What If You’re Behind on Property Taxes Too?
What If You’re Behind on Property Taxes Too? Why It Matters? In Suffolk and Nassau Counties, tax liens can trigger foreclosure separately from your mortgage. It’s a parallel threat. Timeline 1 year late = lien is issued 2–3 years late = foreclosure by county Your home can be auctioned for taxes even if your mortgage […]
How to Sell a House With Code Violations or Repairs Needed?
How to Sell a House With Code Violations or Repairs Needed? What are code violations? On Long Island, violations can be issued for: Unpermitted work Broken plumbing/electrical Vacant or unsafe structures Overgrown grass or debris. Can You Still Sell? Yes. But many traditional buyers won’t touch homes with fines or city flags. That’s where as-is […]
What Happens If You Ignore Foreclosure Notices?
What Happens If You Ignore Foreclosure Notices? Why You Shouldn’t Ignore Court Mail Many homeowners feel overwhelmed and freeze when they receive a Lis Pendens or court summons. But ignoring these documents on Long Island doesn’t make the foreclosure go away it speeds it up. Here’s What Happens If You Do Nothing: You miss deadlines […]
Can You Sell a Home in Foreclosure on Long Island?
Can You Sell a Home in Foreclosure on Long Island? Yes — You Still Can Until the day your home is auctioned or repossessed, you generally retain the right to sell it. This is known as a preforeclosure sale and it’s very common — especially on Long Island where foreclosure cases may last months. Benefits […]
How to Get a Payoff Letter from Your Lender?
A payoff letter lists the exact amount you must pay to settle your mortgage — including missed payments, interest, and legal fees.
Selling a Foreclosure Property with an Existing HELOC
What’s a HELOC?
A Home Equity Line of Credit is a second loan secured by your home’s value — often used for renovations or emergencies.
How Much Does a Foreclosure Really Cost You?
Financial Costs
Late fees and legal fees
Property maintenance
Possible deficiency judgment
Can You Sell a Home with a Reverse Mortgage in Foreclosure?
Yes — you can sell a home with a reverse mortgage, even if it’s in foreclosure.
And you can sell whether the home has equity or not.
Should You Accept a Loan Modification?
What Is a Loan Mod?
It changes the terms of your loan — like lowering your interest rate, extending the loan length, or adding missed payments to the balance.
What If There’s a Second Mortgage?
What Is a Second Mortgage?
This is a second loan taken against your home’s equity — often a HELOC (Home Equity Line of Credit).
