New York Loss Mitigation Adjournment Order is a court order that delays the foreclosure process for a period of time and provides a homeowner with an opportunity to renegotiate the terms of their mortgage or loan. This type of order is available to homeowners in the state of New York who are facing foreclosure and who have been unable to renegotiate the terms of their mortgage or loan with their lender. There are three types of New York Loss Mitigation Adjournment Orders: 1) Prejudgment Adjournment Order; 2) Post-Judgment Adjournment Order; and 3) Final Adjournment Order. The Prejudgment Adjournment Order is issued prior to a foreclosure judgment and delays the foreclosure process for a period of time. The Post-Judgment Adjournment Order is issued after a foreclosure judgment and delays the foreclosure process for a period of time. The Final Adjournment Order is issued after a foreclosure judgment has been entered, and it is the final stage of the foreclosure process. This order allows a homeowner to stay in their home while they attempt to negotiate the terms of their mortgage or loan with their lender.
New York Loss Mitigation Adjournment Order
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