What Is The Community Restoration Fund?

As outlined in the newly enacted RPAPL 1308, the Community Restoration Fund (CRF) is a mechanism utilized by the State of New York Mortgage Agency (SONYMA) implemented to help distressed homeowners stave off foreclosure. CRF will purchase defaulted mortgage notes from lenders and offer affordable and sustainable mortgage modifications to... Read More »

Can I Save My Home By Doing A Short Sale?

No. A common misconception amongst homeowners is that their home could be saved through a short sale. An accurate understanding of the true meaning of a short sale is necessary to dispel such misbeliefs. A short sale is when a homeowner’s lender/servicer agrees to the sale of a homeowner’s property... Read More »