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Posts Tagged ‘Putnam short sale Realtor’

First Time in a Long Time

Posted in Short Sales, tagged , , , , , , , on May 20, 2009 | Leave a Comment »

May, 2009 will be the first month in recent memory that we did not close on a short sale. Three regular sales closed (interestingly, all were in Putnam County), but no workouts were among them.  Is this a good sign for the economy? Unfortunately, it is an anomaly. One short sale I referred to a [...]

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The Fast Closing: Putnam Valley Short Sale

Posted in Short Sales, Success Stories, tagged , , , , , , , , , on April 30, 2009 | 1 Comment »

128 days ago, I sat at a dining room table in Putnam Valley, New York, just north of the Westchester County border with a young couple who were listed 4 times previously with 3 different brokerages in unsuccessful attempts to sell their home. Along the way, they got behind on their payments due to loss of income [...]

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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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Short Sales

Posted in Short Sales, Uncategorized, tagged , , , , , on January 9, 2009 | Leave a Comment »

A Short sale occurs when a bank accepts a lower price than the mortgage balance, allowing distressed homeowners to sell their home and satisfy the debt with no future obligation or deficiency judgment. J. Philip Real Estate specializes in these transactions, and I personally broker several per month. My first short sale was in the [...]

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