Did your debtor just buy a home? New York home sales up in November

New York state home sales during November rose from last November, according to the New York State Association of Realtors. If your debtor has recently acquired a home in New York, contact them to inquire about paying their debts. If a debtor has the ability to put a down payment on their home, they can afford to pay their debts, too. For debtors living in an apartment, if you can obtain their lease terms and you find it ends in the next few months, find out if they plan on investing on a new home thereafter. Because the economy is recovering and the unemployment rate is high, home sales have been weak the past couple years. However, this means that home prices have dropped, making it an approachable investment for some fortunate Americans. Duncan R. MacKenzie, CEO of NYSAR, said in a statement that the November New York state home sales report was an encouraging sign, even while it was a slight decline from October. "The November data show a continuation of median sales price stability across New York State as the statewide median sales remained on par with October and dipped only slightly from a year ago," MacKenzie said. "The seasonal nature of the housing market across our state typically results in a slowdown in sales starting in the fall and this year was no exception. Sales activity traditionally remains slower through the winter months, and barring any dramatic change in economic conditions, we anticipate this will be the case into early 2012." If your debtor has failed to provide you with their new address following the acquisition of their new home, don't assume they are purposefully neglecting you. Buying a home is an exciting and stressful endeavor and an individual may have forgotten out of simple forgetfulness. Once you have found the new address of the debtor, you can contact them via email, postal mail or phone. Regardless if the debtor continually ignores you or if they're an astute payer, do not abuse them by calling them multiple times per day. You may be in violation of the Fair Debt Collections Practices Act and could be subject to a fine by the U.S. government.