Buying any foreclosure is tricky, and a short sale is probably the longest process. Is purchasing a short sale right for you? Perhaps you rent in Westchester, Rockland, Putnam or Dutchess and are considering a short sale purchase in one of those areas. Here are some things you ought to know: You can’t be in a … Read More…
Category: Short sales
Westchester Short Sales by the Numbers
Categories: Short salesTags: avoiding foreclosure, hudson valley short sale Realtor, New York short sale agent, New York short sale specialist, pre foreclosure, short sale expenses, short sale realtor, short sale specialist, Westchester short sale agent, westchester short sale real estate agent, Westchester short sale Realtor, westchester short sale specialist, Westchester short salesThe question that pops up for people who can no longer pay their mortgage is how much money they’ll have to come up with in order to get out from under their mortgage through a short sale. It is like the old catch-22 I’ve often heard where the client tells me that they want to … Read More…
Solutions for No Equity and Falling Behind on the Mortgage
Categories: Short salesTags: avoiding foreclosure, choosing an agent, New York short sale agent, New York short sale specialist, pre foreclosure, short sale realtor, short sale specialist, Westchester short sale agent, westchester short sale real estate agent, westchester short sale specialist, Westchester short salesIn some markets, people who only borrowed 80% of their home’s value are waking up to the fact that they actually have no equity. It is happening in all communities- Yonkers, Yorktown, Scarsdale, Somers, White Plains, Wappinger Falls, you name it. No demographic, neighborhood or school district is immune from the ripple effect of the … Read More…
The Option-ARM Victims -Westchester Short Sale
Categories: Short sales, Success StoriesTags: avoiding foreclosure, option ARM, pre foreclosure, predatory lending, short sale realtor, short sale specialist, westchester short sale real estate agent, Westchester short sale Realtor, Westchester short sales, White Plains short sale RealtorPredatory lending is an insidious practice. Those that make a short term profit at the expense of another person’s financial health are criminals. Of course, they know little of the damage they cause, but those of us who try and pick up the pieces know that harm all too well. I was called to meet with … Read More…
The Widower -Westchester Short Sale
Categories: Short sales, Success StoriesTags: avoiding foreclosure, death of a loved one, environmental problems, estate sale, pre foreclosure, short sale realtor, short sale specialist, westchester short sale real estate agent, Westchester short sale Realtor, Westchester short salesThe stereotypical view of people who face foreclosure is that they are irresponsible or unintelligent. But sometimes, they are good, intelligent professionals who have had bad things happen. My own older brother, a Cornell alum, lost his house in the early 90’s due to illness. One couple I listed was in similarly bad circumstances. She … Read More…
We Want a Baby -Orange County, NY Short Sale
Categories: Short sales, Success StoriesTags: adoption, avoiding foreclosure, hudson valley short sale Realtor, orange county short sale, Orange County short sale Realtor, pre foreclosure, short sale realtor, short sale specialist, Westchester short sale RealtorSome transactions stay with you your whole life. This occurred almost 2 years ago and seems like it was last week. The clients lived in Orange County, an exurb of NYC about 40 minutes north of White Plains. They were desperate, and their situation was compelling. First, they were restoring an older Georgian. Even in … Read More…
Short Sales
Categories: Short sales, UncategorizedTags: avoiding foreclosure, Dutchess short sale Realtor, Putnam short sale Realtor, Rockland short sale Realtor, Westchester short sale RealtorA Short sale occurs when a bank accepts a lower price than the mortgage balance, allowing distressed homeowners to sell their home and satisfy the debt with no future obligation or deficiency judgment. J. Philip Real Estate specializes in these transactions, and I personally broker several per month. My first short sale was in the … Read More…