstances, to stop a foreclosure sale in an attempt to assert the client' s rights and to give the client more time to attempt to resolve their situation and/or to cure their arrears.

If you have been in a foreclosure proceeding for over a year and/or if there is a foreclosure sale presently scheduled for your property, one way of quickly obtaining relief in State Supreme Court is with to retain an attorney to file an Emergency Order to Show Cause to Stay the Foreclosure Sale and/or to Vacate the Judgment of Foreclosure and Sale.
.


For more information on
Orders to Show Cause Click Here

Please see a more detailed description of such options below, and contact us by phone at (631) 271-3737 for a free consultation, or by e-mail at weiss@ny-bankruptcy.com as to how such options may apply to your situation.
 
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