Time frames can vary dramatically by lender and by county, but according to New York State’s Department of Financial Services, the length of time from first missed payment to auction is typically around 15 months.
That may seem like it gives you a long time, but keep in mind that after 90 days of missed payments, your lender will begin the legal action for foreclosure.
Things get harder to remedy the further along you go. You don’t have to put up with the calls and the threatening letters.
If you’re behind on your mortgage payments and need help getting your lender to work with you, call the Queens foreclosure lawyers at Zelenitz, Shapiro & D’Agostino at 718-599-1111 for a free consultation.