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 [...]
Are Short Sales The BIG Solution?
January 22, 2011 by admin · Leave a Comment
Tweet The article, Foreclosure VOIDance, discussed the challenge that banks are facing in their attempt to complete foreclosures. Some courts are attempting to void the foreclosure if the bank did not properly transfer the mortgage from one bank to another. The courts are claiming that, if you didn’t ‘legally’ transfer ownership of the loan documents, [...]
Foreclosure VOIDance?
January 11, 2011 by admin · Leave a Comment
Tweet A court in Massachusetts voided two bank foreclosures this past Friday. The decision has already created a ripple effect across the banking community. Will other courts also decide to void local foreclosures? Does this put an added burden on banks when they are trying to complete a foreclosure process? What will it mean to [...]
How Will the Foreclosure Mess Impact Prices?
December 18, 2010 by admin · Leave a Comment
Tweet Share If you’re wondering how will the foreclosure mess impact prices, then this article is for you. Three months ago, it was revealed that many banks were guilty of improperly processing the paperwork on their foreclosures. Most banks at the time declared a foreclosure moratorium while they reviewed their paperwork and corrected any errors. [...]
Long Island Real Estate: Distressed Market Per Town
December 11, 2010 by admin · Leave a Comment
Tweet Long Island real estate has taken its fair share of lumps over the past four years. Distressed home sales on Long Island have steadily increased and have managed to work their way through nearly every local town throughout Long Island. In this article, a random sample of towns in Suffolk county will be showcased [...]
Short Sales: Information for Sellers
October 19, 2010 by admin · Leave a Comment
Tweet The world of short sales is becoming more complicated as time goes on and homeowners are the ones who are caught in the middle. I feel this information I’m going to review here is so important that I’m going to be linking this article to my Sellers Page for the purposes of providing information [...]
Negotiating Two Mortgages
September 26, 2010 by admin · Leave a Comment
See My Comments About The Market In Newsday – June 29, 2010 Many Long Islanders have more than one mortgage on their home. Part of this has to do with many people using exotic loans to finance 100% of their home purchase from 2003 through 2007 while others took out home equity loans or lines [...]
Short Sales: An Unpredictable Science
August 26, 2010 by admin · Leave a Comment
See My Comments About The Market In Newsday – June 29, 2010 No matter what you hear or read on any website, please be aware that the road of remedy to avoid foreclosure, whether by short sales or by loan modification, is not predictable. Some short sales will be “easier” to settle than others. Conversely, [...]
HAFA And How It’s Impacted the Short Sale Process
August 2, 2010 by admin · Leave a Comment
See My Comments About The Market In Newsday – June 29, 2010 As a consumer of the real estate industry, whether you’re a buyer or a seller, you need to know how HAFA has impacted the short sale process. HAFA is the Home Affordable Foreclosure Alternatives Program. HAFA is a program designed for homeowners who [...]
How Long Does It Take A Bank To Foreclose?
July 10, 2010 by admin · Leave a Comment
See My Comments About The Market In Newsday – June 29, 2010 So you want to know how long does it take a bank to foreclose on a home (perhaps your home). Well let me first say that if you’re in this position you should consult the services of an attorney. For the purposes of [...]
