Should Hotels Be an Option after Foreclosure?

Those during the 2008 housing crisis had to find alternate living arrangements. Once their credit reports a foreclosure in  NYC , purchasing a home is out of the question. It’s difficult to rent an apartment as landlords run credit checks, are unsure of allowing someone with a foreclosure in NYC rent from them, and pay on time. So, hotels have been an option. It may seem strange and you think more expensive than renting an apartment, but could a hotel be an option for you?

No Credit Checks
Moving into a hotel requires no credit checks. You also have no application fees, high security deposits, nor HOA fees to worry about.

No Lease Commitments
A hotel does not require a lease commitment. In fact, you may be able to negotiate a discounted rate if you plan to stay three months or longer.

Utilities Are Included
This is where you really can save money. Hotels cover your utilities, including cable, internet, phone, electricity, and water costs. If you are used to working at home, another perk is that the hotel may have a business center. So you may have access to free faxing and copying services. This reduces office supply expenses such as ink, toner, and paper.

Hotels also are fully furnished. If you will be staying awhile, you can avoid high storage fees by selling off your own furniture and saving those funds.

Quick Packing and Moving Tips after Foreclosure

During the 2008 housing crisis, NYC residents were lost and confused. They could not concentrate on work, taking care of their family, and understand the entire foreclosures NYC process. Often, homeowners were in denial, leaving one important matter on the backburner – packing their home.

Usually, foreclosed homeowners aren’t prepared for the move and must downsize. NYC has expensive housing and the moving costs are expensive as well. If you have been thrown by a foreclosure in NYC process, and are looking at last minute preparations to move, here are 3 quick packing and moving tips while saving money in the process.

Avoid Cleaning
Instead of trying to clean your items and neatly arrange them, focus on categorizing your items. It’s an unorganized process, as you’ll have to worry about cleaning later, but it will make packing faster.

Make Two Piles
Make two piles in each room of your home. One pile should be items to keep and the other pile is items to sell. Whatever you can’t sell should be donated, of which you can use the write-off during tax time. Contact a charity to pick up your items to save time and focus on your move.

Packaging and Supplies
The number one rule in packing a foreclosures NYC home in a hurry, is that everything can be used as a transportation item. Boxes are handy, but avoid paying for one at all costs. Ask supermarkets and stores in the area if they can save boxes for you to pick up later. Use different color markers or stickers to mark your boxes. This saves you time of labeling each room on them.

Other great packing items include your laundry baskets, plant pots, and drawers. Line them with towels or clothes and pack your breakable items in them. Other items can be placed in garbage bags. Place all your clothing (hangers and all) on your bed and fold the sheets and tie the ends together. This will make organizing your new closet simpler.

Place food items in large coolers. Coolers are also great for transporting bathroom items like liquid soap, toothpaste, and bath wash. Stuff your pillowcases with pots and pans, picture frames, and shoes.