Foreclosure Vs. Short Sale: A Short Sale Always Wins
October 13, 2011 by admin · Leave a Comment
Share Today’s ever changing real estate industry regarding short sales, has brought upon some very challenging questions from our clients. We as counselors, want to put forth the best, non-emotional advice that we can, in hopes that we can help our clients and their families navigate the rough waters of the short sale process. The [...]
What to Look for When Hiring an Attorney for a Short Sale
October 10, 2011 by admin · Leave a Comment
Share This is a horror story you can’t afford to miss. If you are facing foreclosure and want to avoid it, don’t bury your head under the pillow and hope for it to go away and don’t hire an attorney on your own! This video talks about what to look for if you need an [...]
1 Big Reason To Not Wait Until Spring To Sell
September 28, 2011 by admin · Leave a Comment
Share Late last year, banks were warned that they needed to guarantee that the paperwork necessary to start a foreclosure process on a family was both accurate and complete. Since then, the banks have slowed down the foreclosure process while they re-examined their procedures. They are now confident that all the required documentation is in [...]
2 Points About Loan Modifications You Need To Know
September 26, 2011 by admin · Leave a Comment
Share Wondering whether modifications will have a major impact on preventing an increase in future foreclosures? Though modifications are still being done, the onus by the government and the banks has currently shifted to two other initiatives to help the housing recovery: 1. Preventing future delinquencies (people falling behind on their payments) 2. Clearing the [...]
Money to Purchase and Renovate Your Home
September 6, 2011 by admin · Leave a Comment
Tweet Whether you’re looking at a foreclosed home, bank REO, a Short Sale or really any home, you need to be aware of the FHA 203K Program. The general condition of real estate has taken a dip over the past few years, as homeowners are not sprucing up their home as they have in the [...]
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 [...]
