Stop Foreclosure

End Forclosure Now

Foreclosure is a scary reality facing many homeowners on Long Island today. If you’re late on payments or miss some, you are starting on the path of foreclosure. Mortgage modifications advanced by the Government under Obama are helpful to some, but not everyone meets the criteria.

Foreclosure is the process of acquiring a homeowner’s deed and generally reselling the property immediately, not necessarily caring if it’s sold at market value. Mortgage lenders aren’t the only ones to start foreclosure proceedings. Municipalities can foreclose for tax and some contractors can too. Your rights in Long Island New York may be better for some, but you still have a lot to lose if you do not take steps to protect your interest as a homeowner.

In Long Island, New York, your homes are foreclosed as a judicial sale. The courts handle the speedy liquidation of your property. All creditors with a lien are paid off first. If there is anything left, you will get a share. Because they do not wait for market value, your proceeds are cut short or eliminated.

Some may ask why the entire house can be seized because of a few missed payments. Lenders accomplish this by making the entire amount of the mortgage due at once after they declare the loan in default. Most mortgages in New York have an acceleration clause. This clause enables your lender to have the legal right to demand the full amount of the mortgage due immediately.

HousesWanted.org has affiliations to select real estate attorneys who can stop the foreclosure process immediately and without expense. Then you can explore your best options. If you choose to sell, we are an all cash buyer for your long island property. Because we are not a buyer with a mortgage, you can rest-assured that you will be able to pay off your mortgage and get cash in your hands.

In fact you may be surprised to know that even owners with low equity can arrange to settle with the bank for pennies on the dollar.

About our Offers

You can take action to protect your interests. Homeowners stand to lose if they have their home sold at a bargain price. The best way to handle the situation is to cease foreclosure and sell the property yourself at a good price. Another way is to get a Mortgage Modification, but the banks can hold up your paperwork until it is too late. The trick is to legally stop the foreclosure on your home and then find a solid investor with hard funds who can give you a fair rate. Out of town investors do not have a love of Long Island and may not be flexible with terms. We have an established reputation in the community. Our network of attorneys can stop your foreclosure immediately. Then we can tender a fair, market-value all-cash offer on your property. Also, with us as a buyer, there is no 6% commission to pay. Remember, when you can’t afford to keep your home the creditors must be paid off first, and you the homeowner are last in line for a disbursement. That is why it is vital to get fair market value on your property. Make sure you get the money YOU need to start over.

No Risk or Obligation

We're always here to speak with you about your options when selling your Long Island house. If you wish to submit your property to us for consideration for purchase, we will make an offer to you and discuss the reasons behind the price. We are familiar with the market and this information can be of value to you whether or not you choose to sell to us or not.

There is no expense or obligation for our advice and consultation. We're happy to help out and as always learn more in person about the Long Island Housing Market.

This page was last modified on Thursday, April 29, 2010 06:48:25 PM