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Rockland County Foreclosure Defense Options

Rockland County Foreclosure Defense Options

Homeowners often have to save for years and years to be able to put a down payment on a house. Purchasing a home is a very exciting thing and it is something to be proud of. That being said, when a homeowner has a change in financial circumstance and begins struggling to make payments on their mortgage, they may find that they are at risk of losing their home to foreclosure. Of course, this is devastating. No one wants to lose the place they have put down roots and worked so hard for because they can no longer afford it.

There are several ways that an individual can work to defend themselves against a foreclosure. In some cases, the homeowner may be able to modify their mortgage payments to make it possible to keep the home. The owner will have to attend a Foreclosure Settlement Conference and request a loan modification. A successful loan modification will typically lengthen the term of a mortgage, reduce interest rates, or reduce monthly payments. If this is not an option, the homeowner may want to file for bankruptcy because a bankruptcy will stop a foreclosure in its tracks.

If you are concerned about foreclosure, contact our firm today.

Matters related to bankruptcy and estate planning are very significant in one’s life and require the services of an experienced attorney. Our firm proudly serves clients throughout Rockland County and New York State. If you need effective legal guidance, contact Koplen Law today to schedule a consultation. 

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