Foreclosure
Facing foreclosure is difficult, regardless of how long you have owned your home. Unfortunately consumers who are facing foreclosure often do not know what their rights are as they pertain to their lender. This is one of the primary reasons for contacting an attorney who has experience with foreclosure law. If you are facing foreclosure on your residential first mortgage, second mortgage, or your home equity loan, we can help. We will help you save your home from bank foreclosure and fight against your mortgage lender, private mortgage loan investor, and mortgage loan servicing company; we can help you and your family save your home from foreclosure.
Foreclosure Attorney: Making banks show standing
When a lender initiates foreclosure proceedings they often do not have the documentation to support their standing. Standing means they have the legal right to foreclose on the property. Because loans are often sold between lenders and servicing companies, you may not know who owns your loan until they attempt to foreclose. We can hold banks accountable by making sure they have the legal right to foreclose on your home.
Foreclosure Attorney and loan modification
Some consumers may be eligible for a loan modification, even if they have received a foreclosure notice from their lender. However, this process can be very complex and take a long time to complete. If you are working with a foreclosure attorney however, oftentimes banks are far more willing to negotiate with you so you can save your home. The Law Offices of Lawrence Katz has the skills and experience you need when you are seeking a modification of your existing loan.
Consumer protection: Foreclosure notifications
The process of foreclosure requires the lender to provide certain notifications to borrowers. These notices must contain certain language describing the property, provide certain time frames for reinstating a mortgage and contain information about the consumer’s legal rights. Oftentimes, banks and servicing organizations attempt to “speed up” the foreclosure process and cut corners when dealing with foreclosure. As a consumer, you are protected under both state and federal laws from this type of acceleration of the process. At The Law Offices of Lawrence Katz, we will review all of the documents you receive from your lender and ensure they are following the law.
Foreclosure protection: Understanding your rights
Real estate transactions are covered under Real Estate Settlement Procedures Act (RESPA) which gives consumers certain protections and provides for specific notifications in the event of foreclosure. These protections include inflated fees for collection efforts, appraisals and property inspections conducted by the lender in the event they start foreclosure proceedings. If a lender has violated any of these conditions, we may be able to delay the foreclosure process to allow you additional time to reinstate your mortgage.
Foreclosure dismissal: When lenders attempt to continue
In some cases, a court will dismiss a foreclosure proceeding because of errors made by the lender. When this occurs, lenders will often attempt to sue the consumer for additional monies or add additional fees to their mortgage. We can help hold lenders accountable for errors made in robo-signing, RESPA violations and more.
Don’t Waste Time
If you are in foreclosure, it is imperative you speak with an attorney who has experience dealing with foreclosure defense. Contact us today for a case evaluation.
Contact Law Katz
If you’re struggling with foreclosure or bankruptcy or have been been harmed by fraudulent activity or inaccuracy of information, call us or email us for a case evaluation.
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Nassau Office
- 70 Sunrise Hwy.
- Valley Stream, NY 11581
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Suffolk Office
- 200 Broadhollow Rd. #207
- Melville, NY 11747
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Westchester Office
- 175 Huguenot St. #200
- New Rochelle, NY 10801
