by admin | Apr 27, 2018 | & estate litigation, Foreclosures, Real Estate
Repeat Foreclosure Rates at an All-time High in NYC While evaluating 700,000 loans that had a balance of $135 billion at the time of modification, Fitch discovered skyrocketing re-defaults on loans modified after 2014, while the combined delinquency rate of mortgage...
by admin | Apr 20, 2018 | Foreclosures
Repeat Foreclosures in NYC at an All-time High: Re-defaults happen once a debtor returns to default once their payments were current again, are increasing since servicers are diving much deeper into the distressed debtors’ pool, adjusting mortgage loans for...
by admin | Apr 13, 2018 | Foreclosures
Repeat Foreclosures in NYC: According to Attom’s Senior VP, Daren Blomquist, the same property owners are stuck in properties that are distressed and there never seems to be a resolution and in New York, it is acuter than in any other market. With Foreclosure...
by admin | Apr 6, 2018 | Foreclosures
Repeat Foreclosures in NYC: Across the state, approximately 35,916 foreclosures or 73% of the 49,200 new foreclosure cases, for the previous 12 months were repeats. This is up from only 20% in 2007, as per Black Knight, which gathers records disclosed by servicers....
by admin | Mar 23, 2018 | Foreclosures
New York Foreclosure Attorney: Homeowners in New York have entered default mode — yet again. When it comes to repeat foreclosure filings, the city leads the nation. New York City’s repeat foreclosure filings numbers are much greater when compared to other big...
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