Life is not static. A families financial situations can change related to loss of employment, downsizing employment, financial tragedies, health issues, marital problems and many other issues. When a family falls behind on their mortgage payments it is important they do not ignore the issue. Immediate action should be taken to deal with the potential of a foreclosure and the loss the family’s most valuable asset, their home.
Lenders Action
A financial institution can take legal action when a homeowner falls 2 or 3 months behind in making their mortgage payments. The homeowner will usually receive initially a 90 day notice that their home is going into foreclosure. Thereafter, they will receive a Summons and Complaint from the attorneys from the financial institution outlining the reasons for the foreclosure and they are seeking to remove families ownership of their home and take back the home.
The Foreclosure Process
The foreclosure process in the State of New York is not something a homeowner can navigate or deal with on their own. The best way to deal with the foreclosure process is an early intervention on behalf of the homeowner by a dedicated, experienced foreclosure law firm.
The law office of Schlissel DeCorpo LLP has been representing homeowners for more than 30 years and has helped hundreds of homeowners keep their homes.
The law office of Schlissel DeCorpo have been defending homeowners regarding mortgage issues for more than three decades. They can be reached at 516-561-6645, 718-350-2802, 631-319-8262 and 914-998-0080 or emailed at Elliot@sdnylaw.com.
Upon being served with the summons and complaint, regarding notice of the 
On February 20, 2023 the new Foreclosure Abuse Prevention Act was signed by New York Governor Kathy Hochul. Here are some significant aspects of this new law;
If you’re successful in modifying your mortgage on your own, you may not need a 
Legal action can be taken by homeowners in either state courts or federal courts to save their homes. Unfortunately, these procedures are sophisticated. Most general practice lawyers are not familiar with the complicated process of 
Mortgage loans generally are made for a period of 15 or 30 years. When homeowners take out the loan, they usually have good jobs, are healthy and have no problems making the payments. But during the term of the mortgage, sometimes homeowners run into financial difficulties. Their financial situations change. They experience all types of anxiety regarding losing their home.
When a home owner falls three months behind on their mortgage payments the property is considered to be in a 
Mortgage foreclosure lawsuits in the state of New York have been made more difficult, by actions of the state legislature. In addition to foreclosure lawsuits becoming more difficult, they’re taking longer and longer to get through the courts. There are more reasons or grounds that foreclosure defense lawyers can use to 
New York Real Property Actions and Proceedings Law Section 1304 requires lenders and servicing companies who want to bring a legal action regarding a mortgage on a residential home in the State of New York must provide 90 days written notice to the borrower regarding the home loan foreclosure before starting legal action. The notice needs to be mailed to the homeowner by regular mayor and certified mail.
