Foreclosure pain spreading in Lower Hudson Valley [New York]

Foreclosure pain spreading in Lower Hudson Valley [New York]

A home foreclosure would rank on anyone’s list of most traumatic financial experiences, right up there with a job loss, sky-high medical bills or an IRS notice for back taxes.

The pain of losing a home is hitting hundreds of people in the Lower Hudson Valley, as lenders seek to recover what they can from customers who fell behind on payments.

In Westchester, lenders began foreclosure proceedings on 527 homes during the first three months of the year. That’s a 39 percent increase over the first quarter of last year.