Protecting Your Home From Foreclosure
The prospect of losing your home can no doubt cause a great deal of stress and fear. But foreclosure is not inevitable when you fall behind on your payments, even if the bank threatens to take action. You have options.
At the Law Office of Schachter, P.C., in Jackson Heights, we help homeowners in Queens, Brooklyn and throughout New York City fight foreclosure. With more than 30 years of experience, founding attorney David B. Schachter can provide you peace of mind during a difficult time.
Exploring Your Options
It is important to contact an attorney as soon as you receive a notice of foreclosure from your lender. An experienced lawyer can help you extend the foreclosure process. We can give you every advantage possible to stay in your home.
The Law Office of Schachter, P.C., will investigate options for a viable defense, including these possibilities:
- Investigate whether you were the victim of robo-signing
- Try to negotiate a loan modification with your lender
- Investigate whether the lender can prove it actually owns the note
- Check if the lender has served you with the required notice
- Check that legal documents were served correctly
Fighting a foreclosure requires a sophisticated knowledge of complex financial documents and regulations. Do not undertake this fight alone. Mr. Schachter can guide you through the process and ensure that no errors are made.
Using The Bankruptcy Process
For some people, a Chapter 13 bankruptcy filing may be the best way to stop a foreclosure in its tracks. While a Chapter 13 filing will not discharge your mortgage debt, it will prohibit your creditors from taking any action against you, including foreclosing on your house.
You can then use the time you are under the court’s protection (typically between three and five years) to catch up on your mortgage arrears. This may be easier during a bankruptcy because your other debts will be consolidated into an affordable, monthly payment.
Do Not Give Up! Contact The Law Office of Schachter, P.C.
It is not the end of the road when the bank informs you of an impending foreclosure. If you want to stay in your house and explore your options for fighting foreclosure, contact our firm in Jackson Heights today at 888-337-2679 or by email.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.