Long Island Real Estate Appraisers

Topic Page | Mortgages

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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December 5, 2011

Comments Off on The Obtusely Obvious Advice of the NYT


Housing Market Stats, Loan Modifications, Mortgages, Selling Real Estate

The Obtusely Obvious Advice of the NYT

housing-marketing-moving-at-a-snails-pace

So the new breaking news from the NYT is that 79% of the mortgages that were closed in 2011 were refinances. That would make sense, wouldn’t it?  I mean, there is very little selling and the economy is on life support so how else could there have been originations? Not to mention the fact that […]

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December 4, 2011

Comments Off on The NYT is at It Again


Loan Modifications, Miscellaneous, Mortgages

The NYT is at It Again

stack-of-newspapers

Oh the New York Times is at it again stating the obvious and distorting effects. There is no question that the NYT is a left leaning organization. In fact, before I get started with the facts of the matter in question, I am going to rail a bit about journalism in order to blow off […]

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November 25, 2011

Comments Off on More On The Role of Servicing Agents


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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November 23, 2011

Comments Off on If You Don’t Succeed Try it Right the First Time Or, a Case for Pre-Approval


Buying Real Estate, Mortgages

If You Don’t Succeed Try it Right the First Time Or, a Case for Pre-Approval

pre-approval-for-mortgage

Okay, I am tired of saying NYT.  So now they are going to be referred to as the paper formerly called NYT.  Maybe not.  Too long a name. I honestly don’t know how Prince did it for so long.  What was I saying…?  Oh yeah, that paper. After some very careful investigative reporting and fact […]

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