Foreclosure

New Bill to Target New York’s ‘Zombie Properties’

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Law360 reports seventy-six municipalities across New York will be receiving grants to help fight the abundance of “Zombie Properties” popping up across the state. “Zombie Properties” are abandoned homes that are not being maintained during the foreclosure process. Since the housing crisis of 2008, New York has seen an increase of these properties across the state.

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Tips on Buying Distressed Homes (Foreclosed or Short Sale)

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To some individuals, the idea of buying a home in distress is a turn-off of sorts; however, the truth is, there are some real hidden treasures marked with the signs of "Foreclosure" or "Short sale," and many buyers do themselves a disservice by writing off these opportunities before giving them any thoughtful consideration.  Yet some have caught on to the great advantages that lurk around the corner when trying to find a home; curious investors, newly formed families and large companies seeking new headquarters, are all giving distressed properties a chance.

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