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Foreclosures

Comptroller says high home foreclosure level persists

ALBANY — 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, ...

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New program helps avoid foreclosure

The state is launching its New York State Mortgage Assistance Program, or NYS MAP, which will provide small loans to families struggling to avoid foreclosure. The loans will help families secure mortgage modifications to stay in their homes. Details were ...

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Woman thankful to keep her home

Catherine Lennon, center, in blue shirt, during a celebration at her Ravenwood Avenue house earlier this month, is jubilant after learning it’s hers once again. Mike Murphy

It’s been years since Catherine Lennon’s house was foreclosed on, even though she was making mortgage payments at the time. It’s been two years since a group of protesters formed a blockade and successfully staved off her eviction. It’s been ...

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Law will help homeowners in legal limbo

Consumer attorney Rebecca Case Caico knows of a foreclosure complaint that was filed in 2009, and the homeowner’s first settlement conference wasn’t  held until 2013 — four years later. That’s one example of the thousands of inactive foreclosure cases across ...

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RealtyTrac: Repossessions declined in June

LOS ANGELES — Fewer U.S. homes entered the foreclosure process or were repossessed by banks in June, the latest sign that the nation is shaking off its housing bust hangover. Lenders initiated the foreclosure process on 57,286 homes last month, ...

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Banks fall short helping struggling homeowners

WASHINGTON — A new report says homeowners trying to avoid foreclosure must wait too long for their loan modification applications to be reviewed by some of the nation’s top mortgage servicers. Such delays can plunge borrowers deeper in debt. Joseph ...

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Attorney general sues HSBC over foreclosures

ALBANY — New York’s attorney general is suing HSBC Bank USA and HSBC Mortgage Corp., claiming they’re failing to set timely foreclosure settlement conferences required by state law. The law says mortgage lenders who sue to foreclose on residential homeowners ...

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RealtyTrac: US home repos fell in March

LOS ANGELES — The number of U.S. homes repossessed by lenders last month fell to the lowest level in more than five years, the latest evidence that the nation’s foreclosure crisis is abating amid an improving housing market. While some ...

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