Foreclosure vs. Short Sale
Foreclosure Defense Attorney in Long Island
If you are in danger of defaulting on your home loan, it is extremely important that you contact a Long Island foreclosure defense attorney today to discuss your options. If you are unable to afford to pay your mortgage, you have several options. If you stop paying and do nothing, your home will go into foreclosure, leading to a damaged credit report, eviction and the potential for financial hardship for years to come, including tax liabilities and other potential losses. If you act faster, you may be able to work with your lender on a short sale. This is when the lender allows you to sell the property for less that the loan is worth, thereby absolving you of financial responsibility. It is important to get a waiver of deficiency if you do a short sale. If you fail to do so, you may end up being held accountable for the shortfall between the selling price and the original mortgage price. To learn more about these two options, contact Blutter & Blutter, today. Our firm has over 50 years of combined experience and understands all aspects of New York's foreclosure laws, government programs, and foreclosure defense.
The firm is an established law firm in Long Island and has worked with numerous clients on their foreclosures or short sales. In many cases, negotiating a short sale will better serve your interests than allowing a foreclosure to proceed. However, there are also instances of strategic default, where you let your loan go into default conscientiously, with a specific advantage for you that must be carefully managed. A Long Island foreclosure defense lawyer will work with you personally, on a one on one basis, to determine what the best course of action is for you and your circumstance. Their individualized dedication to their clients has garnered them a reputation for excellence throughout the community, and brought many new clients through referrals. You deserve personal legal representation that cares about you, your family and your future, and that is qualified to give you trusted legal advice.
Contact a Long Island foreclosure defense attorney today to find out more about a foreclosure or short sale of your home.