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…
Category Archives: Westchester County
Top 5 Ways to Maximize Your Open House
If your home is currently on the market, you may be considering whether or not to work with your real estate agent to host an open house. You may have heard that open houses are ineffective or “old-fashioned” in today’s world of online marketing. As a Member of the Top 5 in Real Estate Network®,…
Top 5 credit score killers: What you don’t know can hurt you
Mistake #1: Foreclosure. “I foolishly believed my attorney (and the rising real estate market) when I didn’t force my former husband to refinance or sell our house during our divorce proceedings, and [he] left my name on the mortgage,” Cynthia Burnham of Descanso, California says. As a result, when her ex stopped making payments, the…
How the New Reverse Mortgage Option Can Keep You in Your Home
If you or someone you know is struggling to make ends meet in their golden years, the new reverse mortgage option might provide the right solution. As a member of the Top 5 in Real Estate Network®, I, along with my team, are committed to providing our clients — and consumers in general — with…
6 Mistakes To Avoid When Trading Up to a Larger Home
“…..you have to sell your present home at exactly the right time in order to avoid either the financial burden of owning two homes or, just as bad, the dilemma of having no place to live during the gap between closings….” Unlike the experience of buying a first home, when you’re looking to move-up, and…
10 Fees You Shouldn’t Be Paying
It’s easy to overlook fees when they’re just a couple of bucks. But even the small ones quickly add up. However, most of the time you can avoid being nickel and dimed. With the help of BillShrink.com – a free cost-savings site – we created a list of ten fees you can escape. 1. Free…
Fannie Mae and Freddie Mac Jeopardize Loan Approvals
The last thing anyone wants is to have a problem with getting a home loan after the loan contingencies have been removed. Due to recent changes by Fannie Mae and Freddie Mac problems may now begin to happen. The two mortgage giants, who buy the majority of mortgages from lenders, have now required lenders to…
Ten Things You Need to Know Before You Hire an Agent in Wesrtchester County
“It’s critical that you make the right decision about who will handle what is probably the single largest financial investment you will ever make.” Not all real estate agents are the same. If you decide to seek the help of an agent when selling or buying your home in westchester county, you need some good…
New foreclosure trouble brewing as late payments rise?
Several states across the Northeast are seeing a sharp jump in homeowners falling behind on their mortgages. That’s the word out from TransUnion, which released its third quarter mortgage delinquency numbers over the weekend. The biggest increases in late payments were seen in New Jersey, New York and Connecticut at the region’s core, as well…
An Update on Home Foreclosures
Lately, very few things have been in the news more than the topic of home foreclosures. Depending on the source, it is estimated there have been over 4 million homes entering foreclosure over the past four years and about 300,000 are entering the first stage monthly. Recently the attention has turned from the sheer volume…
Realtors Strive to Streamline Short Sales through HAFA
RISMEDIA, November 11, 2010—Realtors gleaned inside knowledge on the efforts being made to improve the short sale process through the Home Affordable Foreclosure Alternatives Program at the 2010 REALTORS® Conference & Expo. HAFA was intended to help homeowners who are unable to keep their home under the Making Home Affordable Modification Program avoid foreclosure by…
Deliberately seek the company of people who influence you to think and act on building the life you desire.”
"Deliberately seek the company of people who influence you to think and act on building the life you desire." Napoleon Hill1883-1970, Author Posted via email from WESTCHESTER COUNTY DISTRESSED PROPERTY INFORMATION
NAR Buyer and Seller Survey Shows Value of Long-Term Home Ownership
RISMEDIA, November 9, 2010—Home buyers today have affirmed a long-term view of home ownership, the typical seller is experiencing positive returns and the vast majority of home owners see their property as a good investment, according to the latest consumer survey of home buyers and sellers. The study was released at the 2010 Realtors Conference…
Designing a Successful Day
All success requires you to make a decision to succeed. Here are five thoughts to consider: Success is more difficult to live with than failure. You must know why you want to succeed so that it has purpose. Otherwise it is a non-fulfilling experience. Success in any endeavor requires you to pay the price. Short-cuts…