Are You Facing Foreclosure in New York?
Contact Adams Law Group, LLC, for a Free Consultation
Facing a foreclosure can be frightening. It is absolutely essential that you respond to a foreclosure promptly and effectively. If you have been served with a foreclosure notice, DO NOT WAIT. Contact a foreclosure defense lawyer to discuss your situation and the best way to handle it.
Should I Fight to Keep the House — or Walk Away Debt Free?
There are many ways to fight a foreclosure. The most traditional manner is to file an answer with the court, and possibly to counter-sue the bank. Your countersuit can be based on violations of state laws, or federal lending laws, or other causes. Sometimes the bank or servicer that starts a foreclosure against you is unable to prove they own the note. In addition to defending the foreclosure, there are several other options which may be better suited to your needs.
- Loan Modifications can bring a loan current, lower the interest rate, and lower the monthly payment. Banks will sometimes reduce principal as well.
- Chapter 13 bankruptcy is an effective way to stop foreclosure immediately and allow you to repay your mortgage arrears through a court-approved repayment plan.
- Chapter 7 bankruptcy also stops a foreclosure and allows you to either keep your house (and your mortgage) or walk away debt free.
- A short sale is when your lender agrees to accept partial payment from a sale as "payment in full."
- A deed in lieu of foreclosure allows you to sign a deed back to the mortgage company and leave the house without any future obligation.
You have options. Contact a Foreclosure Lawyer Today
Contact the law offices of Adams Law Group, LLC, with offices in Westchester County,Rockland County, New York City and New Jersey, to schedule a free consultation with one of our experienced attorneys.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
