stop foreclosure NYC

1. Learn the secret to stopping foreclosure right in its tracks The thing about debts is that they can never allow you to sleep peacefully. In fact there is an African saying that a debt will never allow you to grow fat. There are so many things that can result from your debt such as bankruptcy and foreclosures. The bank can just decide that you have become a nuisance and they seize your property. Even worse is the fact that interest rates can increase as a result of economic upturns. When the world market decides to flip over, you will have to tighten your belt a little bit more to clear up those debts. However, whilst you are in the business of clearing up your mortgages and other debts you can seek the help of an attorney. There is no reason why you should be declared homeless just because the economy has dealt you a bad hand. Hiring the best foreclosure or bankruptcy attorney will allow you to keep your home and whatever other property and still get some time to work on making your repayments. This is the best thing about the legal system. You can actually stop foreclosure; as impossible as it sounds. What does the process involve? The process of foreclosure is not as complicated as many people try to make it sound. As a matter of fact, it is the same throughout the country. The first step usually involves the lender contacting you. It could be the bank or some other financial institution that lends you money. They will contact you to

2. notify you that you have not made any payments. Usually they send a notice of default and a demand for payment. A foreclosure complaint will be filed in court by the lender’s attorney. It is the work of the court to send you a copy of the complaint that will have been filed by the lender. The court will give you thirty days to respond to the complaint. After this, the lender is going to file a motion for a default judgment. The court is going to grant the motion and also issue an order of sale of your home to the sheriff. The sheriff will look for an appraiser who will determine the value if your home. Once the value has been determined, the house will be advertised. The house could be sold in a public auction and this will be so traumatizing for you because afterwards, the court is going to pass a judgment of sale and will order that the new owner gets a title deed. This is the point where you get evicted from your house. There is the difference between the foreclosure sale value and the value of your debt. Save your home with legal help When you hire a bankruptcy attorney in Queensyou will be able to spare yourself the heartache of going through the whole foreclosure process. Filing for bankruptcy is one of the best ways of handling debts when you just cannot pay off the debt. The other options are debt consolidation and debt settlement. These too will require you to hire a legal professional to guide you through the process. Ultimately, a foreclosure is a really big loss that you should avoid. You will have to relocate from your home and start all over again. On top of that, a foreclosure can occur at any point in your repayment process. Perhaps you have been paying the mortgage for the past fifteen years but then you lose your job or something of the sort. The bank or mortgage company can decide to foreclose it. To stop foreclosure in such a case is vital to spare you the stress that is sure bound to follow. An attorney will be of great help here. Contact Information --------------------------- Foreclosure Lawyers 118-21 Queens Boulevard, Suite 603, Forest Hills, NY 11375 718-520-0085 718-520-0155 Info@FBLawyersNY.com Monday - Friday 9:00am - 8:00pm Saturday - 10:00am - 4:00pm Website- http foreclosurebankruptcylawyers.com/ Free Consultation!