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‘Foreclosure Center’ Articles

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.

Open Houses don’t sell houses!

Open Houses don’t sell houses!

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 [Continue]

478 Willow Street Lockport NY 14094

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 what [Continue]

Niagara County REO/Foreclosures Market Report

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 [Continue]

Erie County Foreclosure/Bank Owned/REO Market Report

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 [Continue]

73 Hagen Avenue North Tonawanda NY 14120 $75,000

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 to an out door paradise [Continue]

Foreclosure is a process — Not a type of Sale

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 [Continue]

Why buying a Foreclosure might not be in your best interest…

Why buying a Foreclosure might not be in your best interest…

With so many WNY homes and condos on the market at affordable prices one would think it should be really easy to find a home and get a great deal.  So why are so many first time buyers having trouble finding a home that suits their needs at a price they can afford?  FHA buyers [Continue]

Writing the Hardship Letter

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 [Continue]

WNY Foreclosure Properties List

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 [Continue]

What about that vacant house?

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 [Continue]

Are You Facing Foreclosure in WNY?

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 [Continue]

City of Buffalo Foreclosures

City of Buffalo Foreclosures

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 days with an average sold [Continue]

Lockport Foreclosure Properties

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 [Continue]

Real Estate Explained | What is a Short Sale?

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 [Continue]

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