Mortgage Debt Forgiveness Extended to 2014

January 4, 2013 by · Leave a Comment 

Mortgage Debt Forgiveness Extended to 2014 Congress Extends the Cancellation of Mortgage Debt Relief Provision for 1 Year. As you know the final act by the 112th Congress was to avert the ‘fiscal cliff’ and as part of the fiscal cliff deal Congress extended the cancellation of mortgage debt relief provision for 1 year, through […]

Housing: Year End Reports Reveal Market Coming Back

January 4, 2013 by · Leave a Comment 

Every year-end housing report revealed that the real estate market is recovering quite nicely. Long Island short sales are still a challenge for us here locally, but here is a quick synopsis of each report indicating a recovery: Existing Home Sales Report Total existing-home sales rose 5.9 percent in November over last month Sales are […]

Long Island Short Sales: What To Expect

November 17, 2012 by · Leave a Comment 

Share Long Island short sales are going to probably increase over the next few months. For more information on what to expect in the overall market, visit http://www.tommcgiveron.com/long-island-real-estate-2006-prices-return/ When it comes to investing in short sales Long Island, you want to make sure that you have this type of information ready. IF YOU ARE READING […]

Foreclosure Wave Building In New York

Foreclosure Wave Building In New York

May 14, 2012 by · Leave a Comment 

Tweet From the streets where I live, to the articles I read on the internet, I can tell you that the New York and Long Island foreclosure numbers are going to drag on the market, especially after Spring. For home sellers, this means that you will need to get your home on the market before […]

What Is The Difference Between A Normal Sale And A Short Sale?

What Is The Difference Between A Normal Sale And A Short Sale?

March 13, 2012 by · Leave a Comment 

Share I often get asked by homeowners and buyers, “What is the difference between a normal sale and a short sale?” For the purposes of this article, I’m only going to focus on the the monetary or value difference. If you want more details on what is the overall difference between the two, you can […]

Foreclosure Vs. Short Sale: A Short Sale Always Wins

October 13, 2011 by · 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 · 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 · 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 · 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 · 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 […]

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