foreclosure new york city

How Your Neighbor’s Foreclosure Home is Affecting Your Homes Asking Price

March 10, 2014 by ernest

How Your Neighbor’s Foreclosure Home is Affecting Your Homes Asking Price

Has your neighbor gone into a foreclosures NYC and it seems since then there have been fewer inquiries on your home? Have you been getting a few low-ball offers that seem to be extremely insulting? Even foreclosures NYC homes that are not directly in your block, but in the area can have a grave effect on your homes asking price.

Abandoned Properties

Unfortunately, the longer a property sits as abandoned, the lower the potential value to your home. Think about potential homeowners driving by seeing an abandoned home. The yard is unkempt, the windows are boarded, utilities are disconnected, and it may bring squatters into the neighborhood. The closer the foreclosures NYC homes are to your home for sale, the worse it may be. So in turn, if you have a close property, you may feel you need to lower your homes asking price to attract buyers. [Read more...]

Is it possible to bounce back from a foreclosure?

March 5, 2014 by ernest

Is it possible to bounce back from a foreclosure?

Going through a foreclosure in NYC is a stressful point for everyone in the home. You can always try loan modification programs through reputable foreclosure specialists. However, if there are no common terms reached with the lender, you may be forced into a foreclosure. After it’s said and done, you must pick yourself back up and bounce back from a foreclosure.

Start Budgeting And Saving

You already had problems meeting your monthly obligations. So, work on setting yourself a budget. If this doesn’t work, there are free credit counseling programs that can assist you. They can also assist you with working something out with your creditors to give you room to breathe on making affordable payments. [Read more...]