New York Foreclosures

Queens Real Estate Lawyer Can Help with Short Sale and Deed in Lieu Matters

Are you facing foreclosure threats on your home? There are a number of different ways to fight foreclosure and prevent significant damage to your credit and financial situation. It is essential that you seek the legal assistance of a Queens real estate attorney as soon as possible in order to begin preparing a defense to your situation and evaluate options that are available to you. While not always possible, there are many cases in which an attorney can look through contractual agreements to uncover any mistakes that were made during preparation that may unbind you from the agreement or nullify the contract.

Another option that you may have is a short sale of your home, or a deed in lieu. While both of these options mean giving up your home, they can leave your finances almost unscathed after foreclosure threats, and this can be a better option than foreclosure. A short sale will allow you to sell your home on the market for far less than its value in order to obtain enough funds to pay off the mortgage that you owe. A deed in lieu is a trade for forgiveness of the debt owed. Both of these transactions can prevent a foreclosure on your credit report, which is a tremendous advantage for you when you begin looking for a new home.

Let the Firm's 70 Years of Experience Work for You

Facing threats of foreclosure can cause a tremendous amount of fear and anxiety in your life, so you need to seek the assistance of a representative from Pollak & Slepian, L.L.P. as soon as possible. The firm has more than 70 years of combined experience that can be utilized in your case if you choose to work with them. Contact the firm to review your concerns with a Queens real estate lawyer today. We proudly offer our services to clients who reside in any of the five boroughs and the New York metropolitan area, as well as Nassau, Suffolk, and Westchester counties.