New York Real Estate Blog: December 2008

Loan Modification Q&A - Top 10 Questions Answered- Question #5 - What is a standard Hardship situation?

Every homeowner will without a doubt have a distinctive set of conditions that set off a domino effect and caused them to get behind on their home mortgage, but in general the lenders consider:

• loss of income
• death of spouse
• divorce/separation
• illness of owner or co borrower (spouse or immediate family)
• job relocation
• military service

These are the most common and acceptable reasons your bank/lender will consider a loan modification. A compelling hardship letter (have one handwritten in your language if you don't speak much English and typed and translated as well) included with your request - a vital part of a successful application.

This is not to say that if your reason for falling behind is not on this list that your bank/lender won't consider you as a candidate for loan modification. If you'd like to have your situation assessed absolutely free with no obligation - call me directly at 646-294-2561 or email me at ProRealtor@verizon.net

In case you missed the previous article Question #4 - Will a loan modification stop my foreclosure?

 

To find the value of your home with a FREE, over-the-net home HIGHEST Price Analysis, please visit: http://www.newyorkmarketvalue.com/

 

SEARCH over 50,000 homes online for FREE and be the first to know about HOT NEW LISTINGS before other buyers do, please visit http://www.allnylistings.com/

Disclaimer: The above Real Estate information was provided by Vincent Martinez, Realtor for the #1 Real Estate offices in New York and the #4 office in the USA. Vincent Martinez is a Certified Realtor Short Sale Professional by the Long Island Board of Realtors (L.I.B.O.R.) and a member of Prudential Douglas Elliman - Licensed Real Estate Broker. Vincent Martinez does not guarantee or is any way responsible for the accuracy of the information in this blog post and information provided is without warranties of any kind, either express or implied. Information here represents the opinions and ideas of the author; comments by others may not express the views of the author. Copyright © 2008 By Vincent Martinez, Loan Modification Q&A - Top 10 Questions Answered- Question #5 - What is a standard Hardship situation? All Rights Reserved.

Friend me on Facebook 

Follow me on Twitter

The Next Wave Of Default Properties - It's About To Begin!!! Watch The Video!

It's coming... it's inevitable and according to the experts we've just seen the tip of the iceberg in 2008! The next five or six years things are going to get real serious. Alt A's and Option ARMs are about to reset through out the country. Chances are you've never heard of these but just cause you've never heard of them doesn't mean that it won't affect you personally.

What does this mean? Well, for starters if you have one of these then you need to act NOW!!! An ounce of prevention is worth a pound of the cure. If you wait too long then chances are no one will be able to help you. The phone lines will be busy 24 hours a day 7 days a week . The people in charge will have files stacked up to ceiling and will not want to take on anymore. I urge you to take action NOW if you have any problems with your mortgage. If you need assisatnce the time to act is NOW!! Call me directly at 646-294-2561 for additional information on what you could do on your own to avoid the heartache millions of Americans will inevitable endure.

Watch the video...

 

 

 

To find the value of your home with a FREE, over-the-net home HIGHEST Price Analysis, please visit: http://www.newyorkmarketvalue.com/

 

SEARCH over 50,000 homes online for FREE and be the first to know about HOT NEW LISTINGS before other buyers do, please visit http://www.allnylistings.com/

Disclaimer: The above Real Estate information was provided by Vincent Martinez, Realtor for the #1 Real Estate offices in New York and the #4 office in the USA. Vincent Martinez is a Certified Realtor Short Sale Professional by the Long Island Board of Realtors (L.I.B.O.R.) and a member of Prudential Douglas Elliman - Licensed Real Estate Broker. Vincent Martinez does not guarantee or is any way responsible for the accuracy of the information in this blog post and information provided is without warranties of any kind, either express or implied. Information here represents the opinions and ideas of the author; comments by others may not express the views of the author. Copyright © 2008 By Vincent Martinez, The Next Wave Of Default Properties - It's About To Begin!!!  All Rights Reserved.

Friend me on Facebook 

Follow me on Twitter

Loan Modification Q&A - Top 10 Questions Answered- Question #4 - Will a loan modification stop my foreclosure?

Yes, however you must understand that there are several factors that the bank will take into consideration before agreeing to stop the foreclosure procedure.

