BPO stands for “broker price opinion.” It is a part of the short sale process that the lender uses to evaluate the merit of a short sale application. Simply put, the lender uses a BPO to ensure that the proposed sales price is aligned with market conditions. Some Westchester County Short sales, for example, are … Read More…
Tag: New York short sale specialist
The Single Mom- Orange County Short Sale
Categories: Short salesTags: avoiding foreclosure, hudson valley short sale Realtor, New York short sale agent, New York short sale Realtor, New York short sale specialist, orange county short sale, Orange County short sale Realtor, pre foreclosure, short sale realtor, short sale specialistThis transaction came several years ago, before the market decline was fully accepted by home sellers. The client was a single mother who, because of a heart condition, missed a great deal of work and fell behind on her home loan. By the time I had met her, she was finished with another agent who … Read More…
Should You Buy a Short Sale?
Categories: Short salesTags: buying a short sale, Dutchess short sale Realtor, hudson valley short sale Realtor, New York short sale agent, New York short sale Realtor, New York short sale specialist, Putnam short sale Realtor, Rockland short sale Realtor, 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 salesBuying 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…
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…