NYC Foreclosure Rate Double 2014

The Foreclosure rate of New York City is more than double what it was in 2014.  NYC boasts some of the most expensive real estate in the world, ranked seventh of the top ten real estate markets, beating out London, Beijing and Paris according to Statista.  But New York City also has a foreclosure rate…

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Protecting your Home

Your home should be your shelter, especially today.  Is your home ownership at risk due to threat of foreclosure?  A mortgage note is a legally binding contract, but sometimes it needs to be renegotiated.  IF you have defaulted or face default on your mortgage because your income level has changed, or an unexpected expense put…

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When Your Lender is Threatening to Take Your Home, Fight Back

When you miss payments on your mortgage you can go into default.  Your lender may then begin the foreclosure process. Normally, in NY your lender would send out an acceleration notice. demanding payment of the entire outstanding loan balance.   While this is frightening, if the homeowner can pay the missed payments, the bank may agree…

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