Foreclosure Defense Attorney
Top-rated foreclosure defense attorney serving all of Dutchess County including Poughkeepsie, Hyde Park, and surrounding areas with 190+ five-star reviews. Aggressive strategies to protect your home. Mortgage modification, bankruptcy, or walking away - explore all options.
You Are Not Alone
You are not alone if you are facing the possibility of home foreclosure. In these increasingly tough and uncertain economic times, many individuals are struggling due to factors out of their control such as loss of income and increased expenses. Many can barely afford their monthly necessary household bills, let alone any other debt that may have accumulated over the years.
Fortunately, help may be available for you during this financially stressful and emotional time. Mortgage modification, bankruptcy and simply walking away are options you have.
Mortgage Modification
To avoid foreclosure and a deficiency judgment, loan modification may be your best alternative. In working with your bank or lender, I may be able to modify your mortgage whereby the bank reduces your monthly payment and defers the arrears to the back end of the loan.
Pursuing this alternative may also help you avoid having to file for bankruptcy. I have extensive experience negotiating with lenders and can help you secure the best possible modification terms.
Reduce your monthly mortgage payment to an affordable amount that fits your current budget.
Past due amounts are added to the end of your loan, giving you immediate relief while keeping your home.
Stop the foreclosure process and keep your family in your home while you get back on track financially.
Bankruptcy as Foreclosure Defense
Bankruptcy can be the best way to save your home according to recent studies. This is because you have a better chance of modifying your mortgage and entirely eliminating second and third mortgages as well as judgments on your property through bankruptcy.
Further, bankruptcy also puts a stop to any foreclosure action that is currently pending. The automatic stay immediately halts all collection activities, including foreclosure proceedings, giving you time to reorganize your finances.
Eliminate unsecured debt while potentially saving your home if you can catch up on mortgage payments.
Create a 3-5 year repayment plan that allows you to catch up on missed mortgage payments while keeping your home.
Walking Away Option
It is possible to walk away from your house if you choose to. This will usually result in a judgment against you for the amount you owe to your mortgage company. However, filing for Chapter 7 bankruptcy can eliminate this judgment, leaving you potentially debt free.
While this may not be the ideal solution, it can be the right choice in certain circumstances where keeping the home is not financially feasible. I can help you evaluate whether this option makes sense for your situation.
Hyde Park, NY 12580
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