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Real Estate

Foreclosure law change 4/1/2009

I have been told that we will be seeing a flood of foreclosures since the “stay” is coming up. To be frank, I haven’t done too much homework on this, but my understanding is that there are teams of lawyers working crazy hours to process all of this stuff.

Here is a decent gauge: NY HUD foreclosure list.

Select Erie County from the NY State Foreclosure list. On 3/31/2009 there are 10 properties listed. In the past there were probably about 20-40. Let’s see if this spikes.

By WNY Handyman

WNY Handyman has been renovating property since the mid 1990's. We have done a number of renovation projects over the years and often share our experiences or renovation techniques. We have been in the business of flipping for fun and profit and provide advice based on our experiences.
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