Frequently Asked Questions

• What is foreclosure?
• How can Greenblatt & Agulnick, P.C. stop foreclosure?
• Do I have to act quickly?
• What makes Greenblatt & Agulnick, P.C. different from other companies offering their services?
• Do I have enough time to stop foreclosure?
• What if I can no longer afford my home? Can Greenblatt & Agulnick, P.C. still help me?

Q: What is foreclosure?
A: Home foreclosure is a process by which a lender regains a property which they have financed. Typically, this is because the borrower or homeowner is behind on loan payments and can't catch up. Unfortunately, this is often due to circumstances beyond a homeowner's control. When the lender forecloses on the homeowner, the homeowner must move out of the house, therefore, losing all possession of the property and jeopardizing any possible equity that the homeowner may have in the home. There is a time frame of how long a foreclosure process can take, pursuant to the law of the stage where the property is located.

Q: How Does Greenblatt & Agulnick, P.C. Stop Foreclosure?
A: Our law firm specializes in resolutions of mortgage delinquencies or home foreclosure claims on behalf of you, the homeowner. We perform a legal analysis of your situation and work with you to determine your best strategy. We review your lender's loss mitigation policies and to make sure that we give you the best service within the context of your situation. By working with you and your lender, we can tailor a resolution to meet your specific criteria and financial circumstance.

Q: How long do I have to act?
A: Time is always of the essence when you are behind on house payments. Every day that passes makes it that much harder to negotiate an agreement with your lender that you can live with. The home foreclosure process can take anywhere from a few weeks to many months, depending on your state law and the method of foreclosure your lender chooses to use.

Q: Why is Greenblatt & Agulnick different from the other companies who have contacted me offering help?
A: There are an unfortunate number of predatory companies whose first priority is not saving your home. Unlike a reputable law firm, some of these companies may actually be interested in buying your home at a deep discount, operate out of a telephone bank in some other state, or make impossible promises just to take your money. You will be represented by a licensed attorney and not a telephone operator claiming to be a "specialist".

Q: Do I have enough time to stop foreclosure?
A: There is hope to stop the foreclosure up until the actual sale. If a date for the sale of your house has been scheduled, then you need to act right away. In some cases it is possible to stop a next day sale but this is not the norm and many banks or lenders will not do it. The best solution is to act now before the process progress too far.

Q: What if I just can no longer afford to make the payments for my home under any circumstance? Can you still help?
A: Yes. If selling your home is something that you are sure you want to do, we can often help to obtain the lender authorization for a short sale or a deed-in-lieu of foreclosure. A short sale is when the lender agrees to take less than the actual payoff amount of the mortgage.