New York Loss Mitigation Order White Plains only is a type of court order that is issued in the State of New York to help borrowers who are facing foreclosure on their mortgage or home loan. This order grants the borrower a period of time to resolve their financial difficulties and save their homes. During this period, the lender cannot start or continue with the foreclosure process. The types of New York Loss Mitigation Order White Plains only include: court-ordered mediation, loan modification, short sale, deed-in-lieu of foreclosure, and repayment plans. All of these options are designed to help the borrower keep their home and avoid foreclosure, while providing the lender with reasonable repayment terms.
New York Loss Mitigation Order White Plains only
State:
New York
Control #:
NY-BKR-366S
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PDF
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Description
Loss Mitigation Order White Plains only
New York Loss Mitigation Order White Plains only is a type of court order that is issued in the State of New York to help borrowers who are facing foreclosure on their mortgage or home loan. This order grants the borrower a period of time to resolve their financial difficulties and save their homes. During this period, the lender cannot start or continue with the foreclosure process. The types of New York Loss Mitigation Order White Plains only include: court-ordered mediation, loan modification, short sale, deed-in-lieu of foreclosure, and repayment plans. All of these options are designed to help the borrower keep their home and avoid foreclosure, while providing the lender with reasonable repayment terms.
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