Category Archives: Foreclosure Defense

Foreclosure is serious — it means losing your home due to missed mortgage payments. To help stay on track with mortgage payments, it’s important to create a budget so you can track your spending and make sure to have money aside each month for mortgage payments. Here are some ways to help you manage your money and avoid foreclosure.

Foreclosure occurs when a homeowner fails to pay their mortgage payments, leading the mortgage lender to initiate foreclosure proceedings to repossess the property. A foreclosure could be due to many factors, including the following. Job Loss An unexpected job loss or significant decrease in income can make it difficult for a homeowner to stay current on mortgage payments and affect the ability to afford their home. Unexpected Medical Expenses High medical expenses can place a financial strain on homeowners, potentially forcing them to choose between paying for healthcare and keeping up with their mortgage. Divorce If one spouse who handles…

Foreclosure can be a scary situation for multiple reasons, including the emotional stress of losing your property, damage to your credit, and the potential for deficiency judgments where you still owe money to the lender. Because of this, it’s critical to address a foreclosure notice as soon as possible. Here are some steps you can take to potentially prevent a foreclosure.

Foreclosure is a legal process that can occur if the homeowner fails to keep up with their mortgage payments, which gives the lender the right to seize the house to recover what is owed to them. However, before starting the foreclosure process, lenders must wait until the homeowner has missed at least four monthly mortgage payments, at which time the mortgage is 120 days delinquent.

Facing foreclosure can be very stressful. However, there are several options you can look into to help stop foreclosure.

Whether you live in White Plains or another Westchester County community, your home is likely the most significant investment of your life. At Todd Cushner & Associates, our foreclosure defense attorneys can help prevent the seizure of your property, allowing you and your family to keep your home.

When attempting to prevent the foreclosure of your home, vacating a default judgment can be your best defense. Learn more about default judgments and when vacating them can help you keep your home.