How to stop foreclosure in New York City? In New York City: Manhattan, Brooklyn, the Bronx, Queens, Staten Island, and surrounding areas like Long Island, Westchester, and Albany, homeowners have a variety of options to circumvent the foreclosure process.
Keeping in direct contact with the bank during the foreclosure process is one of the biggest mistakes homeowners make. Premier Real Estate NYC is a full service real estate company, which specialized in foreclosure consulting. Borrowers who are pitted against their need to find professional help. After 90 days the bank will serve the delinquent borrower with documents to begin the foreclosure.
Three of the most popular ways to avoid foreclosure are:
Chapter 13 bankruptcy (Chapter 13 bankruptcy is a way to keep your home, Chapter 13 will allow you to pay back, retroactively, all of your past mortgage payments),
Loan modification
Short Sale
It should be mentioned that it is strongly advised not to file for Chapter 13 bankruptcy if possible. One alternative method, which is offered by Premier Real Estate NYC, is to find a buyer, or investor who will offer you cash for your home.
To find out more contact Premier Real Estate NYC