-
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 institution. The property then enters foreclosure, with the lender taking full possession of the WNY property. In most [...]
-
City of Buffalo Foreclosures
March 25, 2013 There are 37 active single family homes with an average list price of $24,133 ranging from $1,000 to $97,337 There are 18 pending/under contract sales and 2 closed sales in the past 30 days with an average sold price of $40,175 spending an average of 77 days on the market YTD there [...]
-
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 yes some people get some great deals, while others have many unexpected expenses. When you buy a foreclosed [...]
-
Niagara County REO/Foreclosures 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 yes some people get some great deals, while others have many unexpected expenses. Read Also: WNY Foreclosure Properties [...]
-
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 waiting for? Out showing properties to a client of mine this evening, we discussed a problem that many [...]
-
Foreclosure is a process — Not a type of Sale
A foreclosure is the process that a bank, homeowner and property go through when the homeowner is behind on the payments. Foreclosure has become the sexy word that the media has used. Bank Owned, Government Owned, Short Sale or Distressed Sale -- well those words aren't as sexy as the word Foreclosure. The media needs a sexy word to sell headlines.
-
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 cited in this document include: For immediate advice, call 888-995-HOPE To speak to a counselor on how to [...]
-
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: 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 of your single family [...]
-
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 when a sale of a house in which the proceeds fall short of what the owner still owes [...]
-
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 happening as a direct result of the foreclosure crisis. Not only are buyers finding it more difficult to [...]
-
Should I do a Short Sale in Western New York
There are a few ways to decide whether it is worth it or not in Western New York. You see... a Short Sale is a method for reducing your debt. It is NOT Free though. It has its costs and they are not all short term. The most obvious negative effect is to your Credit. A Short Sale is a "derogatory". That means that you will have significant damage done to your credit.
-
Mortgage Fraud 101
Are you in trouble? Do you need information regarding foreclosure? Recently Freddie Mac video about Mortgage Fraud. They also has a webpage for Avoiding Mortgage Fraud.
-
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 of your single family home, condo or investment property? Then call www.BestBuffaloHomes.com at (716) 650-0051 to discuss what is happening [...]
-
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 ultimately deciding if the transaction is going to go through. The hardship letter [...]