Let's take a closer look at so fo the factors involved:

Equity in the property - Should they consider you for a modification knowing that you have other options of satisfying your debt with them? If you've your home in the last couple of years then you will more than likely be able to proceed to the next step.

Amount Owed - The bank/lender will scrutinize the amount owed at this time and calculate your late payments, reinstantement costs, and all other fees associated with bringing you current on your mortgage. With a good understanding of how to negotiate with the lender/bank you may be able to get them to waive all fees and also have them agree to lower interest rate. Call me for more info on how to accomplish this easy task.

Hardship - You will need to provide a hand written letter (this is my suggestion) and a typed letter explaining the reasons that have caused you to become late on your mortgage payment. We will cover acceptable hardship situations on the post.

Ability to pay - If you are approved the bank wants to certain that you will not fall back on hard times and they will require you to supply them with financial documents that support your ability to pay the modified loan amount.

Future financial situation - Have you convinced them that the situation was temporary and the solution they are offering will help you stay on track?

The final factor they will deliberate on is - Does it make more sense to have the borrower sell the home via a short sale?

The goal to working with your bank/lender is to find a solution, and make sure your loan is brought up to date and the foreclosure process is terminated. If you'd like further assistance and better insight into the world of loan medications you can contact me at any time directly at 646-294-2561 or email me at ProRealtor@verizon.net

If you missed the previous article Question #3 - Can anyone qualify for a loan modification? click here

 

To find the value of your home with a FREE, over-the-net home HIGHEST Price Analysis, please visit: http://www.newyorkmarketvalue.com/

 

SEARCH over 50,000 homes online for FREE and be the first to know about HOT NEW LISTINGS before other buyers do, please visit http://www.allnylistings.com/

Disclaimer: The above Real Estate information was provided by Vincent Martinez, Realtor for the #1 Real Estate offices in New York and the #4 office in the USA. Vincent Martinez is a Certified Realtor Short Sale Professional by the Long Island Board of Realtors (L.I.B.O.R.) and a member of Prudential Douglas Elliman - Licensed Real Estate Broker. Vincent Martinez does not guarantee or is any way responsible for the accuracy of the information in this blog post and information provided is without warranties of any kind, either express or implied. Information here represents the opinions and ideas of the author; comments by others may not express the views of the author. Copyright © 2008 By Vincent Martinez, Loan Modification Q&A - Top 10 Questions Answered- Question #4 - Will a loan modification stop my foreclosure? All Rights Reserved.

Friend me on Facebook 

Follow me on Twitter

Loan Modification Q&A - Top 10 Questions Answered- Question #3 - Can anyone qualify for a loan modification?

The most important factor your bank/lender will be concentrating on is your capacity to make the new personalized payment from now on. You're required to furnish the bank/lender with proof of your income (paystubs, W-2's, etc.,), along with a comprehensive and accurate financial worksheet (I have these available for you) detailing your income and expenses to make clear to them that if approved for the modification, you will be capable of having the funds for the new, lower payment. This part that is crucial to your success in obtaining a loan modication.

If you've gotten this far and have been denied the loan modication then you are a candidate for a short sale.

Contact me immediately as you only have one option in this case! 

If you missed the previous article Question #2 - Will my bank include late fees in my Loan Modification?click here.

 

To find the value of your home with a FREE, over-the-net home HIGHEST Price Analysis, please visit: http://www.newyorkmarketvalue.com/

 

SEARCH over 50,000 homes online for FREE and be the first to know about HOT NEW LISTINGS before other buyers do, please visit http://www.allnylistings.com/

Disclaimer: The above Real Estate information was provided by Vincent Martinez, Realtor for the #1 Real Estate offices in New York and the #4 office in the USA. Vincent Martinez is a Certified Realtor Short Sale Professional by the Long Island Board of Realtors (L.I.B.O.R.) and a member of Prudential Douglas Elliman - Licensed Real Estate Broker. Vincent Martinez does not guarantee or is any way responsible for the accuracy of the information in this blog post and information provided is without warranties of any kind, either express or implied. Information here represents the opinions and ideas of the author; comments by others may not express the views of the author. Copyright © 2008 By Vincent Martinez, Can anyone qualify for a loan modification? All Rights Reserved.

