RECENT BLOG POSTS
Great Blog, this is not a market I go after, but an associate in my office is going through this process now. I have already had buyers who qualified 6-8 months ago and now are considering buying this spring BUT….. are finding they may no longer qualify for a loan. Many Lenders need to review th...
01/30/2010
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Some great tips for any public website. Escorts during the open houses is also something that I use to help prevent item from being stolen. I also advise the client to place valuable items in a place which would be difficult to access and to make sure the storage space is locked. Years ago, list...
01/20/2010
Mike, The problem with appraisals in New York City depending on the neighborhood is there are not many sales comps in the 45-60 day window. What is also happening now is the appraisers who determine the value of apartments in New York City, could come from Buffalo, NY or Pennsylvania and so we ar...
01/19/2010
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If you're wondering what's the big deal about renter's insurance -- like you need another way to spend your monthly paycheck? -- first consider these common misconceptions: Does the landlord's Cover my Insurance?. In most cases, a landlord's insurance covers only structural damage to the building...
01/18/2010
Loreena, This is one of the most comprehensive explainations I have seen on the new Good Faith Estimate Form. Your commentary is also appreciated.For the longest time, there was no standardization in good faith estimates presented by Lenders when a loan application is made by a borrower. No stand...
01/04/2010
Right on about getting the offer right. Especially in this market the buyers offer must match the bank appraisers. If it doesn't there are disappointed parties, not to mention the extra delay in getting the deal done, if at all. More deals are lost because the analysis phase is not done properly....
12/31/2009
Thanks Jo-anne this is really helpful, since one of my goals for 2010 is to work on my Active Rain blogs. I have tried to write within the template and didn't realize that the edit/delete on the top of the blog is very sensitive or maybe it my fat fingers, so I deleted about an hour of blog work....
12/30/2009
Lee, This is great, since I have the same belief that serious buyers will find the properties through their broker or the Internet. In NYC we have an additional challenge when many Coop and Condo buildings do not permit Open Houses, because of the building security and having strangers walking t...
12/27/2009
This is one of the best explanations I've read on Short Sales and Loans. DavidHas your short sale or loan modification been turned down and you have no idea why? Let's examine some of the reasons. These reasons may not make you feel any better or maybe they are just excuses by your lender, howeve...
12/26/2009