All Posts Tagged With: "bank"
Condo Prices Fall in Manhattan! Harlem Sales Fall 76 Percent! End of the World as We Know it?
(post by Dee) According to Mortgage News Daily, Condo Prices are Falling Across Manhattan. Some city brokers will continue to live in denial. Good for them! Now some others (like yours truly) will be realistic and adjust in their business, telling clients/sellers “like it is” and focusing on areas that are still hot (industrial, multi-family [...]
4Dec2008 | | 0 comments | ContinuedWhy Good Loans Are Now Also Frozen?! Banks Screwed Up, Homeowners Are Paying
(post by Dee) A comment from Robby clearly was due in part to misunderstanding of BT’s post from the other day about Banks Bringing Market Down. We obviously welcome all comments, but wanted to clarify this…
Here is what Robby wrote: “sounds like a paranoid and jilted broker complaining about a deal that didn’t go through [...]
Banks Trying to Bring Down the Real Estate Market?
I have a multi-family property that went into contract back at the end of July. The building is a 4-family located in a very stable neighborhood in the outer boroughs. The buyer had already been qualified through his lender (bank-direct mortgage). The contract price was $750K. Ah, the appraisal! Now, as Realtors, we always know a property’s real market value. And this property was worth $850,000. [...]
8Nov2008 | | 1 comment | ContinuedEconomic Crisis or Clean-up? President’s Scare Tactics Again!
(Post by BT) Crisis or clean-up? That’s the real question here. I think it’s more about a clean up. Unfortunately, I wasted my precious time to hear president Bush “speak to the nation” and the “American people” the other day, and it was all too familiar. I began to reminisce a time not too long [...]
16Oct2008 | | 1 comment | ContinuedUnlock the Frozen Wall Street Credit - A $700-Billion Band-aid!
(post by BT) This is truly insane! Wall Street is NOT the US economy. “Paralyzed banking system”, “free up credit lines”… who gets this money? How is it going to be split up? The government needs a new agency - an economic business agency, ran by successful businessmen of this country, not some politician whose [...]
1Oct2008 | | 0 comments | Continued
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