As Pre-Foreclosures Rise, Options are Available

August 24th, 2009 category: East End LI Foreclosures, Real Estate News

While our real estate blog is targeted to North Fork / East End / Hamptons of Long Island, New York home buyers and home sellers, the national epidemic of rising pre-foreclosures (those missing mortgage payments) prompts a reminder to many that help is available- but requires action!

The following website provides direction for those in a financial abyss: http://www.makinghomeaffordable.gov/

With all discussion of bail out money, how it’s going to be paid back, who received it, who didn’t, aside, the bottom line for those having difficulty in the current real estate venue is that there are programs set up to address the problem. The worst solution is to do nothing; proactive searches for an answer might assist, and permit you to keep your home.

DO NOT assume that bad credit precludes assistance; it doesn’t.

Know, if you reach out for assistance, that there are many, many people in exactly your situation.

While the east end of Long Island might see less need for such programs, the figures for Long Island lis pendens is rising. For those on the North Fork / East End / Hamptons that meet the criteria detailed on the site above, take the help being offered- it might keep you in your home.

If you are looking for a home or bank owned foreclosure for sale on the North Fork / East End / Hamptons of Long Island, please fill out the form below.

To search available homes for sale on the North Fork / East End Long Island or condos on the North Fork of Long Island, click “north fork homes”, enter your area of interest and any parameters, and click “go”- properties for sale include Riverhead, Aquebogue, Baiting Hollow, Calverton, Jamesport, Laurel, Mattituck, Cutchogue, Peconic, Southold, Greenport, East Marion, Orient, Orient Point, Westhampton Beach, Hampton Bays, Flanders, Southampton, Sag Harbor, East Hampton, Montauk, NY.

This entry was posted on Monday, August 24th, 2009 at 11:31 pm and is filed under East End LI Foreclosures, Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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