Short sales offer homeowners who are unable to afford their mortgage payment to sell their home as an alternative to bankruptcy or foreclosure. The owner of a mortgage must approve the short sale, so the services of a short sale attorney New York is important if you are considering trying to negotiate long island loan modification. New york foreclosure lawyers will be able to assist homeowners if the short sale is not approved and the bank wished to move forward to foreclosure.
A short sale attorney New York is helpful negotiating with the banks before they begin the costly and lengthy process of foreclosure. The services of a short sale attorney New York is often retained by those who purchased property at the height of the real estate bubble, and now those individuals own property that is not worth nearly half what they paid and they may risk becoming one of many Long Island foreclosures.
If you are at risk a consultation with a foreclosure attorney Long Island or an NY bankruptcy lawyer is often free or low cost. During a consultation you will be advised on your rights and how to proceed if you decide to retain the services of a lawyer. See this link for more references: DarrenAronowPC.com