NYC Premier Real Estate — Getting NY Homeowners Out Of Foreclosure and Out of Distress

Premier Real Estate NYC is bringing hope to New York homeowners

From 2009-2011, less than 8% of the new homes created city planners were designed for exceptionally low-income families. In addition to those New Yorkers looking to find housing, New York City holds one of the largest amounts of mortgaged apartment buildings in the country. Since the 2008 housing-crisis, investors jumped on the downward spiral, and managed to purchase entire neighborhoods, catching fantastic deals as costs dropped.

These investors were banking on the concept that rent costs would continue to rise throughout the housing crisis in New York City. The Urban Homesteading Assistance board is one of the most important organization in the city today, it offers help and provides information; however it has been quiet overloaded over the past few years.

Premier Real Estate NYC is another alternative for New Yorkers struggling to make sense of the housing crisis in New York City. The real estate company is joined by a legal team, which has petitioned for the housing rights for dozens of New Yorkers across the city. Offering a free consultation, Premier Real Estate NYC is bringing hope to New Yorker homeowners who are still feeling the affects from the 2008 housing-crisis. [Read more...]

The average cost of an apartment has jumped 44%

In most of the boroughs in New York City, Brooklyn is locked in a housing crisis. With a growing shortage of low-priced housing units, and rising rents, people across Brooklyn are still feeling the affects of the 2008 housing-crisis.

Despite the disastrous outcome of the 2008 housing-crisis across the country, New York City has seen rents skyrocketed since 2001, making life difficult for millions of New Yorkers, even before the crisis. The average cost of an apartment has jumped 44%, all the while prices for homes and apartments are also up 47%. Premier Real Estate NYC obtained this information through the New York City council.

Even as the United States began its recovery, prices continued to increase in places like Brooklyn, Bronx, Queens, Staten Island, and Manhattan. Watching the recent government shut down in 2013, and seeing a withdrawal from aid programs and government handouts, shows the delicate situation for millions of homeowners and renters. If there is no one to provide help and assistance, what will happen to people in struggle?

If millions of homeowners and renters were forced out of their homes, due to missed rent or mortgage payments, who will be there to provide advice and aid? Premier Real Estate NYC is one of a few real estate companies in New York City, which has offered its immediate services free of charge. [Read more...]

Filed Under: Uncategorized Tagged With: foreclosure nyc, real estate nyc, short sale nyc, Short sales NYC, The average cost of an apartment has jumped 44%

Not enough has been done to find solutions for homeowners after Hurricane Sandy

The amount of foreclosures in New York is rising as a result of Hurricane Sandy. Not only is money lacking to continue paying off the mortgage, but many of the homes in areas like, Howard Beach, Queens, Far Rockaway, Queens, and many areas in Staten Island, Manhattan Beach, Brooklyn, and the South Street Sea Port, are beyond repair. Homes that had a mortgage, which were destroyed in the hurricane, still owe money to the bank.

There has not been enough work done to find a solution to the hardships for homeowners, after Hurricane Sandy in Brooklyn, Queens, Lower Manhattan, Staten Island, and Long Island. With so many homes destroyed, homeowners need to look for new solutions, and alternative ways to handle their mortgage, and overall financial situation.

It is recommended that a borrower who still owes a significant amount of money on his or her mortgage, needs to initiate the conversation to find a solution. Don’t wait for the bank to contact you, or chase after you. Once the bank contacts the borrower looking for the past three months of fees, and back payments, he or she will only have a few weeks prior to the motion of foreclosure.

Since Hurricane Sandy, foreclosures throughout Brooklyn, Queens, Bronx, Manhattan, and Staten Island have shown the true power of the storm. With New York gearing up for another long winter, one has to wonder, what is being done for the thousands of homeowners who are still without concrete answers. The federal, and state government has done little to pressure banks in New York City to find more aid, and hardship programs for its customers. [Read more...]

Filed Under: Uncategorized Tagged With: foreclosure nyc, real estate nyc, short sale nyc, Short sales NYC, solutions for homeowners after Hurricane Sandy