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Foreclosure Blogs
Saturday, September 27, 2008 Dayton, Ohio is beginning to work their way up the latter. Their communities, school and its environment has improved tremendously during the last few months. They are far from the cookie cutter homes. You'll see a variety of historic homes, ranch homes and duplexes with good bones that are definitely the money maker of Dayton's communities. Its custom built homes make these neigborhoods more attractive and its occupancy is quickly rising. This is a growing city filled with family oriented activities and has attracted a generation of young families looking to raise their children in a friendly environment.Wednesday, July 9, 2008 Not all sections of Brooklyn is going downhill, Williamsburgh & Greenpoint seems to have properties well over 1.2M, and their inventory is getting smaller and smaller. Even a parking lot or a 2 car garage will easily sell for over a half million dollars. With its young and trendy shops, these locations offer, it has attracted both young and old who want to live where there is a shorter commute to the city. East New York is definitely showing some signs of struggle. Many homeowners have taken it upon themselves to sell their own homes without the use of a realtor, just so they can get as much possible for their homes. Tuesday, June 3, 2008 Many homeowners have decided to take complete control of selling their own property. With the current market not doing so well, many homeowners in East New York and the Brownsville section of Brooklyn feel forced to put up their own "For Sale by Owner" signs, and try to get the most for their property. They find themselves having to take up the task of selling their properties instead of having a professional handle their transactions. For those of you who haven't been able to get a descent mortgage, this is definitely the right time to buy. Sellers have not only lowered their asking price, they have also decided to do non-conventional financing. Right now, you can actually get a fixer-upper 1 family bungalow in the Brighton Beach area of Brooklyn for only 299K, or a condo on Nostrand Ave for 249K For every advantage in this market there is a disadvantage. We cannot all come out winning during these times....
Monday, May 27, 2008 Foreclosures in New York Metro are at an all time high. Numerous multi-family homes are visible throughout BedStuy, Brooklyn, & Jamaica, Queens that have been completely abandoned or taken back by mortgage lenders.. Lots of business and renovations are also seen throughout these neighborhoods, but what about those homeowners who have already invested in this area? Has the mortgage industry gotten so desperate that they have given high mortgages to people that cannot afford it? The calculations these mortgage companies use are completely off base. They have made outstanding promises to property owners and with these rising adjustable mortgage rates, it has been a made it impossible to maintain their property. This government has taken complete advantage of the most vulnerable people who want to stay in their community, but at a steep cost. We no longer can rely or believe anything these banks have to offer us, and has made homeownership a complete nightmare! |
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