Friend me on Facebook 

Follow me on Twitter

Loan Modification Q&A - Top 10 Questions Answered- Question #2 - Will my bank include late fees in my Loan Modification? 

The banks know that when they are dealing directly with the homeowner they have a huge advantage over them. They may decide to give you a take it or leave it solution. Don't take it! I wouldn't!!!

Why shouldn't you accept it? Well, what you should know is that the late charges that have built up should be disregarded by the bank (or lender) at the time of the loan workout.

Please Note: This can vary depending on the nature of your loan or loans (if you're holding a second mortgage). You should, every time without exception, ask for (don't demand) a full rundown and explanation of all charges and fines from your bank. You need to get as much information as possible upfront or you will not be succesful when renegotiating the terms of your loan.

If you missed the previous post Question# 1 - What exactly is a loan modification? click here 

If you have any questions on how you can prepare yourself and be in the best possible position to potentially save hundreds, maybe even thousands of dollars from your mortgage, please call me directly at 646-294-2561 or email me at ProRealtor@verizon.net I will be happy to answer any of your questions.

 

 

To find the value of your home with a FREE, over-the-net home HIGHEST Price Analysis, please visit: http://www.newyorkmarketvalue.com/

 

SEARCH over 50,000 homes online for FREE and be the first to know about HOT NEW LISTINGS before other buyers do, please visit http://www.allnylistings.com/

Disclaimer: The above Real Estate information was provided by Vincent Martinez, Realtor for the #1 Real Estate offices in New York and the #4 office in the USA. Vincent Martinez is a Certified Realtor Short Sale Professional by the Long Island Board of Realtors (L.I.B.O.R.) and a member of Prudential Douglas Elliman - Licensed Real Estate Broker. Vincent Martinez does not guarantee or is any way responsible for the accuracy of the information in this blog post and information provided is without warranties of any kind, either express or implied. Information here represents the opinions and ideas of the author; comments by others may not express the views of the author. Copyright © 2008 By Vincent Martinez, Loan Modification Q&A - Top 10 Questions Answered- Question #2 - Will my bank include late fees in my Loan Modification? All Rights Reserved.

Friend me on Facebook 

Follow me on Twitter

Loan Modification Q&A - Top 10 Questions Answered- Question #1 - What exactly is a loan modification? 

The loan modification procedure can be trying and confusing for countless of tormented homeowners. So let's get right to it. A loan modification is a permanent alteration (yes... it's permanent if you know how to do it properly) in one or more conditions of a mortgagor's home loan, allowing the loan to be reestablished. By going about the right way it results in a payment the homeowner can manage to pay for.

A word of caution - I've counseled several home owners that were not able to accomplish this on their own. The reason being they were in too much of a rush and didn't submit the proper paperwork required for a successful loan modification.

In the coming posts I will discuss the paperwork in detail. If for any reason you can't wait for it you can contact me directly at 646-294-2561 or email me at ProRealtor@verizon.net I will be happy to assist you.

 

 

To find the value of your home with a FREE, over-the-net home HIGHEST Price Analysis, please visit: http://www.newyorkmarketvalue.com/

 

SEARCH over 50,000 homes online for FREE and be the first to know about HOT NEW LISTINGS before other buyers do, please visit http://www.allnylistings.com/

 

Disclaimer: The above Real Estate information was provided by Vincent Martinez, Realtor for the #1 Real Estate offices in New York and the #4 office in the USA. Vincent Martinez is a Certified Realtor Short Sale Professional by the Long Island Board of Realtors (L.I.B.O.R.) and a member of Prudential Douglas Elliman - Licensed Real Estate Broker. Vincent Martinez does not guarantee or is any way responsible for the accuracy of the information in this blog post and information provided is without warranties of any kind, either express or implied. Information here represents the opinions and ideas of the author; comments by others may not express the views of the author. Copyright © 2008 By Vincent Martinez, Loan Modification Q&A - Top 10 Questions Answered- Question #1 - What exactly is a loan modification? All Rights Reserved.

Friend me on Facebook 

Follow me on Twitter

The third solution towards stopping foreclosure I would have to say is hire a Realtor with experience in doing short sales.

Not every Realtor can assist you in stopping foreclosure.

