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…
Tag Archive: catch up my payments in westchester county ny
Short Sale Myths in Westchester County NY
Short Sale Myths A short sale can be an excellent solution for homeowners who must sell and owe more on their homes than they are worth. Unfortunately, a number of myths about short sales have developed, and it is important to understand the reality of this process should you find it meets your current needs….
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,…
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…
Want to Refinance? Heed These 10 Appraisal Tips
Refinancing in today’s credit-crunched market can be challenging at best. A successful refinance all begins with the appraisal, used to set the maximum amount you’re allowed to borrow against your home. The problem is, in today’s market, sinking home values are often lowering appraisals as well. If you are considering refinancing your home, heeding these…
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…
Pending Home Sales Increase For Sixth Month in a Row|Westchester Follows Path
The market for existing homes continued to surge in July, pushing the National Association of Realtors’ pending home sales index up 3.2% compared to the previous month to a reading of 97.6. On an annual basis, that represents a 12% jump for the forward-looking indicator, which is based on the number of sales contracts signed…
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…
First Time Buyers Can Benefit From The $8000 Tax Credit
First Time Buyers can Utilize the $8000 Tax Credit to their advantage. read more here. First-time buyers eligible for the $8,000 federal tax credit who apply for mortgages insured by the Federal Housing Administration may soon also be eligible for bridge loans or cash advances that they can use for the downpayment, closing costs or…