Watch This For Financial Distress Information
Tag Archive: Foreclosures
NY Home Sales Increase.Westchester Jumps Too!!!
NY housing market extends monthly growth trend with nearly 12-percent gain in July The New York State housing market posted its fifth consecutive monthly sales increase in July, according to preliminary existing single-family sales data accumulated by the New York State Association of REALTORS. The statewide median sales price jumped nearly 10 percent compared to…
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…
Sluggish Market HITS!!! The Westchester Suburbs Hard!!!
The effects of a sluggish real estate market are everywhere. Read this article and learn more about the Westchester County NY market being affected. GET A FREE LIST OF DISTRESSED PROPERTIES DELIVERED TO YOU DAILY!!!!!!!! After reducing the price on his house in a tony New York City suburb to less than he paid for…
Borrowers Can Use the $8000 Tax Credit at Closing
First-time buyers using FHA financing will be able to use their $8,000 federal housing tax credit at the closing table, rather than waiting for a tax refund, according to an FHA document released today. The eagerly-awaited “mortgagee letter” spells out the details of the effort, which was first announced two weeks ago by HUD Secretary…
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…
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…
Buyers Jump at the Opportunity to Buy Foreclosed Homes
source:Builder magazine Buyer jump at the opportunity to purchase homes in foreclosure, or some state of distress. read more… Joint survey by RealtyTrac and Trulia also found a growing level of wariness about buying a distressed property. For better or worse, the share of Americans interesting in buying a foreclosed home has increased in…
How Long Does a Loan Modification Take?
source: Realty Times Understandably, homeowners who apply for a loan modification tend to get a little antsy and perhaps even annoyed when they apply for a loan modification and then fail to hear anything for several weeks, especially if they continue to receive late payment notices and nasty phone calls from collection agencies. Many homeowners…
Foreclosure filings jump 24%
Source: CNNMoney.com NEW YORK (CNNMoney.com) — Foreclosure activity skyrocketed in March and the first quarter of 2009 to their highest levels on record as banks lifted moratoria on filings. Total foreclosure filings – which include default papers, auction sale notices and repossessions – reached 803,489 in the first quarter, according to a report released Thursday…