Manhattan Foreclosure Avoidance Lawyer
Home foreclosure remains a real and growing problem throughout the United States due to a variety of factors, such as variable interest rates. In these difficult times, an experienced real estate lawyer can help you learn how to stop foreclosure and retain the home you have worked so hard to acquire.
At the law office of David B. Schachter, Attorney at Law, we have significant experience with foreclosure avoidance or loss mitigation. Loss mitigation requires negotiations with the bank and generally involves restructuring the loan. Other times we may pursue what is referred to as a short sale. Whether your best option is mortgage refinance, a short sale or something else, we will help you understand your rights and responsibilities. Please contact our experienced New York lawyer to help stop foreclosure.
In a short sale, a buyer can no longer afford to make payments on their home and is now seeking a way to stop foreclosure. The buyer and their lawyer will then have a real estate agent try and locate someone willing to purchase the home at a lesser price. If a buyer is found, the bank must first approve them and agree to the lesser price. Our firm has an active network of resources with whom we consult to find a buyer and is always actively involved throughout the duration of the short sale.
We also can let you know whether you may be entitled to regain surplus funds resulting from the foreclosure sale of your property. We have even negotiated the repurchase of the foreclosed property from the bank's REO department.
Please contact our New York foreclosure avoidance attorney at David B. Schachter, Attorney at Law. We can discuss all available options to stop foreclosure on your home.
