Category Archives: Distressed property

Westchester County NY updated information on Distressed Property Information. Get the latest News on Foreclosure Prevention.

Westchester County Strategic Default

Interesting research from PEW Local Trends that goes into great detail about Strategic Defaults.. What will be surprising to many is the dramatic increase in the number of homeowners willing to walk away from their underwater home. Just 3 years ago when we started reporting on this phenomena similar studies were done that resulted in…






Short Sale Myths in Westchester County NY

Short Sale Myths A short sale can be an excellent solution for homeowners who must sell and owe more on their homes than they are worth. Unfortunately, a number of myths about short sales have developed, and it is important to understand the reality of this process should you find it meets your current needs….






FREE FORECLOSURE PREVENTION WORKSHOP!!!

DO YOU KNOW ANYONE WHO: • Is facing foreclosure? • Is behind on their mortgage? • Has to sell their home but can’t? • Has lost their job? • Is feeling overwhelmed by all of the above? Join us to get the FACTS, the TRUTHS and the INSIGHT you need to protect yourself. WHEN: Tuesday,…






Loan Distress!!

Watch This For Financial Distress Information






Obama Cracks Down On Loan Mods!!!!






Short Sales vs Foreclosures – The Real Deal

I thought this was a great article on describing the benefits of not going into a foreclosure. read more… Editor’s Note: Short sales and preforeclosures are two home types that constitute a growing subset of bargain homes that also includes properties referred to as “distressed” and “auction” homes. With many Americans facing the very real…






First Time Buyer Tax Credit

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7 Tips for Westchester County First-Time Home Buyers

A year after the financial collapse of 2008, the housing market is very different than it was before the foreclosure crisis.   Here are seven bits of wisdom from economists and financial planners for anyone contemplating a home purchase today: * Old-fashioned basics are more important than ever. The safest way to purchase a home…






Option Arms Set to Reset in Westchester County NY

Payment option adjustable rate mortgages are about to go through major resets, sending federal and state regulators scurrying to withstand a new wave of defaults and foreclosures. The impending changes were a major topic of conversation when the state magistrates met with Obama administration officials to discuss strategies for combating mortgage fraud. “Payment option ARMs…