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Posts Tagged ‘buying a short sale’

Buying a Short Sale: Market Value, Not a Steal

Posted in Short Sales, tagged , on February 2, 2011 | Leave a Comment »

As short sales have become more common and are even showing up in new markets in Westchester, I find myself educating my colleagues on what can and cannot be done in order to have a successful closing. Lately, we’ve received offers that are unrealistically low; essentially, what the buyers do not understand is that the lender is [...]

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Yonkers Short Sale: Do You Need an Attorney? YES

Posted in Success Stories, tagged , , , on October 6, 2010 | Leave a Comment »

Here’s one from the other side of the closing table, where I represented buyers on a 5-month odyssey to purchase a short sale in Yonkers. It made me appreciate the waiting game that buyers must endure, and how valuable status updates are to home purchasers of a short sale in order to stay engaged and committed to [...]

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Monroe, NY Short Sale: First Time Buyers

Posted in Short Sales, tagged , , , , on December 18, 2009 | Leave a Comment »

An old wrestling teammate from high school referred me to his younger brother, who is also newly married and looking for his first home (Thank you Facebook!). Michael and Stephanie had been out looking for a while, and a prior agent had written an offer for them which didn’t work out. They didn’t have a [...]

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Should Sellers Sign a Contract Prior to Short Sale Approval?

Posted in Short Sales, tagged , , , , , , , , , , , , , , , , , , , , on February 27, 2009 | 2 Comments »

A recent posting from an Ohio broker highlights how real estate differs from place to place. In it, she says that she advises her clients to not sign a contract with a buyer if the house is a short sale prior to getting the bank’s approval. While I won’t quarrel with what works for someone [...]

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Should You Buy a Short Sale?

Posted in Short Sales, tagged , , , , , , , , , , , , , , , on January 17, 2009 | Leave a Comment »

Buying any foreclosure is tricky, and a short sale is probably the longest process. Is purchasing a short sale right for you? Perhaps you rent in Westchester, Rockland, Putnam or Dutchess and are considering a short sale purchase in one of those areas. Here are some things you ought to know: You can’t be in a [...]

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