Archive for the ‘Buyers’ Category

FHA Raising Fees and Tightening Standards

Saturday, January 23rd, 2010

In what could be a sign of rough times ahead, the FHA is raising it's fees and tightening lending standards. The government housing agency is seeing increasing losses due to foreclosures and now has reserves that are below levels required by Congress. FHA insured loans are the overwhelming choice for ...

Re: Loan Modifications Falling Short of Goal

Saturday, January 2nd, 2010

Back in July I wrote this: http://www.therealestateledger.com/2009/07/loan-modifications-falling-short-of-goal/ UPDATE: A New York Times article is pronouncing the Making Home Affordable program... a failure. Initiated by the Obama Administration earlier this year, the program intended to modify the mortgage payments of distressed homeowners so they would be able to afford and continue to live ...

Home Prices Rise for 5th Straight Month

Tuesday, December 29th, 2009

Home prices rose again but in only 11 of the 20 regions tracked by the Standard & Poor's/Case-Shiller home price index. The index is off of it's lows from May of this year but is still well below it's all-time highs in April 2006. On Monday it was reported that ...

Another Foreclosure – 2Family Dongan Hills

Saturday, December 5th, 2009

Residential - Two Family Detached Click Photo for Additional Media and Enlargement     Status: Call for Details (12/5/09) MLS#: 1057374md ER Type: Two Family Detached ListPrice: $282,150 Address: 738 SEAVIEW AVE YearBuilt: 1915/APROX   STATEN ISLAND, NY 10305 Style: Cape Area: DngnHillsB-Hylan BldgDim: 18X30 County: Richmond BuildingSqFt: 864 SqFt Condition: Poor $/Sqft: $326.56 LotSize: 4,500 SqFt Rooms/Unit: 5/ LotDim: 45X100 Bedrooms: 3 Garage: None/0 Car(s), OffStreet TotalBaths: 1 Basement: Full/Unfin Full/3/4/Hlf: 1/0/0 Taxes: $2,262 Zoning: R3-2 Abated: No CofO: N ParcelID: 03481-0012 Rented?: N/ Directions: HYLAN BLVD / FR CAPODANNO BLVD Remarks: BANK OWNED - BUYER PAYS TRANSFER TAX - "SOLD AS IS". Basement:   FULL/UNFINISHED Level 1:   LR, DR, 2 BDRMS Level 2:   BR Level 3:   Listing ...

Another Foreclosure – Port Richmond 2-Family

Sunday, November 1st, 2009

Residential - Two Family Attached End Unit Click Photo for Additional Media and Enlargement      Status: Call for Details MLS#: 1056876m ER Type: Two Family Attached E ListPrice: $199,900 Address: 2292 RICHMOND TER YearBuilt: 2001/APROX   STATEN ISLAND, NY 10302 Style: Colonial Area: Port Richmond BldgDim: 15X40 County: Richmond BuildingSqFt: 2,100 SqFt Condition: Fair $/Sqft: $95.19 LotSize: 1,914 SqFt Rooms/Unit: 6/3 LotDim: 22X87 Bedrooms: 4 Garage: None/0 Car(s), OffStreet TotalBaths: 3 Basement: Full/Apartment Full/3/4/Hlf: 2/0/1 Taxes: $2,840 Zoning: R4 Abated: No CofO: Y ParcelID: 01086-0053 Rented?: N/ Directions: CORNER OF RICHMOND TERR & NICHOLAS AVE Remarks: BANK OWNED AS IS SALE, SOLIDLY BUILT, ALL BRICK. Basement:   LR/EIK, BR, FULL BATH, UTILITY & LAUNDRY ...

Another Foreclosure – Westerleigh 1F Detached

Sunday, October 25th, 2009

Click Photo for Additional Media and Enlargement   Status: Call for Details MLS#: 1056669m ER Type: One Family Detached ListPrice: $325,000 Address: 267 WATERS AVE YearBuilt: 1930/APROX   STATEN ISLAND, NY 10314 Style: Colonial Area: Westerleigh BldgDim: 18X26 County: Richmond BuildingSqFt: 1,044 SqFt Condition: Good $/Sqft: $311.30 LotSize: 2,375 SqFt Rooms/Unit: 7/ LotDim: 25X95 Bedrooms: 3 Garage: None/0 Car(s), OnStreet TotalBaths: 2 Basement: Full/Unfin Full/3/4/Hlf: 1/0/1 Taxes: $2,715 Zoning: R-2 Abated: No CofO: N ParcelID: 01463-0006 Rented?: / Directions: WATCHOGUE RD TO GASCOE TO WATERS AVE. Remarks: #2204-BANK OWNED "AS IS SALE" BUYER PAYS TRANSFER TAX & STAMPS, 3 BEDROOM COLONIAL IN GOOD CONDITION. ALL THIS IN ...

