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Every Cloud Has a Silver Lining – A Primer on Surplus Proceedings for Foreclosure Prevention Advocates

Kristi Khughes November 07, 2018

A home lost to foreclosure may not be the end of the process for some homeowners. If the home is worth more than is owed on the mortgage, the owner of a foreclosed home may be entitled to surplus monies arising upon the sale of the mortgaged property. With real estate values appreciating in many communities, this is an important tool that should not be overlooked. This webinar, taught by advocates who have recently concluded a successful surplus proceeding, will walk advocates through the governing statutory provisions, the mechanics of prosecuting a surplus proceeding, and will offer practice tips to those getting ready to handle a surplus proceeding for the first time.

Trainers: Ayana Robertson, Deputy Director, Brooklyn Legal Services
Melissa Ysaguirre, Senior Staff Attorney, Brooklyn Legal Services
Moderator: Jacob Inwald, Director of Foreclosure Prevention, Legal Services NYC

Materials:

PowerPoint, DOF Forms, Sample Motion Papers, Statutes