It seems that the number of people who are due to lose their home in court is on the rise all across the country, this is especially true in New York even after Empire State lawmakers changed its foreclosure laws in 2022.

According to the 1st quarter National Foreclosure Report from ATTOM, foreclosures on residential homes have risen significantly in the first 3 months of 2023 and the trend is for it to increase even more.

Nearly 100,000 foreclosures have been filed nationwide through March 31, 2023; this is reportedly the 23rd consecutive month with rising rates and New York is among the states with the most filings. In addition to New York State being in the top 5 states with forslcoures, New York City has the unfortuantely distinction of being the city with the most foreclosures in the nation.

MORE: More Than 1000 Evictions Have Happened In Western New York

Foreclosure prevention advocates from around the state have been ringing alarm bells about a pending foreclosure crisis due to fallout from the COVID-19 pandemic and the large amount of poeple who lost significant income during the height of the health crisis.

New York On The Verge Of End Foreclosure Assistance for Homeowners

New York is one of the few states in the country that offers free foreclosure prevention servives to residents who have fallen behind on thier mortgages. However, according to the most recent drafts of the state budget, those services look like they're going to be eliminated.

If that does happen, more than 300,000 New Yorkers would lose access to services that have been helping them stay in their homes and nearly 90 different foreclosure prevention programs across the state would end almost instantly.

New York State Senator Sean Ryan held a public event in February 2023 to talk about what would happen if these important services are ended by the State.

Top 10 Complaints From New York Consumers

The top complaints range from price gouging of infant formula and children’s medication, flight cancellations, and the dramatic increase in gasoline prices.

5 Things New York Should Ban But Never Will

It seems like New York State is banning everything nowadays, but here are a few things that should be added to the list

These Counties Have The Most HEAP Recipients Per Capita In New York

HEAP usage across the state has increased in the last few years.

More From Lite 98.7