It can be a scary proposition to face the repossession of a personal vehicle. New Yorkers face repossession when they fall behind on their car loan payments and are unable to make good on the debts that they incur to their lenders. The loss of a car can mean the loss of freedom for some, as well as new and difficult challenges regarding how they will get through their daily lives.
Even more significant than the loss of a car is the potential loss of a home. Foreclosure is the legal process through which a mortgage lender takes back a home for which the mortgage holder has failed to make payments. Foreclosure can turn good people out of the residences they considered their own and present them with difficult challenges for finding new places to live.
The Law Office of Ronald V. De Caprio understands that the loss of a car or a home is a significant setback in life. Aside from the personal problems it may cause in an individual’s immediate future, it can also cause significant damage to credit and financial health. However, there are legal options some individuals may qualify for that can help stop the repossession and foreclosure processes before they end in the loss of cars and homes.
If you are facing the potential repossession of your car or foreclosure of your home in 2016, it is never too early to start planning to address these significant legal issues. At the Law Office of Ronald V. De Caprio we attempt to help our clients devise a strategy to keep a car or a house and manage the financial problems that ultimately led to the threats of repossession or foreclosure.