All Posts Tagged With: "foreclosure"
Delinquent 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 [...]
Homeowners/Sellers In Denial
(post by BT) Today I met with a lady whose home is going into foreclosure. She has a 2-family house and both tenants haven’t been paying rent. Bought in 2005, at the peak of the pricing bubble with a 9% mortgage interest rate! She makes only $2,000 per month and put only [...]
1Apr2008 | | 0 comments | Continued
Get Broker Tales by email