Long Island Real Estate Appraisers

Topic Page | Foreclosures

December 11, 2011

Comments Off on The World Turns On, But Inventory Does Not


Buying Real Estate, Foreclosures, Housing Market Stats

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

Comments Off on What is News?


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

Comments Off on This Too Shall Pass


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

Comments Off on Picking your Spots and Having Patience for it to Surface


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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November 26, 2011

Comments Off on Perhaps an Aggravating Thread Should Not Be Pulled


Foreclosures, Housing Market Stats, Miscellaneous

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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