I'm not going to knock them, however, you must realize that some licensees are weekend Realtors and some even part timers. They have other responsibilties during the week. Interview your Realtor, afterall, if they don't have the time to see it through you will eventually be foreclosed upon.

Another reason you don't want to start a short sale is there are other solutions. A loan Modification for example. If you missed that article I wrote - here's the direct link to it - How Can I Modify My Own Loan?

Read it and then decide if a short sale is right for your specific situation.

If you are reading this and own a property that is a potential candidate for one of these three solutions, remember time is of the essence here. The closer you get to your lenders foreclosure date the harder it will become. So act now! Don't procrastinate! You don't have the luxury because time is not on your side!

Another option that you have if you reside in the Queens, Brooklyn, or Long Island areas in NYC is email me at ProRealtor@verizon.net . I will be more than happy in giving you some pointers on how to speak with the bank and perhaps even help you save your home - your castle- on your own!

 

To find the value of your home with a FREE, over-the-net home HIGHEST Price Analysis, please visit: http://www.newyorkmarketvalue.com/

 

SEARCH over 50,000 homes online for FREE and be the first to know about HOT NEW LISTINGS before other buyers do, please visit http://www.allnylistings.com/

Disclaimer: The above Real Estate information was provided by Vincent Martinez, Realtor for the #1 Real Estate offices in New York and the #4 office in the USA. Vincent Martinez is a Certified Realtor Short Sale Professional by the Long Island Board of Realtors (L.I.B.O.R.) and a member of Prudential Douglas Elliman - Licensed Real Estate Broker. Vincent Martinez does not guarantee or is any way responsible for the accuracy of the information in this blog post and information provided is without warranties of any kind, either express or implied. Information here represents the opinions and ideas of the author; comments by others may not express the views of the author. Copyright © 2008 By Vincent Martinez, Stopping Foreclosure - Option #3 All Rights Reserved.

Friend me on Facebook 

Follow me on Twitter

If somebody can't put their mortgage payment together and they are otherwise insolvent (this means their total debts are greater than their assets.) then they without a doubt qualify for a short sale.

Just remember, the bank may or may not approve the shortsale, this is not always the best solution - Read: Vincent, How Can I Modify My Own Loan?

 

 

To find the value of your home with a FREE, over-the-net home HIGHEST Price Analysis, please visit: http://www.newyorkmarketvalue.com/

 

SEARCH over 50,000 homes online for FREE and be the first to know about HOT NEW LISTINGS before other buyers do, please visit http://www.allnylistings.com/

 

Friend me on Facebook 

Follow me on Twitter

 

Disclaimer: The above Real Estate information was provided by Vincent Martinez, Realtor for the #1 Real Estate offices in New York and the #4 office in the USA. Vincent Martinez is a Certified Realtor Short Sale Professional by the Long Island Board of Realtors (L.I.B.O.R.) and a member of Prudential Douglas Elliman - Licensed Real Estate Broker. Vincent Martinez does not guarantee or is any way responsible for the accuracy of the information in this blog post and information provided is without warranties of any kind, either express or implied. Information here represents the opinions and ideas of the author; comments by others may not express the views of the author. Copyright © 2008 By Vincent Martinez, Do I Quailfy For A Short Sale? - I Owe More Than What My Home Is Worth! All Rights Reserved.

So what's the difference? And will it really make a differece today?

Locking in the rate

When shopping around for a loan, the lender may present you a quote for the mortgage interest rate and points (further costs charged by the lender more often than not paid at closing by the borrower).

These only correspond to conditions existing at the time of the quote. They may not be offered by the closing date (which may be weeks or months away). To guarantee the rate and points are the unchanged at closing as they are when quoted, you'll have to to lock-in the interest rate (rate commitment).

The majority of lenders will commit, in writing, to a mortgage interest rate for a particular time period while your loan request is processed - this is known as "locking-in" the rate.

If you decide on locking-in an interest rate, it is best to do business with a lender who provides a written lock-in agreement. Be sure to read this agreement cautiously , some lock-in agreements turn out to be void due to actions outside of your power- such as a modification in the highest rate for VA-guaranteed loans.

Floating the Rate

Buyers in today's market are picking more and more everyday to float the loan since they believe interest rates will drop after their loan application and prior to closing (the word on the street is after the first of January in 2009 the rates will go down).

