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4 Things to do if You Are Upside-Down on Your Mortgage in New York

Whether you overpaid for the property in a bidding war, you’ve fallen behind on mortgage payments, or property values have dipped, being upside-down on your mortgage or owing more than the current market value is a less-than-ideal situation for homeowners. If circumstances force you to sell your house due to foreclosure instead of waiting out … Continued

Traditional Sales vs. Short Sales And Foreclosures in New York

Home sales usually fall into one of three main categories: traditional sales, short sales, and foreclosures. For buyers, each has pros and cons, though generally speaking the cheaper properties are short sales and foreclosures. But if you’re a buyer, you need to keep in mind that these properties are usually cheaper for a good reason. … Continued

Stopping the Foreclosure Process: A Guide for New York Homeowners

Stopping the foreclosure process of your New York home can be difficult, but not impossible. Dealing with the banks, negotiating terms, and stressing over your mortgage can feel completely unbearable, but luckily you have lots of options available to you. Foreclosure is more common than you might think and can affect millions of Americans every … Continued

How to Sell Your House During Bankruptcy in New York

If you own a home when you file for bankruptcy, it becomes part of the bankruptcy estate, the property or assets you own. In October of 2022, there was a twenty-seven percent increase in chapter 13 bankruptcy filings over the previous year. Bankruptcies, including all chapters, total a seven percent increase overall, which correlates strongly … Continued

What Homeowners in New York Can Expect During the Foreclosure Process

If you’re concerned about your property going into foreclosure due to circumstances beyond your control, the optimum scenario would be to work with your lender for a resolution before things go any further. However, going through the foreclosure process can be made easier when homeowners understand what lies ahead, so read on as we explore … Continued

5 Tips for Siblings Dealing With Inherited Property in New York

Have you inherited property in New York? Sadly, without proper forethought, you may suddenly face life without your parents, who have left their property to all of their children without a plan in place, which can be quite a chaotic experience. Dealing with a sudden whirlwind of paperwork and details during such an emotionally difficult … Continued

How To Price Your Inherited Home In New York For Sale

If you’ve inherited a property and you’re planning to sell it, make sure you read this blog post for 3 tips about how to price your inherited home in New York for sale… Did you inherit a property that you’re now thinking about selling? While an inherited property can be a wonderful gift from a … Continued
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