All Posts Tagged With: "foreclosure"
Maspeth, NY Short Sale Goes Through. Mortgage Relief Not Needed
A couple of our posts were devoted to a short sale transaction in Maspeth, Queens, NYC. The family, going through a divorce and financial hardship (of their own doing, no doubt), has two school-age kids. The first buyer backed out of the sale angering us and discouraging the sellers, who at that point had already [...]
15Aug2008 | | 0 comments | Continued
Foreclosure Epidemic in America, I.O.U.S.A. - From Crack to Debt
(post by BT) Remember in the 80’s, those posters, billboards and commercials about drug use? You would see them all the time? Remember “Crack is whack!” “This is your brain on drugs.”? Well, driving in Midtown Manhattan the other day, I noticed a different kind of message dominating… The new dominating theme is, suddenly, FORECLOSURES! [...]
7Aug2008 | | 0 comments | ContinuedLoan Modification and Keeping Americans in Debt
(post by BT) Here is the solution to all the mortgage woes out there…. Loan modification. Skip a few mortgage payments, contact your bank and they will work out a deal that meets your needs. Actually, it is not much different from applying for a loan. The catch? You have to wait until you actually [...]
28Jul2008 | | 0 comments | ContinuedDelinquent on Your Mortgage? No Problem.
If you are actually delinquent on your mortgage and are scared that you are going to face big problems, you are wrong. You are fine. It’s the people who actually put a full down payment (money they were able to save because they have the financial means and know how to manage their money) but [...]
15Jul2008 | | 0 comments | ContinuedShort Sale That Got Stalled - Foreclosure Now?!
(post by Dee) Only two posts ago, I wrote about the Short Sale that was so close to closing…. Well, the buyer backed out at the last minute. In this sale, the seller being a bank, not an individual (the owners basically walked away from it), the buyer had nothing to lose. Typically, he would [...]
12Jun2008 | | 0 comments | ContinuedShort Sale to Prevent Pre-foreclosure – So Close, Please Don’t Mess This Up!
(post by BT) Finally, something positive to write about brokering… My client purchased a 1-family Tudor-style home several years ago. As the real estate prices were climbing at insane rates (remember those days!), owners were bombarded with offers to pull out equity from their homes, and to refinance every 2 years. These folks took [...]
6Jun2008 | | 0 comments | ContinuedForeclosure Prevention Act of 2008
(post by BT) The following news update was recently emailed to me by the New York State Association of Realtors (NYSAR):
“At The Capital
The following pieces of real estate-related legislation were introduced this past week in Albany:
Foreclosure Prevention Act of 2008 (S.8093/A.10083) - Senator Thompson (D-Erie/Niagara) introduced companion legislation to Assembly Speaker Silver’s Foreclosure Prevention Act [...]
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