Recent statistics from RealtyTrac show that the number of houses in foreclosure is up 18% in the last six months of 2006 as compared with the same period of 2005. But even worse is the fact that foreclosure filings in Brooklyn and Queens have doubled from last year.
Experts say lenders planted the seeds of [...]

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According to a January 28, 2007 story in the New York Post, New York City foreclosure rates are going through the roof. During 2006 Staten Island saw a 47 percent rise in foreclosures, Brooklyn and The Bronx rose about 25 percent each and Manhattan saw a 4 percent increase. Queens was the only [...]

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<p>The number of borrowers falling behind on their mortgage payments climbs to the highest level in five years, so the mortgage industry is trying to help homeowners try to avoid foreclosure.  This is according to a recent Wall Street Journal article I found here.</p>
<p>Bank of America Corp. is apparently allowing some borrowers with ARMs to [...]

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By Jay S. Fleischman, Esq.
Many homeowners faced with the possibility of foreclosure do nothing, trying to ignore the problem in the hopes that it will go away. That is not smart – after all, would you forget it if someone owed you a lot of money and just stopped paying?
When you are unable to [...]

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By Jay S. Fleischman, Esq.
When you fall behind on your mortgage, your world feels like it’s falling apart. It’s important that you take action as quickly as possible; if you wait too long, you may find your options to be limited.
You can choose to use Chapter 13 bankruptcy to catch up on your payments. [...]

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