Foreclosure is a process — Not a type of Sale
“I want to buy a foreclosure” If I had a nickle for every time someone said that to me, I could retire. Many home buyers today want a deal! The news media is full of stories about foreclosures and home...
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Real Estate Explained | What is a Short Sale?
In today’s Real Estate market you may here the term “Short Sale” and you are probably wondering to yourself and afraid to ask “What is a Short Sale?“. Well basically a Short Sale in Real Estate is...
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Lockport Foreclosure Properties
Are you looking for a Foreclosure property in Lockport? Here is what is currently available in the Lockport area according to the MLS as Foreclosures/Short Sales: Email Me When New Listings Match This...
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WNY Foreclosure Properties List
Looking to Purchase a Foreclosure? Every WNY foreclosure is a tragedy and an opportunity. A Western New York property enters foreclosure when the original mortgage holder can no longer pay or settle a debt to the lending...
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How to Buy a Bank Owned Property — A little humor
Searching for Bank Owned Homes? What about one of these: For more information call Colleen Kulikowski (716) 650-0051 Thinking of selling your Western New York home? Interested in finding out the current market value...
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Distressed Properties Resources
Here are a some of our most popular articles on Distressed Real Estate, commonly referred to as Foreclosures. Real Estate Explained | Deed In Lieu of foreclosure Deed in lieu of Foreclosure is defined by Wikipedia as: “A...
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City of Buffalo Foreclosures
April 19, 2012 There are 18 active single family homes with an average list price of $52,054 ranging from $13,900 to $149,900 There are 15 pending/under contract sales and 2 closed sales in the past 30 days with an average sold...
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Erie County Foreclosure/Bank Owned/REO Market Report
There is much interest in purchasing homes that are Bank Owned, are short sales or are foreclosures. Many times consumers think that they get the best deals purchasing homes in this status. There are no guarantees and...
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Niagara County REO/Foreclosures Market Report – May 1, 2011
There is much interest in purchasing homes that are Bank Owned, are short sales or are foreclosures. Many times consumers think that they get the best deals purchasing homes in this status. There are no guarantees and...
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Real Estate Explained | Deed In Lieu of foreclosure
Deed in lieu of Foreclosure is defined by Wikipedia as: “A Deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e., the borrower) conveys all interest in a real property to the mortgagee (i.e., the...
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Sold $86,000 – Short Sale — 56 Park Avenue Perry NY 14530
Listing Information: Address: 56 Park Ave City: Perry State: NY Zip: 14530 County: Wyoming Price: $88,000 MLS #: B380365 Property Type: Single Family Listing Type: Resale/New Status: Active Property...
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32 Lyman Avenue Cheektowaga NY 14225
32 Lyman Avenue Cheektowaga NY 14225 MLS: B397383 $79,000 Floor Description: “Hardwood-Some”,”Laminate-Some”,”Wall To Wall Carpet-Some” Garage Description: “Detached” HVAC...
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Mortgage Fraud 101
Are you in trouble? Do you need information regarding foreclosure? Freddie Mac produced a very helpful video about Mortgage Fraud. They also has a web page for Avoiding Mortgage...
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Are You Facing Foreclosure in WNY?
The National Association of REALTORS® has created a useful document for homeowners in “How to Avoid Foreclosure and Keep Your House” if you are in trouble it is an excellent place to start. Some of the resources...
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There is hope! A Short Sale Seller can purchase a home!
Two years after a short sale, a seller can buy a new home! Fannie Mae recently announced that sellers, who elect to sell on a short sale over letting the property go through to final foreclosure, are eligible to buy a new home...
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Writing the Hardship Letter
Today I want to talk about a small but important piece of the short sale – the hardship letter. This is the one time you really need to look at the situation through bank’s eyes. They have taken all the risk and...
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Foreclosure Trickle Down
I came across an interesting article this morning regarding the foreclosure crisis — on how Self-storage facilities are experiencing a high number of units not paying their bills. It is an interesting to see that what is...
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Upside Down or Underwater with your Mortgage? Is your house worth less then what you owe on your mortgage? If so, the term that defines this is called an underwater mortgage or some also call it upside down and you are not...
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Neighborhood Stabilization Program
HUD Announces Temporary Policy In an effort to stabilize home values and improve conditions in communities where foreclosure activity is high, HUD Secretary Shaun Donovan recently announced a temporary policy that will expand...
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What about that vacant house?
We often talk about the Real Estate market and the inventory is the homes that are for sale. But let’s talk about the inventory that really isn’t inventory; yet. What sits waiting and what exactly are they...
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