Modified Loans Defaulting Administration-insured home loans entering foreclosure jumped in March after half the mortgages it modified to ease repayment terms were in default again a year or more later.…
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The owners have just dropped the price on my listing at 65-54 173rd St Fresh Meadows. At the new price of $799,000 it's definately worth a look if you are in the market for a large home. Three bedrooms,…
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Short Sales Outpace REO Sales With the number of short sales increasing and even outnumbering REO sales in certain states, experts are speculating short sales might become key to preventing an even greater…
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Bill Preventing Foreclosures with Approved Short Sales The California Association of Realtors (C.A.R.) announced its sponsoring a bill that will prevent California homeowners from going into foreclosure…
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The expiration of the Mortgage Forgiveness Debt Relief Act. Are you & your clients are aware of what's happening on December 31st of this year? How will you get the word out to your friends, family,…
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Fannie and Freddie Set Timeline Requirements for Short Sales Beginning June 15, real estate agents working with distressed homeowners whose loans are backed by Fannie Mae and Freddie Mac should expect…
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Real Estate Outlook: Affordability High Housing affordability is still at a record high, according to the National Association of Realtors (NAR). It is at the highest level since record keeping began in…
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Cary Zimbler added an answer:
What is a realistic asking & selling price for this 1BR co-op in Kew Garden Hills? Average time on market?
I just closed one in that area. A lot depends on the building..location etc.
I would be happy to give you a free evaluation and provide you with comps.
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Anu Dutta added an answer:
I want to know how much my 1-bedroom condo in Rego Park can sell for at the moment. Any idea?
Without looking at your units and see some comps in the building and in the neighborhood, it will be difficult to come one with any number.
Bank of America moves to speed up Short Sales Bank of America wants to hit the fast forward button on selling thousands of distressed homes in Florida. Starting Saturday, the bank's goal will be to approve…
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Joseph C. Hastings added an answer:
I'm selling a 1-bedroom Coop in Jackson Heights for $275K and my broker is having a tough time. Is Jackson Hts market depressed? When will it?
Hello Sellon. Your property is overpriced, full stop. 6 months to a year will not make a difference in your price. Market appreciation will take much longe
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Bridget Allim added an answer:
Hi,
I am looking for cash investors for wholesale properties in the NYC Tri-State Area.
Is anyone interested in these sort of properties?
Bridget Allim, GRI, CBR, ABR, Broker, Queens, NY.
I have many investors, who are ready, willing and able to go into contract, and will pay top $$$ for
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Tim Moore added an answer:
What is the cap gains % for sale of invesment property in Florida by resident of New York City?
Well, it will depend if it is, or was, your primary residence for 2 of the past 5 years or not and if married or single. It would be better to ask your tax
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Lucy Kirk asked a question:
CAP GAINS ON INVESTMENT PROPERTY SALE - NEW YORK
What is the % cap gains on sale of invesment property in Florida by a resident of New York City? thank you.
