Queens Foreclosure Settlement Conferences

Queens Foreclosure Settlement Conferences Can Save Your Home

New York law requires mediation to assist borrowers to avoid foreclosure. Queens Foreclosure Settlement Conferences allow borrowers a face-to-face meeting with their lender. Homeowners can also benefit even if they can’t afford to keep their homes.

What Are Queens Foreclosure Settlement Conferences?

Queens Foreclosure Defense

Typical Queens foreclosure settlement conferences are a meeting between you and your lender. Additionally, the settlement conference provides an opportunity to work out a deal with your lender.

You and your lender try to negotiate a way for you to keep the home. You may also be able to negotiate a Cash-For-Keys deal or a Deed-In-Lieu of foreclosure. These two options are especially relevant if you have to give up the property. 

Potential outcomes of a settlement conference include:

  • loan modification, or
  • forbearance agreement, or
  • short sale, or
  • deed in lieu of foreclosure.

Read more at MFI-Miami

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