Civil rights groups called Wednesday for a six-month moratorium on foreclosures resulting from high-risk loans given to people with shaky credit, arguing that lenders should help borrowers refinance their mortgages - or face lawsuits.
A coalition of advocacy groups said mortgage lenders should immediately halt foreclosures on subprime mortgage loans made at high interest rates to [...]

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“How long do I have?” is a question I am asked all the time.  My clients come to me in the hope that they will not need to file a Chapter 13 bankruptcy case and, instead, will miraculously find the money to bring the mortgage current.
That’s why they want to know how long they have [...]

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A foreclosure in New York can take anywhere from 7 months to a year, depending upon how quickly the court system works. Although a faster non-judicial method of foreclosure is available in New York, it is seldom used because procedures are sufficiently intricate to lead to potential title disputes for mortgage lenders.
Judicial foreclosure begins [...]

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By Jay S. Fleischman, Esq.
New York foreclosures are primarily handled in court and can take anywhere from 8 - 15 months. This means that you will typically have at least 6 months from the time the case is filed until the time the auction is held to sell your home.
The Lis Pendens
Before initiating the [...]

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