Avoid Foreclosure ◦ Contact a Manhattan, New York Attorney to Discuss Mortgage
Refinance, Personal Bankruptcy and Other Options
Falling behind in your mortgage does not necessarily mean that foreclosure is your
only option, or that you will have to file bankruptcy. There are a number of legal
options that have helped many people to keep their homes when mortgage payments
were not up to date.
Contact Dwyer & Associates, LLC,
in Manhattan, New York, to discuss ways that you may be able to prevent foreclosure
and to learn how our law firm can help.
- Liquidation: Several ways to avoid foreclosure by liquidation include
the following options:
- Sell the home and repay the lender as owed.
- Do a short sale (whereby the lender agrees to accept the sale price of the property
as full payment on the mortgage. The homeowner, however, cannot profit from the
sale of the home.)
- Give the property back to the lender and walk away owing no more.
- Sue the lender: There may be reason to make a legal claim against
the lender on the basis of fraud, predatory lending, discrimination or failure to
disclose. It only takes $35 dollars worth of mistakes on the lender’s part
in order to sue the lender.
- Complain to government agencies: Were you a victim of a home equity
theft scam? Maybe the lender was discriminatory or committed fraud. Perhaps the
lender did not disclose all the terms to you. Any bad behavior on the part of a
mortgage holder may be reported to government agencies which may offer assistance.
If you have valid complaints against the lender or a mortgage broker, you may elect
to notify a government agency such as the following:
- The New York State Banking Department (1-877-BANK-NYS)
- The Attorney General's Office
- HUD (Housing and Urban Development)
- Modification: Even if you have tried to refinance your home without
success, there may be an option available for you to obtain a modification of your
loan if you act quickly once you know you're getting behind in payments. A licensed
professional can help determine whether you qualify under the Obama administration's
plan to preserve homeownership for many people who have outstanding loans through
loan modification.
- Bankruptcy: In some cases,
Chapter 13 or Chapter 7
bankruptcy is a temporary, effective way to sort out finances before a home is foreclosed.
This option may buy you the time that you need to put your affairs in order before
leaving your home.
Call or e-mail the law offices of
Dwyer & Associates, LLC, if your New York mortgage is at risk. Schedule a free
and confidential initial consultation with a Manhattan lawyer who has the necessary
knowledge and skills to advise you on Chapter 7 bankruptcy, Chapter 13 bankruptcy
or renegotiation of a mortgage to prevent foreclosure.
We are a debt relief agency. We help people file for bankruptcy relief under the
Bankruptcy Code.