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…
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…
Long Islanders and New York City residents are still feeling the effects of the housing crisis when real estate prices fell drastically. In 2016, one out of every 137 homes in New York State was in foreclosure, the 13th highest rate in the nation. To make matters worse, the 5-year increase in home values was…
