Category Archives: Foreclosures

Westchester County Strategic Default

Interesting research from PEW Local Trends that goes into great detail about Strategic Defaults.. What will be surprising to many is the dramatic increase in the number of homeowners willing to walk away from their underwater home. Just 3 years ago when we started reporting on this phenomena similar studies were done that resulted in…






FREE FORECLOSURE PREVENTION WORKSHOP!!!

DO YOU KNOW ANYONE WHO: • Is facing foreclosure? • Is behind on their mortgage? • Has to sell their home but can’t? • Has lost their job? • Is feeling overwhelmed by all of the above? Join us to get the FACTS, the TRUTHS and the INSIGHT you need to protect yourself. WHEN: Tuesday,…






Loan Distress!!

Watch This For Financial Distress Information






Obama Cracks Down On Loan Mods!!!!






Short Sales vs Foreclosures – The Real Deal

I thought this was a great article on describing the benefits of not going into a foreclosure. read more… Editor’s Note: Short sales and preforeclosures are two home types that constitute a growing subset of bargain homes that also includes properties referred to as “distressed” and “auction” homes. With many Americans facing the very real…






7 Tips for Westchester County First-Time Home Buyers

A year after the financial collapse of 2008, the housing market is very different than it was before the foreclosure crisis.   Here are seven bits of wisdom from economists and financial planners for anyone contemplating a home purchase today: * Old-fashioned basics are more important than ever. The safest way to purchase a home…






Option Arms Set to Reset in Westchester County NY

Payment option adjustable rate mortgages are about to go through major resets, sending federal and state regulators scurrying to withstand a new wave of defaults and foreclosures. The impending changes were a major topic of conversation when the state magistrates met with Obama administration officials to discuss strategies for combating mortgage fraud. “Payment option ARMs…






Westchester County Home Prices and Sales Decline

Prices Continue to slide in all markets across Westchester County NY. Sales fell for all areas of housing. . According to Westchester-Putnam Multiple Listing Service. The decrease was in double digits Inventories of housing of all kinds were lower at the end of June. The MLS said this was due to discouraged sellers who were…






1 Out of Every 6 Homeowners Owe More Than Their Home is Worth

Tips for First Time Home Buyers Buying a home can be a long, complicated and frightening process, and it is important to be prepared. Knowledge is power when it comes to negotiating the difficult world of home prices, interest rates and mortgage loans. For a first time home buyer, there are many factors to consider…






Foreclosures HALT Economic Recovery!!!

More than two years year after the housing market tanked and the foreclosure rate began rising, the ongoing wave of distressed home sales is weighing on house prices and crimping a long-awaited economic recover On Wednesday, President Obama signed off on the government’s latest response to the crisis, a whittled-down bill aimed at helping millions…






Loan mod: Go it alone?

Last week, I went over the steps involved in getting a loan modified. This article examines which, if any of these steps, may require a borrower to seek help. Read More>>>






Top 10 Moving Tips

HGTV’s FrontDoor.com offers 10 time-saving tips to make moving fast and efficient: Some valuable tips to help you with your move. Hope these Help 1. Make a moving schedule. Starting 60 days before the move, use a week-by-week checklist to keep the process on track. The tasks to accomplish further from moving day might seem…






Your Payments are Late!| Will a Loan Modification Save Your Home??

source: realty times This article has some good information on helping you understand the new Obama Loan Mod. program. It has useful information The Treasury Department recently released its Home Affordable Modification Program Guidelines (part of its Making Home Affordable initiative), which include eligibility requirements to determine which homeowners qualify for relief under the plan….






Think About These Options Before Considering Foreclosure

I’m a realtor in Westchester County, NY. As the economic climate has continued to worsen, I’ve found myself with a multitude of clients confronted with trying to sell their distressed property. Because of the current housing crisis, home values if Westchester County have taken a dramatic fall. White Plains, Mount Vernon, New Rochelle, and Armonk…