Losing your job could throw your entire life into disarray. If you have a mortgage to pay on an affordable Boston condo, your situation may seem even more frightening as you face losing your affordable home and serious damage to your credit. Foreclosure News

Investors purchased majority of affordable homes in 2017

October 26, 2018 admin

Nearly two-thirds of affordable homes were purchased by investors in 2017, according to a report released this week. That's nearly double the share since the foreclosure crisis and a sign that homeownership is increasingly unattainable for most New Yorkers, the study's authors contend. Foreclosure News

Flippers are using an end-around to kick tenants out of affordable housing. They need to be stopped

October 4, 2018 admin

A decade after the housing collapse crippled the global economy, there are still thousands of Californians who can't make their mortgage payments and lose their homes. Shrewd investors can buy these properties at auction for far below market value, make a few improvements and then resell to make a fortune. Foreclosure News

NJ could turn foreclosed homes into affordable housing under proposed law

September 24, 2018 admin

Foreclosures remain a significant problem in New Jersey, though not the crisis they were a few years ago, and lawmakers and the state judiciary last week advanced a series of ideas that could address the issue. , the latest version of legislation vetoed three times when Gov. Chris Christie was in office, to have a […]