Foreclosure Defense Lawyer Serving the Bronx
How to Save Your Bronx Home From Foreclosure
Lenders have a lot of money and influence. They have teams of attorneys
devoted to handling foreclosures. It may seem that fighting to save your
home will be a losing battle, but with proper legal representation this
does not have to be the case. An experienced
Bronx foreclosure defense attorney can help you explore your options in saving your home and stopping or
preventing foreclosure. The approach we take will vary depending on your
particular situation and your goals. If you would like to learn more about
what options may be available in your unique case, please feel free to
contact a lawyer at our offices at your earliest convenience. Your initial
consultation is free and confidential.
In these troubling economic times, countless American families have either
lost their home to foreclosure, or are being threatened by foreclosure.
For many people, when they are being threatened by foreclosure they often
feel as if nothing can be done to stop it; however, this simply isn't
true! Something can be done to stop foreclosure and at our firm, we have
been helping families fight foreclosure proceedings for 25 years. We can
tie up a foreclosure process in court for a long period of time and sometimes
we can convince the lender to accept a loan modification and halt the
There are several viable alternatives to foreclosure but it's important
to contact an attorney as early as possible in the foreclosure process.
Even if you are beginning to fall behind on your payments, it's a
good time to contact us so we can begin developing a solution that can
positively influence your foreclosure proceeding.
Once you receive a letter indicating that your lender will begin foreclosure
proceedings against you, it's vital that you hire a competent attorney
right away. If you are served the Summons and Complaint personally, then
you have just 20 days to respond to the Summons and Complaint. On the
other hand, if you are served the Summons and Complaint by some other
means than in person, then you have 30 days to respond. Keep in mind that
calling the attorney who served you the foreclosure papers is not considered
a valid response.
You must file your Formal Answer where you respond to each allegation in
the complaint against you. If you have defenses, you must use this opportunity
to assert them. Your Verified Answer to the Summons and Complaint in foreclosure
must be acknowledged before a Notary Public. What's more, it must
be served on the opposing counsel and the court as well.
We can discuss such options as:
Bankruptcy - filing for
bankruptcy will place an automatic stay on foreclosure proceedings. With a
Chapter 7 filing, this may buy you time to figure out a solution. With a
Chapter 13 filing, you may be able to incorporate past due payments into your repayment
plan and save your home.
- Loan modification - your lawyer may be able to negotiate with your lender
to modify your existing loan. This may include a change in your interest
rate, working out a payment plan for past due payments, lowering your
monthly payment or even lowering the principle balance.
- Short sale - you may be able to work out an agreement with your lender
wherein you sell the property for less than you owe but are forgiven the
balance, meaning you have no obligation to pay the difference.
- Deed in lieu - you may be able to give the property back to the lender
in exchange for having your mortgage loan marked as "paid" although
the property is worth less than what you owe.
There may also be ways we can dispute the validity of the foreclosure itself.
Did the lender make a mistake? Were you the victim of predatory lending
or fraud? Does the lender bringing the foreclosure lawsuit against you
actually have control of or own your mortgage loan? A lawyer experienced
with handling these matters can review your case thoroughly to determine
if a mistake was made or you have been the victim of fraudulent lending
practices or a similar situation.
Bronx Foreclosure Defense Attorney
Find out more about how we can help you avoid foreclosure. Contact a Bronx Foreclosure Defense Attorney
at the Bronson Law Offices, P.C. for a free consultation.