All Posts Tagged With: "frozen credit"
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 | Continued
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