If you are burdened by inflated interest rates on your mortgage, and are nearing foreclosure, or someone you know, has recently been served with a summons for foreclosure, you should contact a financial expert, or real estate professional immediately.
The foreclosure process follows an immediate, legal track, which can last between 18 and 24 months to finish. If the foreclosure is neglected, and the bank’s notices are neglected, than the borrower will not only be losing valuable time, but the bank will grow increasingly more hostile.
No matter if you are two months behind in payments, and you have already tried to modify your loan, there are still options that remain. Premier Real Estate NYC is helping dozens of people in New York City by offering free consultations. Foreclosure is a dynamic process, and each homeowner’s circumstances are different.
Let a trained team of real estate professionals, and legal advisors review your case. You may be better off than you realize; there are many variables that can change the direction of a foreclosure. Without knowing your rights as a homeowner, and a borrower, you will be giving the bank undeserved leverage.
Banks across the U.S. have been impacted tremendously by the 2008-housing crisis; as a result they have dedicated millions in legal fees to fight against any claim by a borrower in foreclosure. If you reside in Queens, Brooklyn, Bronx, Staten Island, Manhattan, or in Long Island, upstate New York, and Westchester, your rights may be stronger than homeowners in other states across the country.
Most states have done little compared to the efforts by varying housing committees in New York City. Despite the current 2013 government shutdown, many efforts are underway in New York City for homeowners in foreclosure. Premier Real Estate NYC is one real estate company that is looking out for New Yorkers.