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Real Property Law § 265-b is intended to protect individual borrowers who have mortgages secured by a one to four family owner-occupied residence, and who are in danger of being foreclosed because of one or more defaults under the mortgage that entitle the lender to...

Filing a Chapter 7 Bankruptcy can be an option if you are in the midst of a foreclosure action.  Bankruptcy is a federal procedure for dissolving/discharging debts, or in some cases paying debts on a schedule. The United States Constitution authorizes Congress to enact “uniform laws” related to the regulation of...

           If a borrower is behind on his or her mortgage payments, he or she may be eligible for several “loss mitigation” options.  One of those options is what is called a “deed in lieu of foreclosure” and it will be presented by the bank to...