For almost a year, foreclosures in New York had been increasing. This trend was reversed this third quarter ending in September when filings for foreclosure in New York fell by 10 percent. By a new law, people in New York can work extra 90 days to keep their homes. However, similar laws implemented in other [...]

Queens is the epicenter of the foreclosure crisis in New York. Councilman Joseph Addabbo (Democrat) is trying to focus on a stalled bill that will address the problem of vacant foreclosed houses. Anjad Brijlall’s garden stands as a watered oasis in sharp contrast to the eerie vacant foreclosed houses in and around the street. Refuse [...]

Not having satiated its appetite with the houses of the middle and low-income group, foreclosures are now stalking elite neighbourhoods. On Greenwich Road in Bedford a ranch house with peeling paint and the looks of disrepair is very much out of place considering the locality. But foreclosures respect nothing. Broker Mark Boyland comments that there [...]

Taking into account the picture in Queens, foreclosure-housing woes seem to be related to greed rather than the race factor. Greed seems to have blinded many and nowhere more intensely than in Queens. This borough of New York has been worst hit by the raging foreclosure crisis. In August 2008 foreclosures here increased by more [...]

New statistics pouring in show that foreclosures are on the warpath scorning all relief measures. The housing market is getting worse without showing any signs of peaking. Across USA foreclosure postings increased by 8% in July from June of this year. Banks repossessed 77,295 houses – a rise of 183% from the previous year of [...]

It is a commonly believed myth that when buying New York foreclosures for sale, the property will come with a title that is clouded by judgments and liens. This only applies to pre-foreclosed and auction bought properties. If the lender has successfully bid for a property and become the new owner of the property, they [...]

The USA hunting industry is blatantly targeting foreclosure pets. It is their very nature to take aim at animals when they are at their most vulnerable. They seek out polar bears when ice floes are melting, nesting doves in September even after they have been protected for decades as well as protected antelopes in pens [...]

Foreclosures are no longer confined to the urban and metropolitan centres of USA but are spilling over to the rural countryside. Foreclosures are spelling more work for the villages. The code enforcement officers in Oswego and Montgomery are busy trimming lawns in vacant houses. It is straining their working power this summer. Till 31st July [...]