What kind of help can I get to prevent foreclosure?

In New York, there are a variety of steps you can take to prevent foreclosure. First, contact your lender and try to negotiate a payment plan or a loan modification so you can pay what you owe. Most lenders will consider working with you if you show that you have a plan to make your payments on time. You may also be able to find help with a non-profit housing counseling agency, which can assist you with understanding your options and negotiating with your lender. Additionally, some New York state and local governments provide grants and loan programs to help homeowners avoid foreclosure. The law in New York also provides certain protections to homeowners facing foreclosure. This includes offering homeowners the right to mediate with their lenders to come up with a payment plan. Foreclosed homeowners also have the right to file a lawsuit called a “foreclosure defense” if they believe that the foreclosure process was not lawfully done. A successful defense can delay or even prevent foreclosure. Finally, New York has several free “legal clinics” that provide free legal advice to foreclosure victims. By taking advantage of these resources and understanding your rights under the law, you can protect yourself from foreclosure and get the help you need.

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What kind of help can I get to prevent foreclosure?

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