April 11, 2018
This morning, Mr. Barnes appeared in court and was admitted pro hac vice in a foreclosure case in Kings County (Brooklyn), New York. The court’s clerk advised Mr. Barnes that the County has over 8,000 active foreclosure cases with just three (3) Judges, and with more cases on the way.
Another attorney advised Mr. Barnes that literally thousands of new foreclosure cases will be filed in the coming months in Kings County due to the resetting of interest rates on numerous loans previously modified, which the homeowners will not be able to afford as the reset interest rates will substantially increase their monthly payments.
Many New York homeowners do not understand the foreclosure process in New York including the “FRP” (Foreclosure Resolution Part) procedures for attempting to settle a foreclosure case. Per previous posts, Mr. Barnes and his local NY counsel have and continue to be involved in assisting homeowners through this process and to help them save their homes from foreclosure.
Jeff Barnes, Esq., www.ForeclosureDefenseNationwide.com