Скачать или смотреть Behind on Mortgage? Understanding the Foreclosure Process & Your 3 Options

Are you behind on your monthly mortgage payments or property taxes? Attorney Ronald D. Weiss breaks down the basics of foreclosure litigation and the steps you need to take to defend your home.

Here is the foreclosure overview:

Mandatory Notices: Before a lender can foreclose, you must receive both a 90-day and a 30-day notice.

The Goal: If you can't cure the default, the lender files a summons and complaint to sell the collateralized property (your home) to pay the mortgage.

3 Key Strategies for the Defendant:

Fight Back and Modify: Vigorously defend the litigation while smartly engaging in efforts to obtain a loan modification.

Alternatives (If No Modification): If a modification isn't possible, your options include reinstating the loan, selling, or short-selling the property.

Bankruptcy Options: Chapter 13 bankruptcy can give you 5 years to reinstate your loan or provide a better, court-supervised opportunity to get a loan modification.

Don't wait! An experienced attorney can help you understand your rights and give you the leverage you need. Contact us today for a free consultation.

Law Office of Ronald D. Weiss, P.C.
[email protected]
https://www.ny-bankruptcy.com/
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