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Lots of government officials have promised to help homeowners facing foreclosure, but New York City is finally offering homeowners something of real value: free legal aid to help them negotiate a ...
Legal Services NYC (LSNYC) is a nonprofit organization that provides free civil legal assistance to low-income people in New York City. The community-based organization serves more than 100,000 clients annually. [ 2 ]
The New York Legal Assistance Group (NYLAG) is a non-profit organization that provides free civil legal services to low-income New Yorkers. Its services include direct representation, case consultation, advocacy, community education, training, financial counseling, and impact litigation .
Over the last two decades, civil legal aid services have shown to save the homes of more than 6,000 tenants in New York according to the 1996 study by the Association of the Bar of the City of New York. [54] Because of the fragmented nature of civil legal aid in the US, cost benefit analyses are often specific to a given State.
In particular, filing for bankruptcy will cause an injunction to go into effect, known as an automatic stay. An automatic stay will stop foreclosure proceedings as long as bankruptcy remains in ...
The report also highlights the states with the longest average time to foreclosure, with Louisiana having the highest average of days in process (3,686 days), followed by Hawaii (2,597 days), New ...
This figure falls in the higher spectrum of foreclosure frequency. As of August 2014, the foreclosure rate was 33.7%, 1.7% up from the last year. The rise in foreclosure activity has been most significant in New York and New Jersey, the two most densely populated areas in U.S. Closely following them is Florida. [36]
Key takeaways. If you’re facing foreclosure, the right of redemption gives you a legal pathway to keep or regain your home, by paying back the entire outstanding loan, plus interest and fees.