ARCHIVED BLOG POSTS
2007
3
Comments
Most people would probably think a real estate agent writing about NOT buying a house now must mean the agent has either lost his/her mind or is independently wealthy. But, I believe there are a few times when the decision to buy real estate should be put on hold. I'd be interested to hear what...
11/27/2007
3
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The weakening dollar has caused many problems for U.S. consumers, but it may also be providing the fuel for one unintended — and very welcome — benefit: a rally in the struggling housing market driven by foreign investors. For an individual or developer trying to sell a home, interested buyers ar...
11/27/2007
We have a nightmare going on right now here on Long Island.Basically, owner was behind in mortgage, sought and got another lender to finance the home, got a short extension from the original lender, paid before the new deadline, but the home was sold to an attorney at auction before the deadline....
11/24/2007
1
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An experienced homeowner knows the price of the house is not the only cost to consider when buying a new home. Here we present other additional costs that will help any future buyer to assess how much house he/she can afford: Utility Payments A homebuyer can always ask a seller to show him s...
11/17/2007
As the number of foreclosures rises, homeowners unable to make their mortgage payments are facing another growing threat: "foreclosure rescue" scams. State and federal authorities say they are investigating an increasing number of homeowner complaints about fraud and deception by companies that e...
11/15/2007
1
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Here are some interesting items reported in the Nov 11, 2007 New York Times.- - - - - - - - - - - - - - - - -The co-op/condo market 2007 vs 2006# of sales higher in 2007Sale prices higher in 2007Median sales price 10% higherInventory 22% lower53 properties sold >4 million in 20077 properties sold...
11/11/2007
2
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About $50 billion in adjustable rate mortgages are resetting now, driving interest rates up for many borrowers. Despite efforts to raise awareness, it doesn't look like anyone is really prepared for what's to come.Most borrowers are likely to scramble to pay the higher expenses, some of which co...
11/09/2007