The risk is that rather than dropping, interest rates rise, increasing the mortgage payment.

To find the value of your home with a FREE, over-the-net home HIGHEST Price Analysis, please visit: http://www.newyorkmarketvalue.com/

 

SEARCH over 50,000 homes online for FREE and be the first to know about HOT NEW LISTINGS before other buyers do, please visit http://www.allnylistings.com/

 

Friend me on Facebook 

Follow me on Twitter

 

Disclaimer: The above Real Estate information was provided by Vincent Martinez, Realtor for the #1 Real Estate offices in New York and the #4 office in the USA. Vincent Martinez is a Certified Realtor Short Sale Professional by the Long Island Board of Realtors (L.I.B.O.R.) and a member of Prudential Douglas Elliman - Licensed Real Estate Broker. Vincent Martinez does not guarantee or is any way responsible for the accuracy of the information in this blog post and information provided is without warranties of any kind, either express or implied. Information here represents the opinions and ideas of the author; comments by others may not express the views of the author. Copyright © 2008 By Vincent Martinez, Locking in vs. Floating the Rate All Rights Reserved.

Stopping foreclosure isn't very difficult if you have the right professional, that understands the entire process, on your side. Something related to modifying the loan is called a Forbearance Agreement and it is an option the banks are willing to offer to help with stopping foreclosure. This is when you in fact negotiate an "arrangement" with the bank.

You can request from your lender if they will "tack" on the amount owed in arrears to the back of the loan. You could also ask if your lender if they would be agreeable to receive a smaller segment upfront and insert the balance to the back of the loan. Another alternative to stopping foreclosure is to ask to pay some upfront and exonerate the rest. Or you could even ask to absolve the whole thing.

Banks want to work with us in stopping foreclosure. They are not in the business of owning houses and in fact don't care to have any in their portfolio.

If you'd like me to show you how or know of someone that needs guidance with stopping foreclosure email me at ProRealtor@verizon.net

 

Make sure to read Option #1 -  Vincent, How Can I Modify My Own Loan?

 

Friend me on Facebook 

Follow me on Twitter

To find the value of your home with a FREE, over-the-net home HIGHEST Price Analysis, please visit: http://www.newyorkmarketvalue.com/

 

SEARCH over 50,000 homes online for FREE and be the first to know about HOT NEW LISTINGS before other buyers do, please visit http://www.allnylistings.com/

 

Disclaimer: The above Real Estate information was provided by Vincent Martinez, Realtor for the #1 Real Estate offices in New York and the #4 office in the USA. Vincent Martinez is a Certified Realtor Short Sale Professional by the Long Island Board of Realtors (L.I.B.O.R.) and a member of Prudential Douglas Elliman - Licensed Real Estate Broker. Vincent Martinez does not guarantee or is any way responsible for the accuracy of the information in this blog post and information provided is without warranties of any kind, either express or implied. Information here represents the opinions and ideas of the author; comments by others may not express the views of the author. Copyright © 2008 Stopping Foreclosure - Option #2 By Vincent Martinez, All Rights Reserved.

I urge you to read this entire post it could save your life or the life of someone you know!

I knew about the *69 and *82 features on phones but never about this one...

It was around noontime, and a young woman was driving to visit one of her friends. An UNMARKED police vehicle pulled up behind her and turned his lights on. The young woman's parents have continuously told her never to pull over for an unmarked car on the side of the road, but rather to wait until they get to a gas station, etc.

She had actually listened to her parents counsel, and without delay called *77 on her cell phone to tell the police dispatcher that  she would not pull over at this instant. She proceeded to notify the dispatcher that there was an unmarked police car with a flashing red light on his rooftop following her. The dispatcher checked to see if there were police cars where she was and there weren't, and he told her to continue driving, stay relaxed and that he had back up by now on the  way.

Ten minutes later 4 cop cars enclosed her and the unmarked car behind her. One police officer went to her side and the others encircled the car behind. They pulled the guy from the car and tackled him to the floor. The man was a convicted rapist and sought after for other crimes.

I never knew about the *77 Cell Phone Feature, but particularly for a woman unaccompanied in a car,  you should not pull over for an unmarked car. According to the grapevine police have to have a high regard for your right to keep going to a safe place.

So, now it's your turn to let your friends know about *77.

