Short sales NYC

Finding help one year after Hurricane Sandy

November 22, 2013 by ernest

There is great fear, after Hurricane Sandy, in areas throughout Brooklyn, Queens, Manhattan, Staten Island, Westchester County, and even the Bronx, over a new wave of foreclosures since the storm.

Some of the neighborhoods, like, Howard Beach, and Far Rockaway, Queens, many areas in Staten Island, Manhattan Beach, Brooklyn, and the South Street Sea Port, have been nearly destroyed. Many of the property owners are at a total loss. Some neighborhoods in Brooklyn, and Staten Island already fell victim to the 2008 housing-crisis, and were watching foreclosures throughout the borough rise. After Hurricane Sandy hundreds of thousands of New Yorkers remain without answers on their property.

Further damaging the chances for homeowners to strike a deal with their bank was the government shutdown in 2013. It sounds like the perfect storm; between a slumping economy, a high national unemployment average, Hurricane Sandy, the government shutdown in 2013, and a surge in foreclosures, where can homeowners go to for concrete answers on their home, and personal finances.

Premier Real Estate NYC is located in Manhattan. The company has helped dozens of victims of the storm find solutions to their hardship. Many homeowners in Brooklyn, Queens, Bronx, Manhattan, and Staten Island, have searched for answers from their respective lending institution. [Read more...]

The bank will relentlessly pursue the homeowner

November 21, 2013 by ernest

In a foreclosure, you will have an opportunity to plead for an exemption from the foreclosure, and you will be able to show evidence that supports your claim. However, if you have been negligent, and have not responded to the numerous bank notifications, you may be involuntarily removing yourself from the chance to explain your side of the story.

At this point of the foreclosure process, the court may grant the bank the ability to sell your property. If the borrower has failed to communicate with the lending institution, the court may issue the foreclosure, and award a judgment in favor of the bank, giving the bank the legal ability to sell the property.

If the borrower has not yet been served with a judgment, Premier Real Estate NYC may be able to stop the foreclosure. After the first three mortgage payments are missed, the foreclosure process will be right around the corner.

It is imperative that the homeowner seeks professional real estate help, or look for city programs that will give temporary aid. Premier Real Estate NYC has helped dozens of homeowners in New York City steer clear of foreclosure, and find a long-term solution to their mortgage.

Without the assistance of a city housing program, or a company like Premier Real Estate NY, the borrower will be destined for disaster. The legal team of experts, and real estate professionals, that make up Premier Real Estate NYC, has given hope to hundreds of New York City homeowners. [Read more...]

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Time is not on the borrower’s side

November 20, 2013 by ernest

One of the strengths of Premier Real Estate NYC is its robust offering of legal resources for borrowers in New York City. Premier Real Estate NYC provides a free legal consultation for homeowners who are either nearing foreclosure, or have already entered the foreclosure process.

If you live in in areas like Red Hook, Brooklyn, Mott Haven, Bronx, Corona, Queens, and other areas in Manhattan, and Staten Island, Premier Real Estate NYC will work in your defense to negate the foreclosure.

Premier Real Estate NYC will provide a free consultation session, and will help you organize your paperwork, and bank information. Time is not on the borrower’s side. People who have already been notified of a pending movement through the court system need to act fast.

If a judgment is issued, the bank will be in its full legal right to sell the property in order to reclaim the amount of money owed on the loan. If the homeowner is ill prepared and does not seek professional help, the foreclosure may close within a matter of weeks.

Homeowners that purchased their home prior to 2008 have been treated differently than borrowers who purchased before the 2008 housing-crisis. Premier Real Estate NYC has worked with homeowners throughout New York City. The company has worked with dozens of banks to find adequate solutions for both, the lending institution, and the borrower. [Read more...]