Long Island Distressed Housing Report July 2011
August 5, 2011 by admin · Leave a Comment
Tweet The Long Island real estate market has seen its share of lumps during this turbulent housing crisis. I want to emphasis the word “crisis”. There are still many homeowners out there trying to sell their own home or using discount brokers to “save on the commission”. I’ve got news for you, in this market, [...]
Pending Bank Approval
May 23, 2011 by admin · Leave a Comment
Tweet So you want to know what pending bank approval means? When we’re talking about short sales, you may come across the term “pending bank approval” and then you’ll scratch your head and say, ‘what the heck is a short sale?’ Have no fear because this short article is going to give you a link [...]
Short Sale Process
April 28, 2011 by admin · Leave a Comment
Tweet The short sale process involves the following parties: Buyer Seller Buyer Attorney Seller Attorney Buyer Lender Seller Lender The short sale process in a nutshell: Seller, for whatever reasons (usually a financial hardship or strategic default strategy), puts their home up for sale with the intention of negotiating with their lender(s) to sell the [...]
Long Island Short Sales: “Patience Equity”
April 18, 2011 by admin · Leave a Comment
Tweet It’s a term that I cannot take credit for but when it comes to buying Long Island short sales, patience equity is what you must be prepared to shoot for as a buyer. A common term used by people who buy “handyman specials” is sweat equity. This type of equity is what you’re buying [...]
Long Island Real Estate Home Prices Forecast
March 13, 2011 by admin · Leave a Comment
Tweet The Long Island Real Estate Market is going to be going through some changes over the next few months, but like all other market predictions, that’s all they are, predictions. I have always been looking at the supply and demand to determine Long Island home prices because the truth lies within those numbers. Sales [...]
Foreclosures: Eye Of The Storm
February 20, 2011 by admin · Leave a Comment
Tweet We have seen many headlines recently reporting that foreclosures and foreclosure sales have decreased over the last few months. However, though the headlines are technically accurate, they don’t reflect what is actually taking place. Foreclosure statistics are being impacted by the issues surrounding the challenges with faulty paperwork which the banks have spent the [...]
