PropertyShark just released a quarterly report covering first-time residential foreclosures in the city, and while the downward trend of first-time foreclosures continues, there may be a slight sign ...

With foreclosures on the rise, particularly in the outer boroughs, the distressed properties market is expanding and giving investors an opportunity to buy at a discount. But while foreclosures have ...

What does a Lis Pendens filing mean to a potential buyer? Looking at a building that propertyshark shows a Lis Pendens filing by the seller’s bank in December of ’08. What does this really mean? Is ...

A lis pendens begins the foreclosure process, often after a homeowner is 90 days’ delinquent. The foreclosure process takes as long as 18 to 24 months in the region. Some homeowners may try to ...