Can I buy a home after a short sale?

Yes, you can apply for a mortgage and buy a more affordable home after a short sale. A short sale gives you the chance to buy a more affordable home and get a fresh start in life approximately 2 years after it’s completed. Homeowners struggling with mortgage payments often decide that a short sale is…

I live in a neighborhood that is changing and developing. How can I benefit and get involved?

People who live in the 5 boroughs of New York who notice that their neighborhood is attracting more residents should know that recent changes in local zoning laws give them the opportunity to profit from the situation. In fact, homeowners may be able to remain in the neighborhood and live rent free for the rest…

Which is a Better Alternative to Foreclosure? Loan Modification or Rent-to-Own?

Which is a Better Alternative to Foreclosure? Loan Modification or Rent-to-Own?

As a homeowner, you take pride in your home and you probably have a family that needs a roof over its head. Unfortunately, you may find yourself in financial distress to the point where meeting your monthly mortgage payment becomes increasingly difficult. Maybe you feel threatened by the looming possibility of a bank foreclosure. For…

Stay in Control When You Are Faced with Foreclosure

Stay in Control When You Are Faced with Foreclosure

When you miss a mortgage payment and the bank tells you that you are at risk of foreclosure, things move quickly. Understanding your mortgage debt when faced with foreclosure is very important. You may get phone calls as well as official letters and demands for immediate payment to prevent the bank from taking your home and evicting…

Why a Loan Modification May Not Be your Best Option

Why a Loan Modification May Not Be your Best Option

Homeowners on Long Island and in the five boroughs who are struggling to meet their monthly mortgage payments can be proactive and find alternatives to a devastating foreclosure. However, choosing a strategy can be difficult. There are several options available, such as a Loan Modification, a Short Sale and just walking away from the house…