Even though the amount of foreclosures has decreased over the past year, the unemployment rates, and bankruptcy cases, and underemployment rates have not subsided. Many New Yorkers find themselves in situations that have no safe end in sight. Many people are defaulting on credit cards, loans, mortgages, medical payments, and more. Homeowners across the country are struggling to pay, and are also struggling to find help, and assistance from their local state municipalities.
Premier Real Estate NYC provides assistance to New Yorkers living in, Brooklyn, Manhattan, Queens, Staten Island, as well as, Westchester county, Long Island, and more. If you are interested to find out if there is an assistance program that you can join, or if you are interested in other financial series, such as loan modification, or short sale contact Premier Real Estate NYC today.
According to CNN, “August’s initial foreclosure filings fell 44% to 55,575, just below the 56,063 that were recorded in October 2005. The foreclosure crunch began in summer 2006, at about the same time that housing prices hit their peak.” “In August, for example, the number of homes repossessed by lenders rose 6%, compared with July, to 39,277. But that still represents a drop of 25% year-over-year, and is more than 60% below the peak of repossessions in September, 2010.”
Although speculators may be floating the idea that the housing crisis is coming to a close, millions of Americans are still suffering from a bank foreclosure, or are starting the foreclosure process. With a lack of coordination between the federal government and state level, many banks are unable, or unwilling to lend a hand to borrowers.
If you are one of the millions of people who are looking for solutions to your financial situation, please contact Premier Real Estate NYC today.