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Search Results for: foreclosure

Lessons From the Last Great Recession

...2008 when California enacted foreclosure moratoria and increased lender foreclosure costs as the financial crisis brought nearly 800,000 to the brink of foreclosure. California created policies to encourage mortgage modifications...

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The Fight Against Zombie Properties

...zombie foreclosures.” In the New York metro 8.9% of properties in foreclosure are zombie properties, meaning the owner has left the property while the home remains in the foreclosure process,...

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Working to Prevent HECM Foreclosures

The New York legislature has passed a bill that will require lenders to notify the state’s Department of Financial Services (DFS) and mortgagors of impending foreclosure actions against homeowners with...

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