There are several ways to stop foreclosure in New York:
Contact your lender: Reach out to your lender as soon as you think you may have trouble making your mortgage payments. They may be able to work with you to find a solution, such as a loan modification or forbearance.
Seek assistance from a housing counselor: Organizations like the Homeowner Protection Program and the Making Home Affordable Program offer free counseling and assistance to homeowners facing foreclosure.
Consider refinancing: Refinancing your mortgage may help lower your monthly payments and make them more affordable.
File for bankruptcy: Filing for bankruptcy can temporarily stop a foreclosure while you work out a repayment plan with your lender.
Look into state programs: New York State offers several programs that can help homeowners facing foreclosure, including the Homeowner Protection Program and the Empire State Mortgage Assistance Program.
It’s important to act quickly and reach out for help as soon as you think you may be in danger of foreclosure.