Repeat Foreclosures in NYC at an All-time High:
Re-defaults happen once a debtor returns to default once their payments were current again, are increasing since servicers are diving much deeper into the distressed debtors’ pool, adjusting mortgage loans for homeowners with a bad credit score and a number of previous unsuccessful alterations, states Fitch rating agency.
Foreclosure proceedings have become inundated with regulations that change between jurisdictions. Now more than ever it is important to have a foreclosure attorney on your side who keeps up with the newest regulations and knows how to work within the New York Legal System to best benefit their clients. Our foreclosure attorneys have experience working through the maze of regulations that is the foreclosure process.
Taroff & Taitz, LLP represents mortgage servers, mortgage lenders, and other entities in the foreclosure of commercial and consumer loans. Contact Taroff & Taitz, LLP today, our expert attorneys are ready to assist you with all of your foreclosure needs.