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Executive Order Extends Pause of Student Loan Payments and Eviction & Foreclosure Moratoriums

On President Joseph R. Biden’s first day in office, he signed several executive orders, many of which were designed to undo a significant amount of President Donald J. Trump’s policies. That being said, of these executive orders, there are two designed specifically to assist those who’ve incurred significant financial hardships as a result of the […]

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What You Need to Know if You Have Not Yet Received a Second Stimulus Check

If you are someone who qualified for the second round of stimulus checks, there is a good chance that you depended on that check to help pay rent, pay for groceries, or otherwise. Unfortunately, many individuals who were expecting to see their second stimulus payments through direct deposit were informed that they will not receive […]

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How Many Mortgage Payments Can I Miss Before I Lose My Home?

There is nothing more frightening than the prospect of losing one’s home. However, if you are someone in Rockland County who has fallen behind on their mortgage payments, there is a chance that you may now be facing foreclosure. Please continue reading and speak with our knowledgeable Rockland County foreclosure defense attorney to learn more […]

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Loan Modifications in New York State | What You Need to Know

As a homeowner, you understand that there are few things more frightening than missing mortgage payments. Fortunately, there are various strategies available to you. One of those strategies is seeking a loan modification with the assistance of an experienced Rockland County foreclosure defense attorney. If you are behind on mortgage payments, do not wait. Please […]

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Millions of Mortgage, Rent, and Student Loan Payments Missed Due to Covid-19

3.3 Million Homeowners Missed Mortgage Payments in September 2020 According to the National Mortgage News, 12.4% of homeowners missed loan payments during the last 6 months alone. The report quoted Gary Engelhardt, professor of economics at Syracuse University.  “There is growing concern that absent a slowdown in the number of coronavirus cases and another round […]

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Here is What You Need to Know About the Loss Mitigation Program

For many people here in the United States, there are few things more intimidating than filing for bankruptcy. However, fortunately, many Americans are relieved to learn that filing for bankruptcy may actually be one of the best decisions they’ve ever made. If you are considering filing bankruptcy to halt foreclosure on your home, you may […]

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The Consumer Financial Protection Bureau Orders More Relief for Homeowner’s Forbearance and Loan Modifications.

Taking effect July 1, the CFPB has instructed mortgage lenders to waive the requirement that loan modifications only be extended to customers who have submitted a complete loan modification application. Borrowers facing temporary hardships would benefit from a quicker and more efficient application process. The new rule would allow mortgage servicers to extend relief sooner if […]

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What can stop foreclosure of my home?

Being faced with the possibility of foreclosure is a scary experience. Individuals can become unsure about what the future holds and how they will be able to shelter themselves and their families. However, there are a few ways that individuals may be able to save their home from foreclosure. One way to stop the foreclosure […]

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NYC Foreclosure Rates Rise

A new report was just released by Property Shark indicating that foreclosures in New York City have increased to the highest levels in 8 years. Compared with the rate of foreclosure in 2016, New York City saw a whopping 58 percent increase, totaling at 3,306 foreclosures. The borough with the highest increase in foreclosures from […]

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What is a foreclosure?

What is a Foreclosure? A Foreclosure lawsuit is the legal process by which your mortgage lender seeks a Court Judgment to sell your home when you have defaulted on your mortgage payments. New York State is a “Judicial Foreclosure State”.  This means that the mortgage lender, unlike in other states, can only foreclose or sell […]

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