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Foreclosure Settlement Conferences

Foreclosure Settlement Conferences What you should know about Foreclosure Settlement Conferences! Residential foreclosure defendants in New York are entitled to a preliminary foreclosure settlement conference that may enable a speedier and less expensive way of resolving their foreclosure issue than would otherwise be possible. The law requiring the conference – New York Civil Practice Law […]


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Foreclosure Settlement Conference

Foreclosure Settlement Conference Purpose of the Foreclosure Settlement Conference According to New York law (RPAPL 3408), the purpose of the foreclosure settlement conference includes, but is not limited to, “…determining whether the parties can reach a mutually agreeable resolution to help the defendant avoid losing his or her home, and evaluating the potential for a […]


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Foreclosure Settlement Conference Eligibility

Am I Eligible For A Foreclosure Settlement Conference? Generally, you are eligible for a Mandatory Foreclosure Settlement Conference if: The foreclosure action was commenced against you after February 13, 2010, OR Your case was commenced between September 1, 2008 and February 13, 2010, and involves a subprime, high-cost or nontraditional loan, and The property is […]


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Foreclosure Settlement Conference Notice

Scheduled Foreclosure Settlement Conference I received a notice to attend a foreclosure settlement conference, what should I do? Go! If you are facing foreclosure and the court has scheduled¬† a foreclosure settlement conference for you, you should attend or hire an attorney, probably for a lot less than you may think, to attend on your […]


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Fighting Foreclosure After a Default Judgment.

Your lender brought a mortgage foreclosure action and obtained a default judgment against you. So, it’s game over and you are bound to lose your home to foreclosure, right? Not necessarily! The scenario usually goes something like this: Your mortgage lender brought a foreclosure action against you and allegedly had you served with a summons […]


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New York Foreclosure Law

In 2009, Governor Paterson signed foreclosure legislation aimed at protecting homeowners and tenants. Protection For Homeowners: NY foreclosure law now requires that a 90-day pre-foreclosure notice be sent to all homeowners facing foreclosure. This notice is sent prior to the start of the foreclosure action and allows additional time for many homeowners to work with […]


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