Our law firm helps to enforce and defend against several different aspects of foreclosure, including condominium lien foreclosures, mortgage foreclosure defense and litigation, and nonjudicial foreclosures. Our satisfied clients include condo and cooperative boards, private lending institutions and property owners.
As legal advisers in New York real estate foreclosures, we provide procedural guidance to clients prior to initiating a foreclosure action to ensure rigorous adherence to New York laws and statutes. Additionally, our firm will negotiate modifications and other alternatives to mitigate losses and reach a satisfactory solution between homeowners and lenders.
A judicial foreclosure state, New York requires lenders to sue the borrower in order to enforce their rights under the mortgage and note. If a lender wins the lawsuit, it obtains a judgment from the court, allowing it to sell the property at auction. Any funds received from the sale are used to repay the mortgage debt. The average New York foreclosure proceeding will take about 15 months. It is important to be responsive and take the proper steps throughout the whole process.
Dilendorf Law Firm handles all the details pertaining to the foreclosure process, including the appointment of receivers to maintain property and protect our clients’ interest during foreclosure, the supervision of foreclosure auctions, asserting the lienholder’s right to post-foreclosure surplus funds and handling any bankruptcy issues that might arise.
We know that foreclosure can be a very complicated process, especially if it is the first time dealing with a foreclosure action. Our experienced team will provide clear information and work diligently to determine the right steps for every legal situation. Our foreclosure lawyers are managers of the entire process and the properties involved, allowing them to understand all sides of the issues in a case.
The Dilendorf Law Firm represents borrowers and lenders in New York foreclosure litigation and all other aspects of residential and commercial foreclosures, from the simple to the complex. Skilled at working on cases with hundreds of millions of dollars at state, our firm handle cases involving major commercial properties, mezzanine loans, and multiple liens.
Foreclosure Process Flowchart:
Real Estate Foreclosures in New York
Dilendorf Law Firm
60 Broad Street, 24th Floor,60 Broad Street, 24th Floor,New York-New York,
The Dilendorf Law Firm offers legal services for our clients pursuing New York mortgage litigation, including litigation related to foreclosures. The attorneys at the Dilendorf Law Firm provide in-depth knowledge of the New York real estate landscape to walk our clients through the process of foreclosure.