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Foreclosure in New York

New York Foreclosure Statistics

Foreclosure is not as great a problem in New York as it is in many other states, as only one in every 2,180 housing units statewide was the subject of a foreclosure filing at the end of 2012. Compare that number to 1 in 430 in California, 1 in 390 in Nevada, and a staggering 1 in 310 in Florida. Foreclosures are generally more common in the southern part of the state than in Upstate New York. The ten counties with the highest rates of foreclosure were Suffolk, Queens, Kings, Orange, Nassau, Westchester, Cattaraugus, Bronx, Rockland, and Richmond. Even though New York homes are not being foreclosed upon as frequently as in other parts of the country, any case of foreclosure is in itself a serious situation for those involved, wherever it occurs.

New York Foreclosure Defense

Looking for an attorney to prevent foreclosure in New York? If you have fallen behind on your mortgage payments or have even received a notice of impending foreclosure, then it is vital that you take immediate steps to stall the action and potentially turn the situation around. There are many real estate legal strategies that can be used to prevent a foreclosure, but the key to success with any of them is to hire an attorney without delay. For example, I may be able to negotiate a loan modification with the lender, which would leave you with a lower mortgage payment based on a reduced interest rate or principal or an extended loan term. Similarly, it may be possible to negotiate a settlement that would allow you to catch up on your back payments; it may even be an option to engage in litigation over mortgage fraud or predatory lending.

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Law Offices of Alden B. Smith - New York Debt Collection Lawyer
Located at 151 N Main St, 1st Floor, New City, NY 10956.
Phone: (845) 481-2867. Local: (845) 634-7265.
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