http://www.foreclosuredefenselawyer.com Just another WordPress weblog Tue, 15 Jul 2008 19:38:42 +0000 http://backend.userland.com/rss092 en New data released by PropertyShark.com shows that Long Island foreclosure rates are speeding along at a far higher clip than New York City.  Long Island foreclosures reached a one-year high in the second quarter of 2008, with 693 new auctions scheduled in the second quarter of 2008, 40% higher than ... http://www.foreclosuredefenselawyer.com/long-island-foreclosure-rate-twice-as-high-as-new-york-city/ Faced with a 150 percent increase in foreclosures since January 2005, Chief Judge of Judith Kaye has set up a pilot program in Queens to find out if a dedicated foreclosure court is necessary to handle these types of cases.  One part of the plan, which will be voluntary, is ... http://www.foreclosuredefenselawyer.com/new-york-foreclosure-court-proposed-what-does-it-mean-to-you/ A foreclosure lawyer is a rare find; up until recently, foreclosures typically went through without the consumer standing up for his or her rights.  But foreclosure defense has become a more crowded field due to the current tidal wave of foreclosures. So how do you choose a foreclosure lawyer?  Very carefully. A ... http://www.foreclosuredefenselawyer.com/how-to-choose-a-foreclosure-lawyer/ You can fight a foreclosure within the time period set by law (usually 20 days after you were personally served with the foreclosure Complaint, 30 days if you were served by mail or other means).  Once that time has passed, you are legally in default and your time to answer ... http://www.foreclosuredefenselawyer.com/can-you-fight-a-foreclosure-after-filing-for-bankruptcy/ The case of Indymac Bank, FSB v. Ross, Supreme Court, Kings County Index No. 24713/07 (January 15, 2008) began normally enough. Indymac filed a summons and complaint on July 6, 2007. The borrower failed to appear or answer, and Indymac asked the court to grant a judgment of foreclosure ... http://www.foreclosuredefenselawyer.com/mortgage-lender-must-have-ownership-of-loan-when-foreclosure-is-filed-holds-brooklyn-judge/ I ran across a story in the New York Post, by way of Brownstoner, that indicates Brooklyn foreclosure rates jumped nearly 27% in the first quarter of 2008. That may sound bad, but consider this - the foreclosure rate in the rest of the city has gone up between ... http://www.foreclosuredefenselawyer.com/brooklyn-foreclosures-rise-27/ According to a recent New York Daily News article, thousands of city renters being forced from their homes when the owner of the property falls into foreclosure. In fact, a recent study released by the New York University Furman Center for Real Estate and Urban Policy found that Brooklyn ... http://www.foreclosuredefenselawyer.com/brooklyn-renters-feel-the-brunt-of-foreclosure-crisis/ A recently released study discovered 70 percent of homeowners two months behind on their mortgages are not getting the assistance they should. The study released by the State Foreclosure Prevention Working Group, shows that only one in three homeowners were able to complete a workout scheme within 45 days. The study looked ... http://www.foreclosuredefenselawyer.com/new-york-foreclosure-help-not-forthcoming-for-the-majority-of-homeowners/ The current foreclosure crisis focuses largely on the subprime market, those downtrodden middle- and lower-class consumers who were suckered into the American Dream and sold homes clearly beyond their means.  But what of the affluent, those folks living in huge McMansions and riding around in expensive cars? A recent article focuses ... http://www.foreclosuredefenselawyer.com/foreclosure-rates-on-the-rise-for-jumbo-mortgages/ Reuters it reporting on the recent phenomenon of "walking away." It's what happens when you just pack up and leave the house before the foreclosure is finished. Increasing numbers of Americans are simply walking away from their houses and mortgages. Reuters claims that rapid house price falls in many ... http://www.foreclosuredefenselawyer.com/thinking-of-walking-away-dont-do-it/