home mortgage News

The foreclosure crisis persists in New York, even worsening in some suburban and upstate areas, the state comptroller reported Monday. Filings against homeowners unable to make mortgage payments spiked after the housing bubble burst in the 2008-2009 recession, according to …

New York has an estimated 15,000 homes that have been abandoned by owners after receiving foreclosure notices. With no one taking care of the properties they often fall into disrepair, hurting surrounding neighborhoods and putting a drain on local governments. …