Tag Archives: new york

New Yorkers Warned Of Foreclosure Settlement Scam

USA Foreclosures 101

New York Atty. Gen. Eric Schneiderman issued an alert to his state’s citizens warning them of scammers trying to take advantage of the February (2012) foreclosure settlement reached between the states and five of the nation’s largest banks. The settlement provides millions of dollars in relief funds the states will be using to help distressed homeowners. However, according to Schneiderman the opportunity has led some individuals in New York State to attempt to steal from … Continue reading →

New Yorkers Fight Foreclosure With A Song

USA Foreclosures 101

Last April 16, 2012 the Bronx Supreme Courthouse opened for business as usual. On the docket were six foreclosure auctions scheduled to take place throughout the day. But as bargain hunters looking for a great deal began showing up at the courthouse they were greeted by a group of about 40 protesters who were trying to put an end to the proceedings by singing songs. Metro Focus reported on the musical protest in a very … Continue reading →

Bank Of America Introduces New Foreclosure Options

USA Foreclosures 101

There’s been a lot in the news recently regarding the relationship between foreclosed homes and the rental market. Attention has been focused on the rights of renters living in foreclosed homes as well as real estate investors purchasing foreclosed homes for use as rental properties. But Bank of America has entered the discussion with the announcement of a new program that could ostensibly turn current homeowners into renters if conditions are right. According to an … Continue reading →

New York Joins Other States To Move Foreclosures Along

USA Foreclosures 101

Frustrated by long delays and the seeming inability of mortgage lenders to complete the loan modification process, New York State’s courts are adopting new procedures that would allow judges to exercise more control over individual foreclosures. The measures are expected to help speed up the foreclosure process by forcing lenders to either modify loans according to the law or complete the foreclosure altogether. New York joins 19 other states taking similar measures to help bring … Continue reading →