When Can a Mortgage Company Foreclose in New York?
When a homeowner falls far enough behind on their mortgage payments to their lender or servicer, they are at risk of foreclosure. In New York,
When an individual or family files for bankruptcy, they receive a number of legal protections that can make all the difference in paving the way for a successful, financial recovery. Of special value is the automatic stay—a court injunction that prohibits creditors from contacting or taking legal action against a debtor or debtors. Once an automatic stay has been granted, creditors are no longer entitled to freeze a person’s bank account or retain a portion of a person’s wages in the form of wage garnishments. Moreover, utility companies are prevented from disconnecting services for at least twenty days after the stay has been granted. What’s more, all foreclosure and repossession proceedings must cease for the duration of the bankruptcy process, or until a creditor successfully petitions the court for a relief from stay. One’s best option to prevent a creditor from gaining a relief from stay (which in effect allows a creditor to seize a property or to continue with a foreclosure action) is to retain shrewd, legal counsel.
Since 1996, the New York bankruptcy attorneys at the Law Offices of David I. Pankin, P.C. have helped thousands of people to reassert control over their finances. Each bankruptcy attorney at the firm understand the nuances of the bankruptcy laws and are dedicated to crafting legal strategies that are best suited to each client’s unique, financial situation. For more information on how the firm can help you to exercise your full legal rights, please contact our office by phone at 888-529-9600 to arrange for a free, initial consultation with a New York bankruptcy lawyer.
We have 3 convenient locations in Midtown Manhattan, Downtown Brooklyn and Melville, Long Island. We have helped clients from all five boroughs, Westchester, as well as Nassau and Suffolk counties.
Remember, “bankruptcy is not the end it’s a new beginning.”
When a homeowner falls far enough behind on their mortgage payments to their lender or servicer, they are at risk of foreclosure. In New York,
The credit repair industry preys upon consumers desire for better credit. Last year, the industry had revenues of approximately $4.4 billion. This is up from
When experiencing financial hardship, some homeowners may fall behind on their monthly mortgage payments. This, in turn, can often lead to a foreclosure action against
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The Law Offices of David I. Pankin, P.C. provides bankruptcy, foreclosure and loan modification representation to clients throughout the New York area in boroughs that include Manhattan, Brooklyn, Long Island, Queens, Bronx and Staten Island. This website is a Legal Advertisement. Our firm assists in the discharge of debt. We help people file for bankruptcy relief under the bankruptcy code. The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute an attorney client relationship.
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