Providing Competent Legal Guidance

Ramifications of Foreclosure in Massapequa

Help from Our Massapequa Foreclosure Defense Attorneys

Are unaffordable mortgage payments making it difficult to make ends meet? Are you constantly under stress because you don't know how you are going to afford your next mortgage payment? While all of the stress may make it may seem like walking away and letting your lender take your home through a foreclosure, this is not the ideal solution. There are other options available to you, and at James J. Quail & Associates, P.C., we are ready to help you understand those options.

Contact our Massapequa real estate attorneys at 516.246.2449 to learn more about ramifications of foreclosure today!

What Happens to You After a Foreclosure?

If the lender has taken your home in foreclosure in the natural flow of events, you expose yourself to the possibility of a deficiency judgment. This represents the difference between the amount of your loan and the amount the lender was able to sell the property for. Given the recent drop in home values through Nassau and Suffolk Counties, this could be a considerable sum. A judgment may result in the lender garnishing your wages or automatically taking payments from your bank account.

This could have numerous negative consequences, including:

  • Failure to qualify for future loans
  • Inability to qualify for credit cards
  • Excessively high-interest rates

How Our Firm Can Help You

At James J. Quail & Associates, P.C., our Massapequa real estate lawyers understand your concerns. We can assist you in dealing with the repercussions of foreclosure. As a foreclosure defense firm serving the Long Island area, we have been able to help homeowners mount effective defenses on predatory lending practices.

We have helped clients:

  • Obtain loan modifications that lower their monthly payments to something they can afford
  • Get reductions on loans they have been upside-down on to get mortgage payment reductions that reflect current property values
  • Avoid deficiency judgments

Contact our real estate attorneys in Massapequa to discuss the ramifications of foreclosure. Schedule your free 30-minute consultation today.

What Our Clients Are Saying About Us

  • “James is an excellent attorney. He is creative in his approach and his communication is all you could ever ask for. Highly recommend.”

    - Keith M.
  • “Communicates with clients. Listens and explains details in-depth. Wide range of knowledge. Always on time. Gives his clients 110% commitment.”

    - Lawrence G.
  • “Jim is an exceptional attorney! Detail oriented, excellent communication all around. I will use Jim repeatedly and refer him to everyone with confidence.”

    - Shah T.
  • “I was referred to James Quail by a friend and I can say it was the best referral ever. James and his staff are professional, responsive and most of all supportive.”

    - Former Client
  • “An exceptional attorney! Detail oriented, excellent communication all around. I will use him repeatedly and refer him to everyone with confidence.”

    - S.T.

Contact Us Today For A Consultation

No matter what your case involves, our firm understands you have already been through a great deal—physically, emotionally, and financially.

By taking a moment to contact our office, you can learn more about your legal rights and options.

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