The great housing crash of the 2000’s has left many homeowners in New York and New Jersey underwater and behind on their house payments. Whether you have lost your job and have not been able to pay the mortgage, or you have decided that it does not make sense to make payments on a $500,000 note that is only worth $300,000, the Law Office of Yuiry Moshes, P.C. can work with you and your lender to try and broker a solution that is amenable to both parties. Foreclosures are less than desirable for both a lender and a homeowner, and we have successfully worked with banks in the past to modify the terms and conditions of loans in order to let people stay in their beloved houses when they fall behind on their payments.
Our knowledge of real estate law and alternative dispute resolution make us a great choice for people who are considering foreclosure prevention. As mentioned earlier, it is in the best interest of all parties to avoid foreclosure if possible since there are negative consequences for both parties. Owners see their credit scores ruined when a bank moves to take a house, and they are left without a place to sleep in many instances. Banks are left holding a property that can sit vacant for years to come. These types of houses are prime candidates for crime. When houses are overtaken by criminals, the value of the home goes down and banks are hit again if and when they are able to sell it.
Knowing that it is in the best interest of both parties to avoid a foreclosure, we do everything we can to develop a better solution that keeps you in your home and helps you improve the situation of your loan. The Law Office of Yuriy Moshes, P.C. has made foreclosure prevention one of our areas of focus for clients in New York and New Jersey, and we take great pride in keeping people in their homes.
If you are in need of legal assistance to position yourself properly in your upcoming struggle with your mortgage company, feel free to reach out to the Law Office of Yuriy Moshes, P.C. today at (888) 445-0234.