Individuals and families in New York who are facing financial challenges are usually looking for options: Can I increase my income? Can I trim my budget? Can I address my debt situation? The questions and answers are different for everyone, but one financial challenge...
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Stopping a foreclosure with a Chapter 13 bankruptcy filing
As a recent post here noted, many New York residents are still facing problems meeting their monthly mortgage payments, even as the national housing markets rebounds from the depths of 2007 and 2008. Thousands of people face the prospect of a foreclosure action, and...
What is the timeline in a foreclosure?
Although many New York residents were able to make it through the economic turmoil of the last decade in fair financial shape, the reality is that there are still many people who are struggling. All indications are that the national economy and housing markets are on...
What is a ‘judicial foreclosure’ in New York?
It is an unfortunate fact that, for many reasons, foreclosure rates in the United States have accelerated in recent years. For Long Islanders that have fallen behind on their mortgages, this means the stress of potential foreclosure proceedings, with a possible result...
New York program helps victims of foreclosure scams
Unfortunately, many people caught up in the 2008 financial crisis lost their homes to foreclosure. In fact, some homeowners in Long Island are still reeling from the crisis, or have their own personal financial crises that have made it difficult, if not impossible, to...
October sees significant uptick in foreclosures in New York City
Looking back at the nation's "Great Recession," some may remember that a significant number of individuals saw their homes enter the foreclosure process. These days, however, it seems as if the economy has rebounded and some may think the nation's foreclosure crisis...
Homeowners facing foreclosure should watch out for these scams
People in Long Island who have fallen behind on their mortgage payments may be desperate to find a way to avoid foreclosure. For some, trying to sell their home is their preferred option. However, they need to look out for scammers presenting them with deals that are...
Bill could help reverse mortgage homeowners facing foreclosure
For senior citizens in New York who are struggling financially, getting a reverse mortgage on their home might seem like the answer to their financial challenges. However, what they may not know is that even with a reverse mortgage, their home could still be...
Foreclosure numbers are falling, but not for all in New York
The 2008 financial crisis was an economically tough time for homeowners across the United States, with many of them facing foreclosure on their homes. While the foreclosure rates have since gone down in many states, the Mortgage Bankers Association reports that New...
New initiative in New York City may help those facing foreclosure
While the nation's foreclosure crisis peaked a number of years ago, there are still many homeowners in New York who are facing foreclosure, and may be wondering if there is any way out of their situation. In fact, for some homeowners, relief may be on its way. New...