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Foreclosure Defense

A legal process that takes place once the homeowner (borrower) has stopped paying his or her mortgage at which time the mortgage lender (the bank) will try to recover the balance of a loan from the borrower. The bank will force the sale of the asset used as the collateral for the loan. The foreclosure process can last anywhere from several months to a few years, the key is to act early and assess your options. New Day Homes NYC offers FORECLOSURE DEFENSE services that can help you STOP the foreclosure process on your home.


Loan Modifications

Take place when a home owner can no longer afford the monthly payments on their home. New Day Homes NYC will negotiate with the home owners mortgage lender in order to negotiate a permanent lower payment plan in order to save their home.

Loan Modifications


Short Sale

Short Sale

Also known as a Short Settlement allows for the new buyer to purchase a home below market value. In order for a Short Sale to be possible the lender (the bank) most approve the negotiation which will settle the mortgage for a lower amount than the full amount owed. The process begins with the negotiation of the sale price, a licensed appraiser is hired by the bank in order to provide live time market value data on the property in question. Once that is done, both parties come to an agreement based on the conditions, repairs and or specific situation based on the property, whether its livable, completely destroyed, or simply not well kept. The end result allows the homeowner to sell the home and gives them a fresh start within a couple of months once the short sale is reflected on their Credit Report.


Estate Sales & Probate

Estate Sales & Probate An estate sale occurs when a homeowner dies or moves to an assisted-living facility. Those who inherit the home get the proceeds from the sale. If the owner dies without bequeathing the home to someone or naming a person to sell it, the probate court appoints a relative or friend of the deceased to have what is called a probate sale.

Estate Sales & Probate 

Estate Sale and Probate



Chapter 7 Individuals, partnerships or corporations can file bankruptcy under Chapter 7. Most companies do not file Chapter 7 until they've been unsuccessful with a Chapter 11 filing, which lets them attempt to restructure the company and restore the ability to service debt. In Chapter 7, a company ceases operations and the appointed trustee liquidates the company's assets in order to repay its debts.


Chapter 11 In general, Chapter 11 is for businesses, not individuals.This does not mean it's off limits to individuals, but it does mean that filing Chapter 7 or Chapter 13 is often easier and more favorable for individuals. 


Chapter 13, also called a wage-earner's plan, lets individuals attempt to restructure their finances in order to repay their debts. Individuals, the self-employed and those operating unincorporated businesses can file bankruptcy under Chapter 13. Corporations and partnerships cannot.

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First Time

Home Buyers 

 3% down

New Day Homes NYC also offers services to aid first time home buyers through the process of buying their first home such as applying for a mortgage. Our goal is to make the purchasing experience of your first home as simple and quick as possible.

First Time Home Buyers 





A process that allows the borrower to obtain a better interest rate and term on the loan which will in turn help improve the terms and conditions of your initial loan.

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