by Phyllis Rockower | Jul 31, 2013 | Housing News
[highlight bg=”#fff199″ color=”#000000″]What’s the real estate market doing now?[/highlight] Lots of contrasting trends. On one hand,Notices of default are up 39% . But houses actually getting foreclosed on fell 28% from the prior quarter as...
by Phyllis Rockower | Jul 25, 2013 | Uncategorized
Thank god that trend is going away . It’s been impossible to find deals when those big boys are in there buying without regard to comps. They don’t have to worry about appraisals since they are paying cash. We as investors have to be concerned about what...
by Phyllis Rockower | May 23, 2013 | Real Estate News Posts
Under terms of a settlement with Banks and NY attorney general, Banks are supposed to do more to help homeowners. They are are actually doing not too much in principal reduction which was supposed to be the main benefit. They are leaning heavily towards short sales...
by Phyllis Rockower | May 6, 2013 | Real Estate News
No surprise here. They are continuing to violate loan modification, short sale requirement time lines. I know this personally since i am involved in a short sale with my mom’s place in Fla. We had 3 offers over 270 which the bank turned down. We had another...
by Phyllis Rockower | May 3, 2013 | Uncategorized
No- its not like last time. Last time if you could breathe you got a loan. Today you have it’s prove income, assets and have a healthy down payment. You will pay a high interest rate and if your credit score is low, you might have to put down up to 40%. For...