Save $1000 in Closing Costs… Read This!

Thursday, October 22nd, 2009

A closing can be expensive, there's no denying that. I've partnered up with two great professionals: Raj Rajpal of Wells Fargo and Michael Menicucci of Menicucci, Villa & Associates to bring you this limited time offer. From now through December 31st, 2009 purchasing a home through the combination of Thomas ...

Another Foreclosure – Midland Beach Townhouse

Saturday, October 17th, 2009

Click Photo for Additional Media and Enlargement       Status: Call for Details MLS#: 1056564m ER Type: One Family Attached ListPrice: $241,500 Address: 599 LINCOLN AVE YearBuilt: 1991/APROX   STATEN ISLAND, NY 10306 Style: Townhouse Area: Midland Beach BldgDim: 13X40 County: Richmond BuildingSqFt: 1,200 SqFt Condition: Fair $/Sqft: $201.25 LotSize: 1,300 SqFt Rooms/Unit: 5/ LotDim: 13X100 Bedrooms: 2 Garage: None/0 Car(s), OffStreet TotalBaths: 2 Basement: None/None Full/3/4/Hlf: 1/0/1 Taxes: $2,320 Zoning: R3-2 Abated: No CofO: Y ParcelID: 03815-0007 Rented?: / Directions: baden Place Remarks: Bank owned property sold as is condition buyer to pay all transfer taxes. Basement:   NONE Level 1:   LR/DR COMBO, EIK, 1/2 BATH, SLIDERS TO YARD Level 2:   BR, BR & FULL ...

Another Foreclosure – West Brighton Two Family

Monday, October 12th, 2009

Click Photo for Additional Media and Enlargement            Status: Call for Details MLS#: 1053648m ER Type: Two Family Detached ListPrice: $295,000 Address: 177 MYRTLE AVE YearBuilt: 1920/APROX   STATEN ISLAND, NY 10310 Style: Colonial Area: West Brighton BldgDim: 21X34 County: Richmond BuildingSqFt: 1,392 SqFt Condition: Good $/Sqft: $211.93 LotSize: 6,750 SqFt Rooms/Unit: 5/3 LotDim: 45X150 Bedrooms: 3 Garage: None/0 Car(s), OffStreet TotalBaths: 2 Basement: Full/Unfin Full/3/4/Hlf: 2/0/0 Taxes: $2,470 Zoning: R3 A Abated: No CofO: Y ParcelID: 00219-0083 Rented?: / Directions: Clove to Myrtle Remarks: Bank owned property, sold "as-is" condition. Buyer to pay all transfer taxes. Basement:   FULL, UNFINISHED Level 1:   LR, KITCHEN/DINING ROOM, 2 BEDROOMS, FULL BATH Level 2:   LR, KITCHEN, ...

Another Foreclosure – Oakwood Townhouse

Saturday, October 10th, 2009

Click Photo for Additional Media and Enlargement           Status: Call for Details MLS#: 1056087m ER Type: One Family Attached ListPrice: $373,500 Address: 564 RIGA ST YearBuilt: 2004/APROX   STATEN ISLAND, NY 10306 Style: Townhouse Area: Oakwood BldgDim: 14X42 County: Richmond BuildingSqFt: 1,789 SqFt Condition: Good $/Sqft: $208.78 LotSize: 1,173 SqFt Rooms/Unit: 6/ LotDim: 14X80 Bedrooms: 3 Garage: BuiltIn/1 Car(s), OffStreet TotalBaths: 2 Basement: Partial/Unfin Full/3/4/Hlf: 1/0/1 Taxes: $1,031 Zoning: R3X Abated: No CofO: N ParcelID: 04690-0137 Rented?: / Directions: Guyon ave to Riga Street Remarks: Bank owned property sold as -is condition, buyer to pay all transfer taxes Basement:   GARAGE, UNFINISHED Level 1:   ENTRY, LR/DR COMBO, 1/2 BATH, CLOSET, LAUNDRY, KITCHEN W/ ...