How Speculators Poured Fuel on The Housing Fire.


New research from the Federal Reserve Bank of New York show that nearly one third of purchasers during the boom years already owned a home. Furthermore, the loans they used for their purchases during this period were predominately sub-prime loans where minimal downpayments were required. Finally, it was pointed out in the report that while … More How Speculators Poured Fuel on The Housing Fire.

Sizing Up HARP 2.0


Then new HARP program (Homeowner Affordable Refinance Program) was rolled out on December 1, 2011 in an effort to help more homeowners refinanced their Fannie Mae or Freddie Mac backed mortgages. The details of f the new program however suggest that the process will not help many of the homeowners who are struggling with their … More Sizing Up HARP 2.0

Advice to Condo Associations- Keep an open mind with short sales.


Several of my clients who have recently entered contracts to sell their condominium unit as a short sale have met with resistance from the condominium board when the request is made that the board reduce the amount owed on the common charge arrears. This unwillingness of the board to compromise with the owner will prevent … More Advice to Condo Associations- Keep an open mind with short sales.

Short Sale Success!


Thanks to the hard work of Julien Moliere, licensed real estate agent with Exit All Seasons Realty, another one of my clients owing more than $550,000 combined on their first and second mortgages and facing foreclosure, was able to close on the sale of their home today for $345,000 with their lender accepting the total … More Short Sale Success!