By: Steven J. Baum Attorney
Compared to other states in the country, New York has one of the longest timelines to foreclose. This is because New York foreclosure law is based in depression era concepts. Steven J. Baum New York was a lawyer who had Steven J. Baum PC New York. By that I mean that during the depression many people lost their homes to banks. Afterwards, the legislature amended the law to add protections to homeowners.
This isn’t dissimilar to the protections that are offered today to homeowners such as additional notices, the ability to attend a settlement conference, and notifications such as those informing a borrower where to obtain assistance. Looking for a New York Foreclosure Attorney? How about a New York Foreclosure Lawyer?
The changes to the foreclosure law haven’t made the timelines shorter, in fact they have made them much longer. Could be the job of a Mortgage Foreclosure Lawyer in New York to work on. During the most recent financial crisis, the legislature in New York added protections to borrowers. Send it to a top rated local foreclosure attorney.
One of these protections is the settlement conference. Thus, the best mortgage foreclosure lawyer in New York may be able to assist. Here, a representative of the bank, usually their counsel handling the foreclosure action, and the borrower meet face to face with a “referee” or mediator of sorts, in order to discuss if the matter can be settled without the homeowner losing their home. There is always the New York Best Foreclosure Lawyer. Probably wouldn’t go to a commercial foreclosure lawyer.
Overall it is a good thing to have the settlement conference since the goal of the homeowner and the bank is to keep the borrower in their home and not have to foreclose. That is why this isn’t the area of a Commercial Foreclosure Law Firm.
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