The current housing crisis has left many families with mortgages that they can no longer afford. As a result, foreclosure actions have soared across the country. However, a foreclosure action does not have to be the final word. There are options available that can help you avoid becoming another statistic, and in some cases may even allow you to stay in your home.
At the law office of Paul B. Groman, our lawyer located in convenient Downtown Brooklyn has helped people avoid foreclosure in New York City for more than a decade. We are prepared to put our knowledge and experience to work for you to help you get the best possible outcome when you are facing the threat of foreclosure.
Exploring Your Options
Depending on your situation, there may a number of options available that can help you avoid foreclosure. Filing for bankruptcy protection, either under Chapter 7 bankruptcy or Chapter 13 bankruptcy, will put an automatic stay on all foreclosure proceedings. This can give you the valuable time you need to catch up on your payments or negotiate a payment plan with your mortgage holder.
Alternatives to bankruptcy that can help you avoid foreclosure include loan modifications. This process can help make your required monthly payments more manageable. Short sales of your property may be an option as well. Although a short sale means that you will no longer keep your house, it does allow you to avoid foreclosure and get out from under your mortgage, which will have a significantly lesser impact on your credit record than a foreclosure. Our Brooklyn debt relief attorney will help you explore all of the options available to you.
Contact Our Lawyer for Help With Stopping Foreclosure in New York City
If you are facing the threat of foreclosure in Manhattan, Brooklyn, or any of the other boroughs, relief may be available. Contact our Brooklyn loan modification attorney online or call 718-852-1196 to schedule an appointment to discuss your situation. Located in downtown Brooklyn, we are 10 minutes from Manhattan and convenient to nearly all local subway lines.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.