BANKRUPTCY LAW – Foreclosure

When financial troubles strike, New York City residents often find themselves confronting a trio of concerns: foreclosure risk, bankruptcy considerations and the possibility of credit discrimination. For homeowners, the threat of losing their property can be the most...

As an aspiring homeowner, facing foreclosure is more than just losing a property; it’s about giving up the dream of having a place to truly call your own. Watching the hard work and planning slip away can be incredibly overwhelming, but it’s important to remember your...

There’s no question that medical debt accounts for a large portion of overall consumer debt in this country. Further, because hospitals and other medical providers are quick to turn it over to collection agencies, it’s also among the most likely to appear on credit...

People sometimes make the mistake of assuming that bankruptcy always happens because a person made poor financial decisions. Maybe they took on too much debt. Maybe they had reckless spending habits. Maybe they just weren’t smart with their money and they lost...

Foreclosure does not happen right away. If you miss a single mortgage payment, your lender is not going to foreclose. It usually takes numerous missed payments, along with multiple notifications from your lender. Once this starts happening, though, you may feel like...

Managing the risk of a foreclosure can be a genuinely stressful experience for a homeowner. If you’re weathering this situation, the looming threat of losing your home, coupled with financial strain and legal challenges, can take a significant toll on your well-being,...

Is foreclosure the end of your homeownership dreams forever? When it seems like foreclosure is a real possibility, this may be one of the number one questions on your mind – but you can take some solace in the fact that no stain on your credit lasts forever.  With...

Love them or hate them, homeowners associations (HOAs) are a fact of life for a lot of New Yorkers – and they do have some value when it comes to helping preserve a community’s way of life and maintaining property values. They can also become a nightmare for...

Whether it’s called a Notice of Acceleration, a Notice of Default and Acceleration or something different, receiving this letter in the mail is a serious issue.  It means that you’ve essentially triggered an acceleration clause in your mortgage by missing too many...

Individuals who are considering filing for bankruptcy typically do so because they are experiencing severe financial difficulties. However, filing for bankruptcy can have serious long-term consequences for your credit rating and finances, making the prospect of doing...