What is Pre-Foreclosure in Syracuse, NY area?

So what is pre-foreclosure in Syracuse, NY area anyway? Many homeowners across America and Syracuse, NY area are facing difficulties making their monthly mortgage payments. When a homeowner misses 3-6 months of mortgage payments, the lending institution will issue a warning, notifying the homeowner to pay or lose their home. This period is known as “pre-foreclosure.” Banks … Continued

Understanding the Foreclosure Process in New York

Understanding the foreclosure process in New York is an important part of navigating your own home foreclosure. Before we dive in… What is foreclosure anyway? Foreclosure is the legal process that lenders use to take back property securing a loan, generally after the borrower stops making payments. Foreclosure is no fun.  But just know that it’s … Continued