Lis Pendens, often called a notice of default, is the first filing made in a foreclosure action.
In New York, when you are three mortgage payments behind, your mortgage lender will make a Lis Pendens filing, a public statement that you are in default. Technically, you are being sued by your mortgage lender for the missed payments.
Once lis pendens is filed and you have received a summons and complaint, a court will schedule your settlement conference with the lender within 60 days.
You must also respond to the summons and complaint, and be prepared to make your case in court.
An experienced foreclosure attorney can help you understand your options and fight for you in conferences and the courtroom.
Call the foreclosure defense team at Zelenitz, Shapiro & D’Agostino today at 718-599-1111 for a free consultation.