Step 1 requires a filing within three business days after mailing a 90-day pre-foreclosure notice and is designed to capture the most relevant information. This Residential Foreclosure Actions Consumer Bill of Rights provides guidance to homeowners facing foreclosure in New York.If you believe that your home is no longer affordable and have exhausted all other options, you may consider a "Deed-in-Lieu of Foreclosure. Visit the Mortgage Foreclosure Prevention webpage to download an application or fill out the online Advising Intake Form. When you ask for a foreclosure statement, the existing lender gives the total dues, to be paid within a particular date. Among the most prominent features of the current housing crisis has been an unprecedented jump in the incidence of mortgage delinquencies and foreclosures. Prepare accurate and complete forms. Sign all forms and contact the local HUD Office regarding any questions in completing the forms. 6. Negotiate with your lender to reinstate the mortgage and or modify the terms of the loan. Find out what options might be best for a particular situation (i.e.