Foreclosure Attorneys
Free Expert, No-Obligation Foreclosure Consultation
Facing foreclosure is hard and emotionally taxing. The process is long and it comes with tens of challenges.
When you get a summons or a letter, you feel as if the world is ending. That’s why you need a caring and listening partner to stand with you.
At Ur Realtors, we not only give you free, no obligation consultation on foreclosure, but we also represent you in the foreclosure case.
But before it gets to that, we shall first find out whether there is a leeway to negotiate with the lender to avoid the foreclosure altogether.
We Offer You The Best Options To Prevent Foreclosure
When you call us for consultation, here are some of the options to foreclosure you could be looking at:
- Short sales – sell the home for less than the remaining mortgage balance
- Deed in Lieu of Foreclosure – get relief by transferring your home title to lender
- Loan Forbearance – Negotiate a pause on loan payments for a certain period
- Loan modification – Negotiate new payment terms (often smaller) than what you were originally paying
- Loan Repayment Plans – Spread the loan arrears to future payments to catch up with your loan repayment
best foreclosure attorney in ny
What Does A Foreclosure Attorney Do?
A foreclosure attorney in NY has skill and experience in handling foreclosure cases in court, looking at mortgage payment plans and helping homeowners avoid it. Foreclosure can cause shrinkage of equity that you have acquired on the property. It also has serious consequences on your credit history. For these and more reasons, at Ur Realtors, we believe foreclosure should be the last resort.
Our foreclosure attorneys can negotiate the best foreclosure terms and methods for you. There are different types of foreclosures. First, the lender can transfer the deed in lieu, that is, transfer the property to their name and sell it. Secondly, they can sell the home on your behalf to another party. Because of the complexity of the foreclosure process, not every attorney is able to help. Choosing a skilled, battle-tested attorney can go a long way.
Yes! It’s Possible To Avoid Foreclosure
Foreclosure is not the only option when you have fallen behind your mortgage payments. If you stay proactive, and you know the other options available, it is possible to avoid foreclosure.
Here are a few things you can do to avoid foreclosure:
- Take a home equity loan and clear the mortgage payments
- If your financial position changes (job loss, medical issues etc), contact your lender immediately to make them aware of your situation
- Consider a short sale if the value of the home if less than the outstanding mortgage loan
The short sale option is best if you have no other means to raise the monthly payments on your mortgage.
Available Options For Preventing Foreclosure
After falling behind on your mortgage payments, you will get a summons, complaint or a letter (which the lender issues with a 120-day grace period).
Use this time to find out the best options for you. These range from refinancing, short sales, taking out a home equity loan and paying off the mortgage.
Consider your options keenly so that you can get the best deal out of it. If you had been making payments before you started falling behind on your payments, you should choose a deal that will not make you lose your equity.
Within those 120 days, you can decide to refinance the mortgage, which means to move from the old loan to a new one, usually translating to lower interest rates. This option is recommended to rental property owners.
If you have a family home, you can consider selling it so that you have permanent relief from the debt.
Why You Need A Stop Foreclosure Attorney
The mortgage lender has one intention – to recover their money. To do that, they can have you pay them.
But if you run into financial ruin and you are not able to make payments anymore, they can sell the home on your behalf and get their money. They can also auction the home in foreclosure, in which case your equity could reduce somehow.
If you decide to sell the home, you will need to spruce it up so that buyers can give a better price. One of the ways to do this is to get a fix & flip loan. Use it to repair the house, so that it can fetch a good price.
Whether a foreclosure is imminent or avoidable, you need to protect your interest. You need the help of an experienced stop foreclosure attorney.
Your attorney explains your situation, lets you know what to expect so nothing catches you by surprise. He/she will also explain all the options to foreclosure that are available.
Your Best Bet For Skilled Foreclosure Attorney In New York
Choosing a foreclosure defense attorney is never an easy task. At Ur Realtors, most people calling for consultation ask how much a foreclosure attorney charges.
They also ask whether the attorney can stop the foreclosure. Some also call us looking for a way to sell the house fast for permanent relief and to stop their equity from shrinking too much.
Since the establishment of Ur Realtors, we have assisted many families with foreclosure defense services. Our main objective is to represent you so that you get the fairest deal out of the foreclosure.
Our foreclosure attorneys explain to the homeowners the best available options that will make the smallest dent on their credit score.
In other cases, Ur Realtors can also give you an offer to buy the property, arrange a short sale or inform you of the available options that help your interests in the best way possible.
