4 Ways to De-Stress Your Family During Foreclosure

4 Ways to De-Stress Your Family during Foreclosure

Foreclosure in NYC is a difficult time for the entire family. Parents wonder how they will keep their family together and their next home. They are worried about what their friends, family, and co-workers will think. Children wonder what their friends will say and if they can keep all of their things. [Read more...]

Understanding How Liens Work in the Foreclosure Process

Understanding How Liens Work in the Foreclosure Process

One issue with foreclosure in NYC are liens. Everyone wants to be paid out. Unfortunately, these two processes involve getting much less than what is owed on the property, as well as what the property is worth. There are legal lien priorities of which an order is established as to which creditor is paid first. The most common lien against your foreclosure in will be considered the first, second and third mortgages, but there are others. [Read more...]

Understanding the Difference between Pre-Foreclosure and Short Sale Process

Understanding the Difference between Pre-Foreclosure and Short Sale Process

Are you a homeowner struggling with making payments on your home? Have you heard many real estate and mortgage terms and just want to know what it all boils down to?

Foreclosures NYC is a term that has many homeowners frightened since the 2008 housing crisis. With job loss, medical bills, and the cost of living rising, many homeowners are faced with this inevitable decision. However, there is actually hope as long as you as a homeowner are not in denial. [Read more...]