NYC Premier Real Estate » programs to assist a borrower prior to the foreclosure http://premierrealestatenyc.com Getting NY Homeowners Out Of Foreclosure and Out of Distress Fri, 31 Mar 2017 19:33:44 +0000 en-US hourly 1 https://wordpress.org/?v=3.9.40 There are many programs to assist a borrower prior to the foreclosure http://premierrealestatenyc.com/there-are-many-programs-to-assist-a-borrower-prior-to-the-foreclosure/ http://premierrealestatenyc.com/there-are-many-programs-to-assist-a-borrower-prior-to-the-foreclosure/#respond Fri, 18 Oct 2013 12:22:43 +0000 http://premierrealestatenyc.com/?p=340 Homeowner need to understand, once the foreclosure process begins it is only a matter of time before an additional lawsuit is filed against the borrower by the bank.

An unlawful detainer lawsuit will be served to the homeowner if he or she refuses to vacate the home in the time specified during the foreclosure. Once the bank takes the home, it will be placed back on the market for sale at a public auction.

The forced sale of your home will leave you no options, and you will be legally obligated to remove your belongings and relocate to a new location. Before this ugly chapter opens, it is best that you seek legal help, and avoid the foreclosure entirely.

Once you miss the first mortgage payment contact a company like Premier Real Estate NYC. There are many programs to assist a borrower prior to the foreclosure, once the foreclosure process begins the opportunities for a way out diminishes quickly.

 

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