What is the Statute of Limitations for a Foreclosure Action in NYS?

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What is the Statute of Limitations for a Foreclosure Action in NYS?

If you are currently facing foreclosure on your home, or you believe you are going to be soon, there is a very good chance you have a lot of questions on your mind. One of those questions may be how long it takes to bring a foreclosure action on someone’s home. Please continue reading and speak with our Rockland County foreclosure defense attorney to learn more about the statute of limitations for foreclosure actions in New York State and how our firm can help you through every step of the legal process ahead. Here are some of the questions you may have:

What is a statute of limitations?

Essentially, the statute of limitations is the amount of time that one entity or person has to take legal action against another party. Generally, the statute of limitations starts upon a certain triggering event.

What is the statute of limitations for foreclosure actions in New York State?

The statute of limitations for foreclosure actions in New York State is, generally, six years, which means that your lender will have no more than six years to take an action of foreclosure against you.

When does the statute of limitations for foreclosure actions start?

In many cases, the triggering event for the statute of limitations on an unpaid installment is when the default occurred. However, in certain courts, the statute of limitations will begin each time someone missed a payment. In most cases, when it comes to a full loan, the statute of limitations will begin once the loan is due.

How Our Rockland County Foreclosure Defense Attorney Can Help You

If you are currently facing foreclosure on your home, or you believe that you soon will be, the most important thing you can do is speak with a knowledgeable Rockland County foreclosure defense attorney who can analyze each aspect of your case and determine the best path forward. There are various alternatives to foreclosure, and you may have more options than you may think. Additionally, if our firm determines that your lender took action against you after the statute of limitations has passed, we may avoid foreclosure from the start. If you have any additional questions or you are ready to get started, please do not hesitate to speak with our knowledgeable firm today. We are here to help in any way we can.

CONTACT OUR EXPERIENCED ROCKLAND COUNTY FIRM

Here at The Law Offices of David M. Katz, P.C., we understand how frightening the prospect of losing your home due to foreclosure can be. For this very reason, our experienced attorneys have dedicated decades of our professional careers working to help those facing foreclosure stay in their homes and move on with their lives. Contact our firm for the experienced, compassionate guidance you deserve and need. 

How Do We Fight Against Foreclosure?

The Law Office of David M Katz, P.C. has extensive experience helping New Yorkers save their homes from foreclosure. Foreclosure itself has a wide range of impacts that can be avoided with the help of our firm. It is time to get the relief you deserve. Contact us today.

Loan Modification

You may be eligible to save your home by adjusting your mortgage. Every residential foreclosure lawsuit must go to the Foreclosure Settlement Conference to see if you qualify for a loan modification. We can represent you.

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Loss Mitigation

Loss mitigation stops foreclosure in its tracks, requiring your lender to assess your financial ability to see if you qualify for a government or internal bank loan modification. Having an experienced attorney is invaluable.

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Mortgage Litigation

You may be facing an illegal foreclosure, and it may stem from the terms of your loan, or much more. Our law firm is ready to explore every potential defense on your behalf.

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