Sometimes circumstances beyond our control cause us to lose our jobs, our health, or we experience other unexpected serious financial setbacks. This can lead to being unable to pay our mortgage on time, and soon the possibility of losing our homes becomes frighteningly real. As soon as possible, if you find yourself in this situation, you should seek the advice of a Long Island foreclosure attorney to stop the foreclosure process as soon as possible. No matter how behind you are with your mortgage and debts, you can still recover from your circumstances if you are as pro-active as possible, and we want to help you do that.
Most lay persons have a difficult time understanding a mortgage contract. The law firm of Rubin & Licatesi, P.C. combines its real estate and litigation experience in order to negotiate on your behalf through the puzzle of a mortgage contract. Our real estate attorneys initiate a conversation and review the process with your lender and with this partnership, we begin to provide you with a rescue plan to meet your financial goals. Foreclosure assistance through our firm can help save homes from repossession and owners from eviction.
Litigation is sometimes an option to deal with foreclosure. For example, your Long Island foreclosure defense attorney may choose to challenge the mortgage as defective. Your mortgage may be defective if mortgage payments are a high percentage of your monthly income. Other indications of defective mortgages are when a recent home purchase shows the home's current value is far less than the purchase price. Or, a mortgage may be defective if the lender shows bad faith by breaking promises to refinance.
A New York foreclosure defense lawyer can also investigate the mortgage itself. Bundling mortgages and selling them to trust companies is common practice in the housing industry. However, when the servicers’ documentation is lax, the paper trail of who owns the mortgage may be inadequate. This occurred frequently during the housing boom days when servicers had heavier workloads than they could easily handle. Sometimes the party foreclosing no longer owns the mortgage security and poor paperwork obscures the real owner.
The best time to avoid a foreclosure is before it begins. If you—like so many others—are facing hard financial times through job loss, health problems, or other unexpected difficulties, we can help. Rubin & Licatesi, P.C. has a talented legal team dedicated to assisting clients to reestablish a financial foothold instead of losing their assets and their homes to foreclosure.
Along with understanding what you should do about missed mortgage payments, you need information about what you should not do during a foreclosure crisis. Contact our foreclosure lawyers in Long Island when you have questions, and do the following:
Our Long Island real estate law firm provides our clients with the highest caliber of legal representation in various areas of law. We utilize state of the art technology and cost-effective methods to provide services in a timely and proficient manner. We pride ourselves on remaining accessible and responsive to each and every clients needs by our hands-on, aggressive approach.
If you are interested in speaking with a foreclosure lawyer in Nassau or Queens County about your case, please call 516.204.7715 or contact us online today.