Premier Real Estate NYC is a step in the right direction for homeowners in foreclosure. In any foreclosure process the lender in usually willing to find a way out for the homeowner, banks do not want to own your home.
Once the bank contacts you regarding your late mortgage payments, they will issue a Notice of Default. This note will be issued to the borrower within the first two months of his or her defaults, especially if there is no contact, or communication with the bank. Premier Real Estate NYC is one of the few real estate companies in New York City that legally represents homeowners against their bank.
After typically 45 days of late payments, the lender will establish new parameters for the borrower to abide by. This set course will allow the homeowner to payoff owed payments, and any fees, within a fixed period of time. The goal of the first phase of a foreclosure is to avoid the foreclosure. Premier Real Estate NYC is here to show you how to stay clear of the foreclosure process.
Once the bank deadline passes, and there is little to change in the frequency of payments by the homeowner, the bank will automatically move towards the foreclosure. The foreclosure goes through the court in most states in the U.S.; however, some foreclosures are also non-judicial. The bank will dedicate a legal team to advocate its position against the homeowner. Usually, the homeowner is poorly represented against the bank’s legal team.
Premier Real Estate NYC fights for your interests, and claims against the bank. We will find a way for you to either, sell your home and avoid foreclosure, or remain in your home through a loan modification.