Just about every home sale is stressful on the seller. A short sale, given the higher stakes and financial ramifications, often has even more stress for the seller than a typical transaction. On a few occasions, I have had a short sale client lament that they are “left out” in a way, in that everyone … Read More…
Tag: avoiding foreclosure
Please Take Off Your Clothes
Categories: Commentary, Short salesTags: avoiding foreclosure, New York short sales, questionsI just finished my first day of CDPE (Certified Distressed Property Expert) class, and am reflecting on one of the more profound insights given by the instructor, Mark Boyland. Mark, who is an excellent presenter, compared the difficult issues we have to sort out with distressed homeowners with the rather matter of fact way a doctor handles another … Read More…
How Do You Price a Short Sale?
Categories: Short salesTags: avoiding foreclosure, New York short sale Realtor, pricingAfter two similar discussions the past week, it would be wise to address how a short sale should be priced. After all, if the offer submitted to the lender is subject to approval and therefore not a certainty, all the more that the asking price is also a hypothesis. It is. But, as educated guesses … Read More…
Can an Owner Reject an Offer in a Short Sale?
Categories: Commentary, Short salesTags: avoiding foreclosure, low offers, New York short sales, Owners rights, rejecting offers, Westchester short sale RealtorContrary to what some may think, an owner is not obligated to submit every offer to the lender for approval in order to do a short sale. As a matter of fact, there are offers that an owner should never submit to the lender. That is the owner’s right, as they still hold title and … Read More…
NY Times: Banks Resisting Short Sales
Categories: CommentaryTags: avoiding foreclosure, Bank of America, foreclosure moratorium, New York short sales, New York TimesThe top emailed story on the New York Times website today, Short Sales Resisted as Foreclosures Are Revived, is over 2 days old. That it remains pinned as the top story to share is significant, especially to anyone in New York who is facing foreclosure or in a short sale. Bank of America has, after … Read More…
Obama and Administration Encourage More Short Sales
Categories: Short salesTags: avoiding foreclosure, New York short sales, short sale specialist, Westchester short sale Realtor, Westchester short salesThe government has moved to increase the incentive for lenders to allow short sales on their defaulted loans. I welcome this, although there is nothing specified as to how they’ll hold banks accountable for streamlining the process, which is rife with red tape, bureaucracy and long waits. If they truly want to make short sales happen more … Read More…
The Fast Closing: Putnam Valley Short Sale
Categories: Short sales, Success StoriesTags: avoiding foreclosure, hudson valley short sale Realtor, New York short sale agent, New York short sale Realtor, New York short sale specialist, putnam short sale expert, Putnam short sale Realtor, Putnam short sale specialist, short sale realtor, short sale specialist128 days ago, I sat at a dining room table in Putnam Valley, New York, just north of the Westchester County border with a young couple who were listed 4 times previously with 3 different brokerages in unsuccessful attempts to sell their home. Along the way, they got behind on their payments due to loss of income … Read More…
Why Armadillos Don’t Own Real Estate
Categories: Not-so-Successful-Stories, Short salesTags: avoiding foreclosure, New York short sale agent, New York short sale Realtor, New York short sale specialist, New York short sales, pre foreclosure, short sale realtor, short sale specialist, Westchester short sale agent, westchester short sale real estate agent, Westchester short sale Realtor, westchester short sale specialist, Yonkers short sales, Yonkers short sales agentI have blogged previously that lizards who are smart enough to move survive and those that sit still are quickly eaten by any colonies. Both sitting still and moving are survival mechanisms, but depending on the circumstances one can kill you and the other can save your life. In a New York short sale, curling … Read More…
The Divorce: Dutchess County Short Sale
Categories: Short sales, Success StoriesTags: avoiding foreclosure, divorcing home sellers, dutchess county short sales, Dutchess short sale Realtor, hudson valley short sale Realtor, New York short sale agent, New York short sale Realtor, New York short sale specialist, New York short sales, pre foreclosure, short sale realtor, short sale specialistThis short sale closed at the end of this past year. The clients were divorced, and the home they had built while married was incomplete and upside down. The house was listed this past summer. Divorce cases are in and of themselves difficult. I have to give both clients credit in their dealings with me- … Read More…
Westchester Short Sales- March Mumbers
Categories: Short salesTags: avoiding foreclosure, New York short sale agent, New York short sale Realtor, New York short sale specialist, New York short sales, pre foreclosure, 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 salesUnless otherwise indicated, all data in this post is from the Westchester-Putnam Multiple Listing Service. There are 3,454 single family homes actively for sale in Westchester County. Of those, 148 are disclosing either a short sale or foreclosure proceeding in process. This is about 4.3% of the available single family home inventory. The actual number is probably far higher than … Read More…