Foreclosure Settlement Conference Intake Form - New York

Foreclosure Settlement Conference Intake Form is a legal document that was released by the New York Supreme Court - a government authority operating within New York.

FAQ

Q: What is a foreclosure settlement conference?
A: A foreclosure settlement conference is a meeting between the homeowner facing foreclosure and the lender to explore alternative options for resolving the foreclosure.

Q: What is the purpose of the foreclosure settlement conference?
A: The purpose of the foreclosure settlement conference is to provide an opportunity for the homeowner and the lender to reach a mutually agreeable resolution to avoid foreclosure.

Q: Who can request a foreclosure settlement conference?
A: Homeowners facing foreclosure in New York can request a foreclosure settlement conference.

Q: How can I request a foreclosure settlement conference?
A: You can request a foreclosure settlement conference by submitting a completed Foreclosure Settlement Conference Intake Form.

Q: What information is required on the Intake Form?
A: The Intake Form requires information about the homeowner, the property, and the mortgage, including contact information, loan details, and financial information.

Q: What happens after I submit the Intake Form?
A: After you submit the Intake Form, the court will schedule a foreclosure settlement conference and notify you of the date and time.

Q: Who attends the foreclosure settlement conference?
A: The homeowner, the lender, and their attorneys (if applicable) are required to attend the foreclosure settlement conference.

Q: Can I bring someone with me to the foreclosure settlement conference?
A: You may bring a support person, such as a housing counselor or attorney, to the foreclosure settlement conference.

Q: What are the possible outcomes of a foreclosure settlement conference?
A: Possible outcomes include a loan modification, repayment plan, or other agreement that allows the homeowner to avoid foreclosure.

Q: Is participation in a foreclosure settlement conference required?
A: Yes, homeowners facing foreclosure in New York are required to participate in a foreclosure settlement conference if requested by either party.

Q: Are foreclosure settlement conferences free?
A: Foreclosure settlement conferences are generally free, but homeowners should confirm any associated costs with their attorney or housing counselor.

Q: What happens if I don't attend the foreclosure settlement conference?
A: If a homeowner fails to attend a scheduled foreclosure settlement conference, the court may proceed with the foreclosure process.

Q: Can I request a foreclosure settlement conference more than once?
A: If a previous foreclosure settlement conference did not result in a resolution, homeowners may request another conference under certain circumstances.