Long Island Real Estate Appraisers

Topic Page | Mortgages

December 9, 2011

Comments Off on This Too Shall Pass

Foreclosures, Mortgages

This Too Shall Pass


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


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


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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