The number of homes in the foreclosure pipeline is increasing in states including New York, New Jersey and Connecticut. Home loans that were delinquent or in foreclosure rose in three states, in the year through Nov. 30, Lender Processing Services Inc. reported on January 6th.
Specifically, they rose 2 percent in New York, 7.4 percent in New Jersey and 5.2 percent in Connecticut, as mandatory judicial procedures delayed seizures.
Considering this, the property values are likely go further down in the coming months as deep discounted foreclosure houses are flooding into the market.
In these circumstances, if you are in a situation where you need to sell your property right now in NYC, it'd be so hard to do so.
However, there is always a way to sell your house FAST for Cash. As local investors, We Buy Houses in Any Condition for $CASH. For more info, please visit our main website at WeBuyHousesBronx4Cash.com
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