What Happens During a Foreclosure in Staten Island, NY? A Step-by-Step Breakdown
If your home is in foreclosure, you need to act NOW. Foreclosure moves fast, and by the time most homeowners realize they’re in trouble, they’ve already lost their best options. In this guide, we’re going to break down exactly what happens during a foreclosure in Staten Island, NY, so you can understand the process and—most importantly—how to stop it.
However, this blog only scratches the surface. To get the full breakdown, watch my full YouTube video—I’ll link it below.
Step 1: It Starts With Missed Payments
The Staten Island, NY foreclosure process begins as soon as you miss one mortgage payment. If you fall behind on payments for 30 to 90 days, the bank will start sending warning letters. At first, these may just be reminders, but soon enough, New York law requires lenders to send a 90-day pre-foreclosure notice—also called a lis pendens (which means litigation is pending).
At this stage, the lender is officially warning you that foreclosure is coming. But this does NOT mean it’s too late—you still have options.
➡️ What You Can Do Right Now
✔️ Contact me immediately to explore your options.
✔️ Watch my video on lis pendens (I’ll link it below).
✔️ Don’t ignore this notice! Waiting will only make things worse.
Step 2: The Lender Files a Foreclosure Lawsuit
New York is a judicial foreclosure state, which means the lender must take you to court to foreclose on your home. If you don’t respond, the bank will fast-track the process, making it harder for you to fight back.
Once the lawsuit is filed, you’ll be served with a Summons and Complaint, and you have 20–30 days to respond. Ignoring this will make things worse!
➡️ What You Can Do Right Now
✔️ Respond to the lawsuit (this buys you time and helps fight the foreclosure).
✔️ Explore loan modifications, forbearance, or short sale options.
✔️ Schedule a consultation with me so we can create a plan before it’s too late.
Step 3: Mandatory Settlement Conference
Once the foreclosure lawsuit is filed, New York law requires a settlement conference where you and your lender must try to find a solution. This can include:
- Loan modification (changing the terms of your mortgage).
- Repayment plans (catching up on missed payments over time).
- Short sale (selling the home before foreclosure).
If no agreement is reached, the foreclosure continues and moves toward the next, more dangerous stage.
➡️ What You Can Do Right Now
✔️ Prepare your documents for the settlement conference.
✔️ Consider all your options—don’t let the bank rush you into foreclosure.
✔️ Work with an expert who understands foreclosure negotiations (that’s me).
Step 4: Foreclosure Judgment & Auction Date Set
If no solution is reached, the court grants the lender permission to foreclose on your home. The lender then schedules a foreclosure auction, which typically happens on Thursdays in Staten Island.
This is where things get dangerous—at this stage, stopping the foreclosure becomes extremely difficult.
➡️ What You Can Do Right Now
✔️ Check if your house is already scheduled for auction (I can help with that).
✔️ Explore last-minute options (short sale, loan modification, or legal action).
✔️ Act FAST—this is your last window to stop the sale.
Step 5: The Foreclosure Auction in Staten Island, NY
On auction day, investors gather at the courthouse to bid on your home. These people don’t care about your situation—they’re here to make money. They’ve likely already driven by your house, checked out the property, and are ready to take it.
At the auction:
✔️ If an investor wins the bid, you must vacate.
✔️ If the bank takes the property back, it becomes real estate owned (REO) and they’ll evict you before selling it.
At this point, your options are nearly gone.
Step 6: Eviction & Final Consequences
Once your home is sold at auction, the new owner (or the bank) will begin eviction proceedings. You may receive a notice to vacate, but if you don’t leave voluntarily, a sheriff or marshal will forcibly remove you—sometimes with only a few days’ notice.
Meanwhile, your credit score will be destroyed for seven years, making it harder to rent, buy, or rebuild financially.
The Bank Has a Plan to Take Your Home—Do You Have a Plan to Stop Them?
If you’re in foreclosure, DO NOT wait until the auction. By then, it’s too late.
🔴 I’ve helped homeowners stop foreclosure even at the last minute—but you have to act fast.
➡️ What You Can Do Right Now
✔️ Schedule a free consultation with me (link below).
✔️ Watch my full video on YouTube to see real auction footage and learn how to stop the foreclosure.
✔️ Call me ASAP—the sooner we talk, the more options you have.
Watch My Video for the Full Foreclosure Timeline
This blog gives you the basics, but in my full YouTube video, I break down each step in more detail, show you real foreclosure auctions, and explain exactly how you can stop foreclosure—even at the last minute.
🎥 Watch the full video here: New York FORECLOSURE Process Timeline
🚨 Time is running out—call me now for help.
☎️ Free consultation link: Zoom Meeting
📢 Subscribe to my YouTube channel for more foreclosure help!
Don’t let the bank take your home without a fight. Let’s figure out your options today.
Watch Next: What Is a Lis Pendens in Foreclosure: https://youtu.be/Ds9-9MbXia4
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Esphir Popilevsky NY & NJ Licensed Real Estate Broker NY: Supreme Home Sales, Inc. and NJ: DreamLife Realty 44 Robin Ct. Staten island, NY 10309 O: 718.689.4737 / Direct: 917.579.4455 supremehomesales@gmail.com https://www.supremehomesales.com Subscribe to this channel https://www.youtube.com/c/EsphirPopilevsky
