Foreclosure Center

Foreclosures and Short Sales are a reality in Real Estate. Here is information for you to better understand the complexities of sales involving a Foreclosure or a Short Sale.

Are You Facing Foreclosure in WNY? 7

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 […]

Foreclosure sign

open house directional sign

Open Houses don’t sell houses! 16

Well Let’s talk about how we approach to having an Open House. Expect that an Open House won’t sell your home. But some homes are sold through an Open House. An Open House is our opportunity to meet potential Buyers and start the home buying process with them. It might sell another home we have, and an open house we have elsewhere may just sell yours. There are no guarantees.

What about that vacant house? 6

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 […]

WNY Foreclosure Properties List 9

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 […]

Foreclosure sign

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 Deed in lieu of foreclosure is a deed instrument in which a […]

Lockport Foreclosure Properties 1

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 […]

Niagara County REO/Foreclosures Market Report 2

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. […]

Writing the Hardship Letter 2

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 […]

There is hope! A Short Sale Seller can purchase a home! 2

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 after two years. Although there are no exceptions due to extenuating circumstances, this new ruling means there is finally a logical reason to do a short sale now.

73 Hagen Avenue North Tonawanda NY 14120 $75,000

73 Hagen Avenue North Tonawanda, NY 14120   This North Tonawanda gem is ideally located with quick access to Twin City Highway. The owners have done many projects to update this home, and there are some unfinished projects waiting for that weekend warrior! Two and half car detached garage leads […]

Front view of home at 73 Hagen Street in North Tonawanda.


478 Willow Street Lockport NY 14094

478 Willow Street Looking for an improvement opportunity with stunning landscaped yard in the historic Mansion Row of Lockport New York? How about kitchen that features greenhouse?   Looking for that secluded in-ground pool?   Do you love to garden?  If you answered “yes” to any of those questions, then you’ve found […]

Real Estate Explained | Deed In Lieu of foreclosure 1

Deed in lieu of Foreclsoure 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 lender) to satisfy a loan that is in default and avoid foreclosure proceedings.


City of Buffalo Foreclosures 3

As of July 4, 2013 this report is now on Best Buffalo Homes website. 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 […]