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Judgment of Foreclosure and Sale Form New York State

Judgment of Foreclosure and Sale Form New York State

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[Music] what is the foreclosure process in New York the bank must send you certain pre foreclosure notices and then file a summons and complaint in the court the entire case can take one year or more you have twenty days or more to answer the summons depending on the method of service the answer may have defenses and counterclaims residential homeowners will usually be given a chance to apply for a loan modification or other resolution at a foreclosure settlement conference if your mortgage is not modified the bank will usually file a motion for summary judgment this is like having a trial all on papers your attorney can help you oppose this if summary judgment is granted the court will appoint a referee to compute the amount due and the bank will file a motion for a final judgment if final judgment is granted the bank will schedule a sale date and your property may be auctioned you may have remedies to prevent this you may be able to defeat the bank or settle and save your home don&am

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