718-701-2729 jorge@nylitigators.com

Foreclosure Defense

User Rating: 0 / 5

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive

The recession and housing crisis over the past few years has resulted in millions of hardworking people losing their homes across the U.S. Without sufficient income, consumer defaults on home mortgages have become a regular part of the housing market, hitting lower-income neighborhoods especially hard.

The Law Offices of Jorge A. Vasquez understand that losing a home is one of the most devastating events a person or family can go through, both emotionally and financially. Their foreclosure defense aims to keep you in your home and help you obtain a mortgage rate you can afford.

Legally Stopping Foreclosure

When you purchase a home with a mortgage, you are signing a legally-binding contract. The lender does have the right to repossess the property if you fail to satisfy the contract terms by paying your mortgage payments on time. That does not, however, mean you should forfeit your home just because you are late with a few payments.

Light has recently been shed on the predatory practices of some lending companies. Mortgages from such companies are known to contain stipulations and rates that make it difficult for a buyer to build equity in their homes and get on the “right side” of a home loan, which is why the government has enacted several laws to help homeowners keep their homes out of foreclosure.

There are multiple means of halting a foreclosure and turning the tide in the buyer’s favor. These include:

  • Mortgage modification, which can lower your mortgage payment to less than 1/3 of your income
  • Chapter 13 Bankruptcy, which forgives other debts and allows you to keep your home and pay the back-debt you owe the lender
  • Loan forbearance, which gives you time to catch up on your debts so that you can resume paying your mortgage as normal

New York Foreclosure Defense Lawyers

The New York attorneys of The Law Offices of Jorge A. Vasquez provide a wide range of foreclosure defense options to those who are facing foreclosure in the New York City area. Their goal is to keep you in your home, while keeping your financial reputation as intact as possible.


If you are concerned about foreclosure, you are far from alone. Many people throughout New York, and the whole of the U.S., are in the exact same predicament. Falling behind on your mortgage payment is no reason to give up your house. Good legal advice, and a good defense, can help you stay in your home and settle your finances.

©2022 NY Litigators. All Rights Reserved. Webmaster: Webflink