foreclosure nyc

Do Short Sale Rumors have You Down? Here Are 4 Facts That Prove You Can Beat Foreclosure

February 9, 2014 by ernest

Do Short Sale Rumors have You Down? Here Are 4 Facts That Prove You Can Beat Foreclosure

When it comes to the housing and financial markets, there are so many people offering “the best professional advice”. The 2008 housing crisis has made NYC residents very nervous. They often started believing any and everything they heard, driving them to making hasty moves ending in major mistakes.

So from that, many negative rumors emerged regarding the process of foreclosures in New York City, as well as the short sale process. Well, here are the rumors laid to rest so you can make an informative decision if a short sale can help you beat the foreclosure process. [Read more...]

A Short Sale Prevents Foreclosures and Gives You Your Rights Back As a Seller

February 5, 2014 by ernest

A Short Sale Prevents Foreclosures and Gives You Your Rights Back As a Seller

Since the 2008 housing crisis, infomercials, radio ads, billboards, and many community presentations have opened homeowner’s eyes to see that their future is not doomed to a foreclosure. In fact, many specialists have worked in the real estate and loan mortgage industry for years and know how to deal with saving homeowners’ homes. They work with them to help them understand their options should they decide they just want to start over and not be held under water during such a tough time.

Unfortunately, the option of a short sale has received much negative publicity. One of the worst rumors is that sellers have, no rights, and little leverage when they undergo a short sale to prevent a foreclosure. That’s why it’s important to deal with a professional. They can get you on your way to a better future. [Read more...]

Filed Under: Uncategorized Tagged With: 2008-housing crisis, foreclosure nyc, Foreclosures NYC, premier real estate nyc, short sale nyc, Short sales NYC

How Do Loan Modifications Work?

February 4, 2014 by ernest

Understanding Loan Modifications to Avoid Foreclosure

If you have been afraid of joining the millions of Americans that have fallen into the foreclosure process, it’s time to act now. The foreclosure crisis has hit hard in New York City. Some homeowners are only starting to learn about their options now. Here are a few tips on understanding the loan modification process and why it’s important to work with a professional who is experienced in dealing with one. Going through hardships are sometimes out of our hands, and to be displaced because of it is a tragedy. Premier Real Estate NYC has helped hundreds of homeowners in New York City climb out of the foreclosure process.

What Exactly is a Loan Modification?
Simply put, a loan modification is a way to make a homeowner’s mortgage more affordable. Interest rates, late fees, the length of the loan, and other processes are put into place to help with the monthly payments.

Do I Need Documentation to Submit with My Loan Modification Application?
Yes. Your lender will go into more detail with you. However, some of the documentation you should expect to have included your home valuation are the following: W2’s, bank statements, federal tax returns, and paycheck stubs. You’ll also need to prepare a hardship letter.

Having all the necessary paperwork and completing the application is key to being approved quickly. That is why many NYC residents turn to a specialist like, Premier Real Estate NYC, to help them complete the process.

What Value Can a Loan Modification Specialist Bring to the Table?
A loan modification specialist will not only help you complete your application, but see you through the end of the process. Should you not be eligible, they can help you with other options, such as a short sale. [Read more...]

Filed Under: Uncategorized Tagged With: 2008-housing crisis, foreclosure nyc, Foreclosures NYC, premier real estate nyc, real estate nyc, short sale nyc, Short sales NYC