Foreclosure can place a financial and emotional strain on homeowners and investors alike. Foreclosure is a complex legal process, effectively a lawsuit, which, if not handled properly, can result in the loss of property or in the loss of a significant investment. Whether you are facing the threat of foreclosure or need to pursue a foreclosure action, Sabrina Rabban, Esq. is a foreclosure lawyer that will provide comprehensive legal service for your needs.
What is Foreclosure?
Foreclosure is the legal process by which a lender seeks to recover the balance of a loan from a borrower who has defaulted on their payments. In New York, this typically involves a court proceeding, in which the lender files a lawsuit to obtain a judgment allowing them to auction the property used as collateral to satisfy the outstanding loan amount. Once the process is underway, the borrower is at risk of losing the property if they are unable to work out an adequate resolution with the lender or if they do not have a proper foreclosure defense lawyer.
Bringing a Foreclosure Action
If you are a lender, bank, or mortgage company looking to initiate a foreclosure action, the process begins with your foreclosure lawyer filing a lawsuit in the appropriate court. A foreclosure action in New York is a formal legal procedure that requires strict adherence to state-specific rules and timelines. The lender must prove that the borrower has defaulted on the loan and follow the necessary steps to obtain a judgment of foreclosure and sale.
Sabrina Rabban, Esq. can help you through every step of the foreclosure process, ensuring that the action is properly filed, all legal requirements are met, and that you are able to recover the outstanding debt through the sale of the property. We understand the complexities involved in bringing a foreclosure action and work diligently to protect our clients’ interests while navigating the court system.
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To speak with a foreclosure lawyer today, contact Sabrina Rabban, Esq. PLLC to schedule a free consultation. Fill out the form below or please call 516-518-4035. We provide real estate legal assistance in Nassau County, Suffolk County, Brooklyn, Queens and Manhattan. Take the first step toward protecting your home and your rights.