This video explains what happens in a foreclosure after the settlement conference, and the foreclosure becomes active again.
What is it about your Staten Island foreclosure case that has gone so quiet for months, just to come alive again? The video above explores what can happen once you conclude your settlement conference and outlines the normal progression of a foreclosure case in New York. I will also outline why the next step in this process most likely won’t be an auction, and explain how lenders are able to move this process along by obtaining an order of reference, a referee’s calculation, and then finally a judgment of foreclosure and sale. sale.
Understanding the Silence and Sudden Activity in Your Foreclosure Case
If you have trouble with making your mortgage payments and get confusing notices from the courts, just because the courts don’t write back or communicate with you (even if they say nothing), it does not automatically stop your case. Once a case is filed as a foreclosure proceeding in New York State, then there will be continued filings by both parties in addition to further judicial action which may take place in the court before a final judgment can be entered. The reason this video is important to homeowners on Staten Island and all over New York is to provide them with an understanding of what occurs after the foreclosure settlement conferences end and how having knowledge of when these events occur is still important.
This video is for general informational purposes only and does not constitute legal advice. I am not an attorney. Every foreclosure case is unique, and deadlines, defenses, and options are dependent on the specific facts of your situation. It is highly recommended to consult with a qualified foreclosure attorney or legal professional in New York regarding your specific case.
- 00:00 Why Your Foreclosure Case Suddenly Moved Again
- 01:49 Why The Case Felt Quiet For So Long
- 02:42 What Changes After Settlement Conferences End
- 03:28 What The Bank May Do Next
- 05:04 Can You Still Stop The Foreclosure?
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