P.S. Make sure to send this to every woman (and person) you know or redirected them to this post; it may save a life. This applies to all 50 states.

P.P.S. My wife had a great idea - She placed a sticker inside the back cover of her cell phone with the *77 code. She now carries it with her at all times.

 

Friend me on Facebook 

Follow me on Twitter

 

To find the value of your home with a FREE, over-the-net home HIGHEST Price Analysis, please visit: http://www.newyorkmarketvalue.com/

 

SEARCH over 50,000 homes online for FREE and be the first to know about HOT NEW LISTINGS before other buyers do, please visit http://www.allnylistings.com/

A short sale more often than not executed to put a stop to a home foreclosure. Time and again a bank will elect to consent to a short sale if they estimate that it will result in a lesser financial loss than foreclosing. For the home owner, the advantages involve avoidance of having a foreclosure on their credit record and the limited control of the monetary shortage. Furthermore, a short sale is on average faster and less costly than a foreclosure.

In a nutshell, a short sale is nothing more than settling with lien holders a payoff for a smaller amount than what they are due, or more accurately a sale of a balance due, normally on a piece of real estate, short of the full debt amount.

If you or someone you know is at the beginning stages of this process then have them seek the advice of a professional as they can completely avoid having to travel down this path.

If you'd like me to point you in the right direction then email me at ProRealtor@verizon.net

 

Click here to read - Vincent, Can I really Modify My Own Loan? 

 

 

Friend me on Facebook 

Follow me on Twitter

 

To find the value of your home with a FREE, over-the-net home HIGHEST Price Analysis, please visit: http://www.newyorkmarketvalue.com/

 

SEARCH over 50,000 homes online for FREE and be the first to know about HOT NEW LISTINGS before other buyers do, please visit http://www.allnylistings.com/

You can call up your bank and ask them to re-establish the loan. You may be permitted to reinstate or make the loan up to date by paying a lump sum or making scheduled payments to your lender over a given amount of time. Just put in plain words to them you had a small number of troublesome months and things are now well again and most lenders will try to work something out with you.

Here is an example:

John Doe falls in arrears 3 payments on his house. He pays $3000 a month for a mortgage payment. Then we add on $1000 in late fees. Mr. Doe is in debt a total of $10,000 to re-establish the loan. He sells a lot of his personal possessions for $10,000. So he pays the bank, and they say "Thank You", and Mr. Doe proceeds to make his usual monthly mortgage expense. The NOD (Notice of Default)  is disregarded, the house is brought out of foreclosure, and one and all are happy. Nevertheless, John's credit was, in spite of everything, hit with the NOD which will hurt a little.

By using a professional he may have been able to negotiate better terms for himself. As in my previous posts - I can't stress this enough! - If you'd like me to guide you in the right direction direction then email me directly at ProRealtor@verizon.net

 

 

Friend me on Facebook 

Follow me on Twitter

To find the value of your home with a FREE, over-the-net home HIGHEST Price Analysis, please visit: http://www.newyorkmarketvalue.com/

 

SEARCH over 50,000 homes online for FREE and be the first to know about HOT NEW LISTINGS before other buyers do, please visit http://www.allnylistings.com/

Here are some of the acceptable reasons a bank would be willing to modify your loan:

If you are presently in a:

• negative amortization loan
• interest only loan
• adjustable rate loan
• facing foreclosure
• are late on your mortgage
• will not be able to pay your mortgage

Especially if you have financial troubles such as:

• loss of employment
• loss of, or reduced income
• recent divorce
• health issues and/or excessive medical bills
• excessive debt
• death of a spouse, family member, or co-income generator
• increase of monthly payment obligations
• loss or failure of business
• property damage
• incarceration
• inability to refinance for any reason

Remember these are just some of the guidelines and I urge you to seek a professional to help you in the qualifying your situation.

I'll be more than happy to point you in the right direction.. just email me at ProRealtor@verizon.net

 

Friend me on Facebook 

Follow me on Twitter

To find the value of your home with a FREE, over-the-net home HIGHEST Price Analysis, please visit: http://www.newyorkmarketvalue.com/

 

SEARCH over 50,000 homes online for FREE and be the first to know about HOT NEW LISTINGS before other buyers do, please visit http://www.allnylistings.com/

Aboslutely!!! You can even do it on your own.

