If you have taken a loan to buy a house but are behind in terms of payments, then the firm which provided the loan to you typically wants to take over that house. If that happens, you might need to engage a short sale attorney New York.

The process of the firm wanting to take over your house is called foreclosure. It is a legal issue where the bank wants to collect its debt that yo are owing it. When you took the loan on the house, you would have signed a note and mortgated the property against the debt. That note is your promise to pay back the debt. The mortgage is the lien against the property and is the collateral backing up your promise to pay.

When you are unable to pay up, the bank starts what is called as the “foreclosure proceedings”. It will serve a legal summons on you. You will have a few days to anwer the complaint.

To answer the complaint, you also need to have your own foreclosure attorney in Forida or New York. If you don’t answer it, yu will be held in “default”. If you default, the bank can get the court to move for relief demanded in the complaint, which is foreclosing on the home and sell it at a public auction to raise the money required to serve the loan. Hence, if there is a summons and a complaint, you must answer it.

Hence it is important that you engage an experienced attorney such as Johnny The Lawyer who has more than 12 years of experience in this field of foreclosures who can help you out of the problems that might arise because of the foreclosure proceedings. With reasonable fees, he will help you to find the right solution.