New Stop Foreclosure Opportunity In New York

New legislation was passed in New York to help delinquent homeowners prevent foreclosure. This new law requires lenders to notify delinquent homeowners 90 days before proceedings begin. It also requires a settlement conference between troubled borrowers and the lender.

This is a great opportunity for homeowners who are thinking ahead. Stop foreclosure programs like the one offered by http://u-stopforeclosure.com will prepare borrowers for this conference so they have the best chances of successfully obtaining a workout.

This new law caused foreclosure filing to temporarily drop due to the 90 day notice requirement. However, these numbers are expected to increase in the coming months.

While New York has some of the more borrower friendly foreclosure laws and now with the requirement of a mandatory settlement conference New York really gives the borrowers an opportunity to present their financial picture and resolution to the lender in front of a Judge. This is truly the time the borrower can shine if they go prepared.

The Stop Foreclosure in 7 Easy Steps program offered through http://u-stopforeclosure.com shows you what the lender typically needs to see, helps you prepare your financial picture for successful resolution with the lender, helps you get a better handle on your budget and walks you through stopping foreclosure in 7 easy steps.

Take advantage of this mandatory conference by going prepared!