I have blogged previously that lizards who are smart enough to move survive and those that sit still are quickly eaten by any colonies. Both sitting still and moving are survival mechanisms, but depending on the circumstances one can kill you and the other can save your life. In a New York short sale, curling [...]
Posts Tagged ‘westchester short sale specialist’
Fannie Mae to Banks: You Can’t Cut Broker Commission
Posted in Short Sales, tagged Fannie mae, New York short sale agent, New York short sale Realtor, New York short sale specialist, New York short sales, short sale commissions, short sale realtor, short sale specialist, Short Sales, Westchester short sale agent, westchester short sale real estate agent, Westchester short sale Realtor, westchester short sale specialist on March 24, 2009 | 1 Comment »
Fannie Mae’s recent edict forbidding the cutting down of the broker commission as part of the short sale negotiation is very good for distressed sellers and buyers, not just the agents. I’ll explain. Naturally, brokers and agents are relieved because it ensures that the considerable time and effort that goes into selling a short sale [...]
Westchester Short Sales- March Mumbers
Posted in Short Sales, tagged avoiding foreclosure, New York short sale agent, New York short sale Realtor, New York short sale specialist, New York short sales, pre foreclosure, short sale realtor, short sale specialist, Short Sales, Westchester short sale agent, westchester short sale real estate agent, Westchester short sale Realtor, westchester short sale specialist, Westchester short sales on March 9, 2009 | 1 Comment »
Unless otherwise indicated, all data in this post is from the Westchester-Putnam Multiple Listing Service. There are 3,454 single family homes actively for sale in Westchester County. Of those, 148 are disclosing either a short sale or foreclosure proceeding in process. This is about 4.3% of the available single family home inventory. The actual number is probably far higher than [...]
Negative Equity Graph for NY Area
Posted in Short Sales, tagged Negative Equity, New York short sale agent, New York short sale Realtor, New York short sale specialist, New York short sales, Westchester short sale Realtor, westchester short sale specialist, Westchester short sales on February 17, 2009 | Leave a Comment »
Zillow has published a graph on how many homeowners have “negative equity,” or owe more than their home’s value. Not all these home owners are in touble; but the numbers are instructive. As you can see, the downpayment rquirements after 2007 became far more stringent, no doubt due to the sub prime crisis. Negative equity [...]
What is a BPO?
Posted in Short Sales, tagged avoiding foreclosure, BPO, Broker Price Opinion, New York short sale agent, New York short sale Realtor, New York short sale specialist, pre foreclosure, short sale realtor, short sale specialist, Short Sales, Westchester short sale agent, westchester short sale real estate agent, Westchester short sale Realtor, westchester short sale specialist, Westchester short sales on February 8, 2009 | Leave a Comment »
BPO stands for “broker price opinion.” It is a part of the short sale process that the lender uses to evaluate the merit of a short sale application. Simply put, the lender uses a BPO to ensure that the proposed sales price is aligned with market conditions. Some Westchester County Short sales, for example, are [...]
Westchester Short Sales by the Numbers
Posted in Short Sales, tagged avoiding foreclosure, hudson valley short sale Realtor, New York short sale agent, New York short sale specialist, pre foreclosure, short sale expenses, short sale realtor, short sale specialist, Short Sales, Westchester short sale agent, westchester short sale real estate agent, Westchester short sale Realtor, westchester short sale specialist, Westchester short sales on January 14, 2009 | Leave a Comment »
The question that pops up for people who can no longer pay their mortgage is how much money they’ll have to come up with in order to get out from under their mortgage through a short sale. It is like the old catch-22 I’ve often heard where the client tells me that they want to [...]
Solutions for No Equity and Falling Behind on the Mortgage
Posted in Short Sales, tagged avoiding foreclosure, choosing an agent, New York short sale agent, New York short sale specialist, pre foreclosure, short sale realtor, short sale specialist, Short Sales, Westchester short sale agent, westchester short sale real estate agent, westchester short sale specialist, Westchester short sales on January 13, 2009 | Leave a Comment »
In some markets, people who only borrowed 80% of their home’s value are waking up to the fact that they actually have no equity. It is happening in all communities- Yonkers, Yorktown, Scarsdale, Somers, White Plains, Wappinger Falls, you name it. No demographic, neighborhood or school district is immune from the ripple effect of the [...]
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J Philip Faranda, Broker-Owner (866) 343-2889
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