Pre-foreclosure is the stage after a homeowner falls behind on mortgage payments but before the foreclosure process is completed. During this time, homeowners may still have options to protect equity and avoid foreclosure.

For general foreclosure help in New York
https://ag.ny.gov/resources/individuals/home-and-property/foreclosure-assistance

Yes. Many homeowners sell before foreclosure in New York to avoid further legal action, protect credit, and preserve any remaining equity in the property.

For HUD housing counseling
https://www.hud.gov/topics/avoiding_foreclosure

The foreclosure process in New York can take several months or longer depending on the court process, lender actions, and the homeowner’s response timeline.

In many cases, yes. If the home is sold before foreclosure is finalized, the mortgage can be paid off and the foreclosure process may stop.  Even more importantly, if your home is up for auction, well past the Pre-foreclosure status, a contract to purchase your home, can possibly stop the auction as well.   

For CFPB mortgage / foreclosure help
https://www.consumerfinance.gov/ask-cfpb/category-mortgages/

If no action is taken, the foreclosure process may continue, which can lead to added legal stress, damage to credit, and possible loss of the home. If you want more information and Homeowners: Foreclosure Bill of Rights, Click that link to the left.  

The first step is to understand your timeline, your mortgage status, and your equity position. Acting early usually gives homeowners more options and more control.  Whatever you do, don’t do nothing, as taking action sooner can make a big difference.