The Law Office of Richard S. Feinsilver
A New York Bankruptcy Law Firm
New York Real Estate Foreclosure
If you have recently been served with a summons in a foreclosure action in New York, your lender has commenced the process to redeem its collateral. Typically, a New York foreclosure proceeding takes 9 to 12 months to complete once you receive a summons. However, it is important to act quickly. Every day that goes by brings you one day closer to losing your property.
New York State Foreclosure Law
If your lending institution has served you with a foreclosure action, you do not have to lose your property. The Law Office of Richard S. Feinsilver can help. We are a New York bankruptcy law firm, with extensive experience in stopping mortgage foreclosure actions. If you have already been served with a mortgage foreclosure action, contact us immediately. Our offices are conveniently located in Kings, Queens, Nassau, and Suffolk counties, and we can arrange appointments with a foreclosure attorney around your schedule.
Many lenders, in the wake of the most recent economic crisis, are approaching homeowners who have fallen behind in their mortgage payments and are offering them the opportunity to enter into direct repayment plans. While your lender's efforts should be applauded, a direct repayment plan is not always the best solution. You must remember that your lender is only concerned about their mortgage. Most lenders do not care about your other obligations.
Many times, there is a need for an independent party to review your financial situation to determine what course of action is best in your situation. The bankruptcy laws require you to deal with your overall financial situation. It is not simply a pick-and-choose process where you only deal with your immediate problems.
Get Help from an Experienced New York Foreclosure Firm
Bankruptcy relief covers all of your obligations. Most important, do not be afraid of the word BANKRUPTCY. Bankruptcy is not evil. The bankruptcy laws should be viewed as an opportunity to take voluntary action to regain control of your financial health. Bankruptcy is not the right solution for everyone, but it is not an avenue that should be immediately rejected.
If your financial institution has initiated a foreclosure action, contact the Law Office of Richard S. Feinsilver for a free, no obligation consultation. We can independently review your financial situation, and present a range of alternatives that can provide you the relief that you are seeking.
