There are many reasons why a homeowner in Long Island could be facing foreclosure, and many of these reasons are beyond the homeowner's control. For example, predatory lending played a major role in the foreclosure crisis, and many people could not anticipate that the...
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New York expands program aimed at avoiding foreclosures
Owning your own home is certainly the American dream, but some individuals in New York they may have found that factors outside their control have affected their finances, making it difficult for them to pay their mortgages. However, the state recognizes this problem...
Foreclosure activity going down in the U.S., report claims
The Great Recession took its toll on individuals in New York and across the country. The housing industry was especially hit hard, with individuals finding that their property had significantly reduced in value, in some cases falling below what it was originally...
Are there any options if one is facing foreclosure?
Although no homeowner wants to see their home foreclosed upon, some individuals in Long Island may be facing this prospect. Unfortunately, many instances of foreclosure are based on factors that the homeowner could never anticipate or are not the homeowner's fault....
Protecting your home from foreclosure
Each person's home is extremely important to them. Not only does a home provide shelter, but often has high emotional value and contains many memories. Therefore, it can be difficult when people are facing the loss of their home via foreclosure. Foreclosure can be an...
The Home Equity Theft Prevention Act and New York foreclosures
Individuals in New York often face of variety of hard financial decisions throughout their lifetime. Many residents can face difficult financial times that necessitate extreme actions. For example, many individuals may be searching for debt relief options that would...
How quickly can a foreclosure occur in New York?
For New Yorkers, their home can be a safe haven. Not only does provide shelter, but it is the source of many positive memories for most people. When financial problems threaten a person's home, that person can have a lot of different emotions. It is important for...
Legal options when facing foreclosure
Families in danger of losing their home, especially during the holidays and into the New Year, may be going through significant stress and strain. A number of home owners may not have expected home values to decline so rapidly leaving them unable to meet their...
How can foreclosure fraud be prevented by homeowners?
Encountering difficulty in making scheduled payments on a debt can be a stressful experience for New York homeowners. This is especially true for mortgages, as the inability to make agreed-to payments can cost a borrower their home. The process of a lender taking back...
How can bankruptcy help someone who is facing foreclosure?
There are some Long Island homeowners who face significant financial challenges, above and beyond their problems making the monthly mortgage payment. The unexpected loss of a job or the sudden onset of a medical condition can leave many people relying on credit cards...