One of the worst mistakes you can make when served with foreclosure papers is to do nothing. You have the opportunity to respond, and generally speaking, you should do so. You may have defenses and counter-claims that you are entitled to have considered by the court.

If you want to keep your house, in New York, you may have the right to a foreclosure conference, where all parties meet to try to resolve the arrears and keep the homeowner in the home. A loan modification could be available to help you stay in your home and refinance the outstanding arrears and potentially lower your interest rate. For individuals who would like to walk away from their home, a deed in lieu of foreclosure, short sale, or bankruptcy may help you reach that goal.

Whatever you do, don’t ignore the situation. You may find there is a solution to the problem! It is crucial that you work with someone who knows the foreclosure process. We have a knowledgeable team and offer payment plans. If you need help with your mortgage loan or representation in a foreclosure, contact Fairbanks Fletcher Law PLLC today to learn about options to resolve the problem.