Am I Eligible For A Foreclosure Settlement Conference?
Generally, you are eligible for a Mandatory Foreclosure Settlement Conference if:
- The foreclosure action was commenced against you after February 13, 2010, OR
- Your case was commenced between September 1, 2008 and February 13, 2010, and involves a subprime, high-cost or nontraditional loan, and
- The property is 1-4 family home or condominium, and
- You occupy the property as your principal place of residence.
The court is required to schedule the mandatory foreclosure settlement conference within 60 days after you have been served with the foreclosure summons and complaint. Even where a settlement conference is not mandatory, you or your attorney may request one.
IMPORTANT: Please note that the scheduling of a foreclosure settlement conference does not relieve you of your obligation to respond to the plaintiff’s summons and complaint in a timely manner (see our earlier post “Foreclosure Summons and Complaint“).
As always, The Long Island Foreclosure Defense Law Firm of VAUGHN & WEBER, PLLC is here to assist you. We are conveniently located in the heart of Nassau County, Long Island, at 217 Willis Avenue in Mineola, NY 11501. Contact us at (516) 858-2620 to arrange a consultation with a foreclosure defense lawyer.