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Posts Tagged ‘New York foreclosures’

New York Foreclosures Up

Posted in Foreclosures, Short sales, The Market, tagged , , , , on December 29, 2009 | 1 Comment »

According to the NY Times, foreclosure filings in New York State for 2009 are up 17 percent from 2008, with just over 48,000 cases. Not all filings automatically become bank repossessions- many  will become short sales, loan modifications or get pulled back by the homeowners through other means (like paying the arrearage if at all possible). Even [...]

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What You Should Know Before You Buy a Bank-Owned Foreclosure in New York

Posted in Buying, Foreclosures, tagged , , , , , on January 27, 2009 | 1 Comment »

I should first disclose that I am not, nor have I been in the past, an REO Broker. I have purchased them myself and I have represented buyers in the transactions many times over the years. It is as different an area of real estate from typical transactions as Podiatry is from Opthamology in medicine.These [...]

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