How to Convince the Bank to Agree to a Short Sale If you are like many homeowners on the brink of foreclosure, you may have come to the conclusion that a short sale is the best alternative. But if you are “underwater” on your home, you need the bank’s permission before you sell. That’s because…
If you are like many other homeowners on Long Island and in the five boroughs, you may have heard the term “short sale” but you are not really sure what it means. Even if you know that a short sale means selling your home for less than the amount that is currently due on your…
Recent changes to New York City zoning laws will now permit many property owners in the five boroughs to profit greatly in developing neighborhoods. Under NYC Mayor Bill de Blasio, a huge rezoning plan is now in effect. The goal is to create affordable housing that accommodates people with moderate income and spurs economic development…
When you are facing foreclosure, selling your house in a short sale is often a good option. A short sale of your home is handled through a real estate agent just like any other real estate transaction. The difference is that you do not recoup enough to cover the remaining balance on your mortgage. The…
As a homeowner on Long Island or in the five boroughs of New York, you may feel that you have few options if you are threatened with foreclosure. Refinancing is usually not an choice, but in some cases the bank may agree to a loan modification. With a loan modification you may feel that the…
Homeowners struggling to meet their mortgage payments live in fear that the bank will initiate foreclosure and evict them. They sometimes ask for a loan modification to make their payments more affordable so they can remain in their home. However, a loan modification is not always the best alternative. Avoid Foreclosure because there’s often better…
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…
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…
