UPDATED 2/26/21
If you are delinquent on your home mortgage and facing foreclosure, New York state entitles you to various protections. Utilize those protections with a New York foreclosure lawyer. A New York foreclosure lawyer knows the law, and how to get the protections from overzealous banks you deserve. A foreclosure attorney long island offers can also educate you on alternatives, such as loan modifications. A New York foreclosure lawyer may even act as a short sale attorney New York offers to side step the embarrassment of foreclosure.
A New York foreclosure lawyer can help stall the foreclosure process. Oftentimes, foreclosures take at least a year in New York state, and possibly longer. This added layer of protection gives you time to arrange your finances, or else lets you seek alternative arrangements. For instance, a New York foreclosure lawyer could help secure Long island loan modifications.
That is not all a New York foreclosure lawyer can do. A Long island real estate attorney can help apply for Federal Housing Administration relief, or see if relevant state or local authorities can provide relief. Whatever they can find, using a real estate attorney Long Island offers gives you more options than going through foreclosure alone.
Looking to Buy a Foreclosed Property?
You can save a ton of money if you opt to buy a foreclosed property. The best foreclosure deals aren’t always out and in the open. Often, you need to have a real estate agent that can help you find bank owned short sale properties. A realtor in your area may have an extensive list of bankruptcy real estate listings that you can’t get anywhere else. You need to be quick, though. Foreclosed homes tend to sell fast since bankowend homes are just sitting there not making the bank any money. For this reason, they want to sell a house fast. Depending on the condition of the home, you will stand to save a significant amount of money on foreclosed properties. In fact, many people opt to buy foreclosed homes that they can then fix up and then sell for a profit. If you’re looking for a reputable list of bank owned foreclosed homes, you should contact a realtor in your area and tell them exactly what you’re looking for. They will likely have homes on their list that haven’t even made it to MLS yet.
