Long Island Real Estate Appraisers

Topic Page | Foreclosures

The World Turns On, But Inventory Does Not

slow-housing-market

CoreLogic is a company that tracks all kinds of trends. They take a slice of recent history and the economic factors within it and do cool calculations that slice and dice information used by pundits and prognosticators – and sometimes speculators. Data is only as good as its interpretation.  What is even more important is […]

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December 10, 2011

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Foreclosures

What is News?

foreclosure-ruling-in-court

It is beyond me how people who call themselves writers seemingly have no imagination about subject matter. There are so many things to write about in the housing industry that it confounds me when I read repeated articles about old news. Do we really need to understand that housing foreclosures are about to pick up […]

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December 9, 2011

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Foreclosures, Mortgages

This Too Shall Pass

under-water-mortgage-calculation

You have exactly four options if you are underwater on your mortgage.  They are as follows: Modify your loan (hopefully it is not serviced by Fannie / Freddie) Attempt a short sale Stay and pay Walk away And that is about it.  Of course, if you live in a very desirable area, you have a […]

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November 27, 2011

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Foreclosures

Picking your Spots and Having Patience for it to Surface

foreclosure-end-ahead

The State of Nevada has made it very clear that it will not tolerate improper foreclosures by making it a felony to not follow foreclosure procedure. This is simply a good thing. Removing someone from their home is a very serious business and has deep emotional and social implications. Until recently, foreclosures were being handled […]

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Perhaps an Aggravating Thread Should Not Be Pulled

kitten-pulling-thread-from-ball-of-yarn

I have always said that if you torture a number long enough, it will say whatever you want it to say. I believe that is the case with a recent study conducted by the Federal Reserve Bank of Cleveland. The study claims that foreclosed upon properties that are vacant have a lesser negative impact than […]

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November 25, 2011

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Foreclosures, Mortgages

More On The Role of Servicing Agents

one-vs-many

Okay, I have made a couple of comments in this blog with regard to the actions of servicing agents and their role in the housing crisis. And now I have more to rail about. As part of the realignment of Fannie and Freddie and their foreclosure policies, the FHFA has directed the two thieving behemoths […]

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If Only Lombardi Were in Charge of the Mortgage Crisis

statue-of-great-football-coach

I love Vince Lombardi quotes. One of my favorites is: “There are three kinds of people, those who make things happen, those who watch things happen and then there are those poor individuals who stand around and wonder what happened”. Whenever I read the NYT, I am reminded that the writers and editors of the […]

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November 16, 2011

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Foreclosures

And the Wave Hits the Shore

waves-crashing-into-the-shore

As you know, we have been reporting on the issues related to the gigantic case involving the largest lenders in the land and their involvement in the robo signing scandal involving over 4 million homes that are estimated to have been wrongly foreclosed upon. Next month, those homeowners will receive letters in the mail, informing […]

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Strategic Defaults are the Next Big Shoe to Drop

carefree-man

Some people are actually beginning to wake up and realize that the stress of attempting to hold on to their homes is simply not necessary. Especially when the properties are underwater and they are trapped because they cannot qualify for a modification of their home.  They are walking away in what is referred to as […]

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Measure Your Local Economic Recovery – On Your Own

measuring-economy

A new survey from MacroMarkets said that even though the housing market as a whole will not see any gains in the next five years, some areas are doing well and will continue to do so. This is not much of a surprise because these same areas have been doing well for ages. The areas […]

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