Distressed Properties and Brooklyn Short Sales

Bidding on Brooklyn Short Sales

Sometimes you’ll find a few distressed properties you feel are a great deal, especially in the short sale market in Brooklyn. After the housing crisis of 2008, many New York residents are looking for housing outside of areas in Queens, Staten Island and even Brooklyn. [Read more...]

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...]