Foreclosure Attorney – Long Island, New York City, Westchester
Are you a homeowner in the New York metropolitan area? Have you missed one or more mortgage payments due to financial hardship, unforeseen life events, like sickness or divorce, or an otherwise unaffordable mortgage? Would you like to be able to talk with a foreclosure attorney who is trained to work with homeowners facing these foreclosure challenges?
Life happens... If you are behind on your mortgage payments, or think you may fall behind due to hardship or other problems, call Eric Habib, a foreclosure attorney, and find out how we can help. A qualified foreclosure attorney can provide you with many options for helping you keep your home. These special arrangements are called foreclosure “workouts” and are designed to preserve homeownership for those who are struggling. Workouts vary depending on your situation and your loan. Not all these options may be right for you; the important thing to remember is that there may be an alternative to losing your home to foreclosure.
Some of the options which The Law Office of Eric Habib will use to help you keep your home and avoid foreclosure include:
- Deferment
This is an agreement to take part of the current mortgage payment and pay it at a later time.
- Forbearance or Repayment Plan
This is an agreement to take any payments that are past due and catch up by adding part of the past due amount to the regularly scheduled payments.
- Loan Modification
Changing one or more terms of your existing mortgage to make future payments owed more affordable, either for part or all of the remaining term of the mortgage.
- Short Sale
The lender agrees to take less than the full amount of the mortgage when the borrower sells the house.
- Deed in lieu of Foreclosure
The lender agrees to take title to the house in exchange for forgiving any amounts owed by the borrower.
Be careful of people who approach you with offers to “save” your home, especially if they ask you for a fee or for you to sign over the deed to your house to them. Notice of a
foreclosure action is public and there are rescue scams based on this information.
New York law requires anyone offering such services for a fee to enter into a contract outlining the services they will perform and the fees they will charge. The service provider is prohibited from taking any money from you until they have completed all promises.
Be aware that New York law requires your lender to provide two notices to you. One will come 90 days prior to you receiving a Summons and Complaint notifying you of a foreclosure action and the other will come with the Summons and Complaint, should you continue in default. Both notices will inform you that there are several options available to help you keep your home. They will provide you with a list of government approved housing counseling agencies in your area that provide free or very low cost counseling. These notices will direct you to the state or suggest that you contact other government agencies and nonprofits that may offer you free services to help you understand your options.
Eric Habib, a foreclosure attorney, is well versed with the laws and regulations governing foreclosures in the State of New York, and his advice can help ease concerns associated with foreclosures in the New York Metropolitan area, including Nassau, Suffolk, Brooklyn, Bronx, Queens, Staten Island and Manhattan. We have offices located in Nassau, Suffolk and New York counties. We are available for evening and weekend appointments for the convenience of our clients. Contact the Law Office of Eric Habib, an experienced foreclosure attorney. Let us help you resolve your foreclosure challenges.
