Get independent help promptly
Keep every lender letter and court document, and note the dates received. Contact your mortgage servicer and an independent housing counselor or attorney to understand the status of your loan and any pending case. New York DFS lists homeowner assistance resources, including the Homeowner Protection Program. If you want to remain in the home, say so plainly when seeking help. A sale should be compared with the alternatives that fit your circumstances.
Establish what a sale must cover
Ask for an up-to-date payoff figure through the appropriate lender or closing professional, rather than using the balance on an old statement. Have your attorney identify other claims, taxes or charges that need attention at closing. Compare the proposed sale price with the complete transaction picture. If proceeds may be insufficient, involve the lender and counsel before relying on a sale plan; a buyer cannot independently waive somebody else’s debt.
Work backward from real deadlines
Share known deadlines with your attorney and the proposed buyer immediately. Ask which steps are still required for title, documents, access and closing, and which parties control them. Do not assume that accepting an offer pauses legal proceedings. An achievable timeline needs the relevant professionals’ input. Keep copies of written agreements and continue responding to official notices while you evaluate a transaction.
Evaluate the offer without pressure
Ask for the price, conditions, costs and proposed closing date in writing. Compare what you would receive after obligations are addressed, and make sure you understand what happens if closing is delayed. Take the documents to your own attorney before signing. Our role is to discuss a purchase; a housing counselor and your legal adviser can help assess the wider options and consequences for you.
BEFORE YOU DECIDE
Your questions, answered.
Will contacting you stop foreclosure?
No. An inquiry, property visit or offer does not stop proceedings or extend a deadline.
Can I explore keeping my home?
Yes. Contact your servicer and a qualified housing counselor or attorney to discuss your available options.
Where can I find independent help?
New York DFS maintains homeowner assistance resources. Its page also points to the Homeowner Protection Program hotline at 855-466-3456.
Can you promise closing before an auction?
No. Any timing depends on the property, title, required approvals and the actual legal schedule. Seek legal help promptly.
What if I owe more than the proposed price?
Have your attorney and lender review the shortfall and possible paths before committing. A proposed purchase does not eliminate that balance by itself.