It is only natural to feel devastated to receive a legally-required notice in the mail telling you that you have 90 days to correct your mortgage delinquency or you may face a foreclosure action in New York civil court. If you do not have the funds to cure your delinquency or default, you may feel completely helpless. Too many people in this situation fail to call an attorney or take other action because they believe losing their home is inevitable.
This is simply not the case, however, and your first call should be to an experienced New York foreclosure defense lawyer to explore your options. At this point, there are a variety of loss mitigation options to prevent a foreclosure and help you get current on your mortgage, including applying for a loan modification. You should not give up at this stage but instead take control by seeking legal assistance.
If you have already been served with papers indicating your mortgage lender has filed a foreclosure action, you should certainly not delay in calling an attorney. New York has a judicial foreclosure process with a complicated web of state laws and court procedures that are difficult to decipher. In addition, the process involves mandatory settlement negotiations with your lender, which can be intimidating. Having qualified legal representation during this process can help you achieve the best result possible in your situation.
Furthermore, you do not have to wait until foreclosure is looming to call an attorney. If you believe you may be losing control of your finances, you may be a good candidate for bankruptcy or other debt relief options that can help you gain control quickly. Our office can help determine the best course of action for you.
It is never the wrong time to discuss your situation with an experienced foreclosure defense attorney. At the Law Offices of Ronald D. Weiss, P.C., we help clients at all stages of financial difficulty take control of their situation through a variety of legal tools. If you are in Long Island, Nassau, Suffolk, or the surrounding areas, please call our office at 631-271-3737 to schedule a free consultation today.