However, I do recommend that you seek a professional to help you out. Afterall, you wouldn't hire your brother in-law to perform open heart surgery on you just because he wasn't busy, would you?

By having a professional assist you, in most cases they will be able to have your payments substantially reduced, have a fixed rate loan (negotiated with very low interest rates), and sometimes even principle reductions.  Your payment should decrease by about 15-40% and the foreclosure process, if any, will be immediately stopped. 

If you'd like me to point you in the right direction please email me at ProRealtor@verizon.net

 

Friend me on Facebook 

Follow me on Twitter

To find the value of your home with a FREE, over-the-net home HIGHEST Price Analysis, please visit: http://www.newyorkmarketvalue.com/

 

SEARCH over 50,000 homes online for FREE and be the first to know about HOT NEW LISTINGS before other buyers do, please visit http://www.allnylistings.com/

Property Description 

Gorgeous Home in Peaceful Rocky Point Long Island NY. Pre-Foreclosure Det 1 Fam Raised Ranch 3Brs 2Bths Finish Basement Private Driveway & 2 Car Garage. Property Is Subject To A Bank Approval Of A Short Sale !!

             

Listing Price $279,000

Bsmt/Subfl- Full Unfinished

1^st Floor- Lr - Dr - Eik - 3 Bedrooms - Full Bath.

2^nd Floor- Storage Attic

Lot Size- .25 Acres

Lot Square Footage- 9,583

School District- 9

Approx Year Built- 1978

Construction- Frame

Block- 600

Lot- 15000

Listing Price $279,000

Show Instructions- By Appointment Only;      Lockbox

 

Friend me on Facebook 

Follow me on Twitter

To find the value of your home with a FREE, over-the-net home HIGHEST Price Analysis, please visit: http://www.newyorkmarketvalue.com/

 

SEARCH over 50,000 homes online for FREE and be the first to know about HOT NEW LISTINGS before other buyers do, please visit http://www.allnylistings.com/

Property Description 

2 Fam Colonial In Fair Conition Needs Little Tlc. Just 2 Block From Roosevelt Ave On 108th St. Walk To The 7 Train and Other Trasportation & Shopping... Subject to bank's approval of a short sale.

               

Listing Price $619,000

Bsmt/Subfl- Full Unfinished

1^st Floor- Lr - Dr - Eik - 2 Bedrooms - Full Bath

2^nd Floor- Lr - Dr - Eik - 3 Bedrooms - Full Bath

Lot Size- 25 X 100

Lot Square Footage- 2,500

Building Size- 20 X 51

School District- 24

Zoning- R6B

Approx Year Built- 1915

Construction- Frame

Block- 1774

Lot- 39

 

Listing Price $619,000

Show Instructions- By Appointment Only

Friend me on Facebook 

Follow me on Twitter

To find the value of your home with a FREE, over-the-net home HIGHEST Price Analysis, please visit: http://www.newyorkmarketvalue.com/

 

SEARCH over 50,000 homes online for FREE and be the first to know about HOT NEW LISTINGS before other buyers do, please visit http://www.allnylistings.com/

I just looked at my stats and noticed that I have written 399 Blog Posts on active|rain. This is my 400th post! In addition I have over 164,000 points and I'm currently ranked # 1 in Queens County NY.

But that's not all; I've met a lot of wonderful people... some that would even become clients and customers. I've even come across an old neighborhood buddy here that is in our industry - he's now living and prospering 1000 miles away. 

The power of active|rain has surpassed my expectations!!!

This has been an amazing 16 months for me here at active|rain. I've learned things that would have taken me a lifetime to learn. And there's still sooo much that I'd like to learn and master here with the help of all of you.

I want to thank the active|rain cream of the crop and all of its outstanding community members that selflessly shared their best with me. Thank you all.

 

Gratefully,

Vincent Martinez

 

 

Friend me on Facebook 

Follow me on Twitter

 

To find the value of your home with a FREE, over-the-net home HIGHEST Price Analysis, please visit: http://www.newyorkmarketvalue.com/

 

SEARCH over 50,000 homes online for FREE and be the first to know about HOT NEW LISTINGS before other buyers do, please visit http://www.allnylistings.com/