Have you considered a Short Sale?

  This real estate market has caused unbearable stress and heartache.   There are people unable to keep their homes, displacing their families and creating lots of stress.  Are you in this situation?  If so, we are here to help! We have created a team of professionals that can assist you in turning your situation around.  […]

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April 5, 2017

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Pros and Cons of Buying a Foreclosed Home

If you’re in the market for a new home, perhaps you’ve browsed listings and come across a foreclosure or two that you like. Maybe you’ve even noticed that some of these homes have listing prices that are below the typical market value in your area. Buying a foreclosed home can be a great investment – […]

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March 24, 2017

Are You Facing Foreclosure?

It can be very scary when you are facing foreclosure. There are many people out there with free advice on the internet. Who should you believe? The National Association of REALTORS® has created a useful document for homeowners: “How to Avoid Foreclosure and Keep Your House.” If you are in trouble, it is an excellent place […]

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March 14, 2017

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Short Sales 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.

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December 15, 2016

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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 waiting for? Out showing properties to a client of mine this evening, we discussed a problem that many […]

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Hidden Costs of Buying a Foreclosure

While the housing market in most places has improved and the number of foreclosed homes on the market has decreased, buying a foreclosure will always be a possibility. Popular television show on house “flipping” and investment real estate have given many buyers sometimes unrealistic ideas of what buying a foreclosed home entails. Here are some myths and truths […]

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November 22, 2016

Buying a Home After a Short Sale

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.

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October 3, 2016

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Buffalo Distressed Homes – Market Report

Foreclosure is not a type of sale. In the City of Buffalo, there are many distressed sales in the form of Short Sales, Bank Owned, REO (Real Estate Owned), and properties being offered via auction   Buffalo Distressed Homes Current Market Report April 16, 2016 There are 18 active listings; the average list price is $45,628, and prices […]

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What is a Short Sale?

In today’s Real Estate market, you may hear the term Short Sale. So, what is a Short Sale? Basically, when a house sells for a price that is less than the seller still owes on the mortgage, that’s a short sale. If the owner cannot make the mortgage payments, many lenders will agree to accept the proceeds of a […]

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