Posts Tagged ‘distressed homes’
Sell Your Home Fast With A Professional Real Estate Agent
There are many reasons why one person would need short sale help. When you decide to sell your home—one of the biggest investments of your life—the basic idea is to get the highest return on that investment. And in order to do that, you most definitely need the help of a real estate agent.
My sister [...]
Staten Island: Suburbs in the City
Staten Island is an oft-forgotten borough. It was called Richmond until 1975, but when the Verrezano-Narrows bridge - one of the longest suspension bridges in the world – opened, it became much more easily accessible, and they decided on a new name.
Part of Staten Islands’ bad reputation comes from the Fresh Kills Landfill which for [...]
Give Them a Chance.
Poor distressed homes. They just need some love. You can’t stay new forever. Some fresh paint, maybe some light construction, a new roof, windows or other small investments that make a big difference – these things make a happy new home out of a disgruntled older home.
A renovated house can be made beautiful if you [...]
Brooklyn: Ubiquitous Brownstones
Brooklyn is quite distinct from Manhattan, and much more affordable. While many of Manhattan’s neighborhoods are extraordinarily expensive, Brooklyn has neighborhoods that make it a reasonable alternative, financially and culturally.
Many of the homes in Brooklyn have been around for a hundred years or longer, and today are often renovated homes, old brownstones that were constructed [...]
Strategic Defaults and Mortgage Rate Lows
With the real estate market ever so slowly recovering from the recession, prices are slightly up, and interest rates are still low. While it may still be expensive to buy the home of your dreams, it’s a great time to get a deal on renovated homes.
Mortgage rates are now at a 50 year record low [...]
Distressed Homes and The HAFA Program
The Home Affordable Foreclosures Alternatives Program, or “HAFA,” was developed by the United States Treasury Department in 2009. The intention of HAFA was to provide homeowners financially unable to hold on to their homes a better option. The plan was to restructure and simplify the short sale help process, helping distressed homes owners sell their [...]
Foreclosure Property vs. Short Sale Property
Foreclosure properties are typically distressed homes that are in foreclosure (i.e. a notice of default payment has been filed in the public records). It is a result of an owner ceasing mortgage payments followed by a lender delivering a notification that the property will be sold at auction if the payments are not brought up [...]
