New York bank foreclosures in the housing sector increased in September and in the third quarter. Almost 15,300 foreclosure notices were filed in New York in the August to September quarter.
A report released on 07/31/08 talks about existent loopholes in lending laws of New York, that unscrupulous characters of the mortgage industry have used to their benefit.
Despite the continuous concern over foreclosed residential property supplies, Western New York real estate is in good shape. Analysts reported that the commercial property market is doing well.
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