If you are one of the millions of Americans who have been swept up in the housing crisis you should be aware that you still have several options to avoid foreclosure. [Read more...]
The 2008 housing crisis is synonymous with predatory lending
September 10, 2013 by
Across the United States today are people in foreclosure. Some of these foreclosures are new, and others are based in the 2008-housing crisis. With such a large amount of homeowners in default from the 2008 sub-prime failure, many individuals have been waiting for years to find assistance from their lending institution, and local, and federal government.
The banking institutions, along with certain government agencies, have become inefficient in finding solutions for millions of desperate homeowners. Some homeowners have even begun the process of suing the bank that handed them their mortgage.
The 2008 housing crisis is synonymous with predatory lending. Many people today believe they were taken advantage of, and have decided to do something about it. There have been cases where homeowners have brought their lending institutions to court over faulty lending practices.
One of the most well known bank marketing schemes was the inconspicuous interest rate increase. Many banks in the United States raised people’s interest rates without consent from the homeowner. [Read more...]
If you were denied a modification on your loan…
September 10, 2013 by
Banks have foreclosed upon millions of houses since the housing crisis in 2008. Many of these individuals were victims of predatory lending at best, or bank negligence at worst.
States like Texas, New York City, and Florida, were hurt by the weak economy and, housing crisis, so the government decided to step in. The government since 2008 has accomplished a lot, but despite efforts, over 2 million homes remain in foreclosure.
In between the banks and government agencies are private companies and non-government groups seeking to help homeowners in foreclosure. One such company is Premier Real Estate NYC. Offering free consultations to those in New York City, Premier Real Estate NYC has helped many homeowners, and their families, climb out of foreclosure.
One angle offered to homeowners in New York is a loan modification. If you have not yet contacted your lending institution in regards to a loan you may want to consider this option. If you were denied a modification on your loan from your bank, you should contact Premier Real Estate NYC today to find out what other options are available to you. [Read more...]