I went back to school shopping with my cousin Lydia last weekend. Lydia is blessed with three beautiful children, all girls, between the ages of 8 and 13. I was amazed at how much 3 growing girls need to be able to go to school. Between shoes and clothes and backpacks my cousin managed to spend a staggering sum. And keep in mind that Lydia is a savvy shopper, she had done her research and knew where the sales were that she wanted to take advantage of. Still, in today’s economy I couldn’t 
help but wonder how the average family could afford the back to school price tag.
While we were having lunch in the food court, Lydia reached across the table, took my hand and thanked me. Six months ago I helped her and her husband to find an REO that was just right for their family. It was in a great neighborhood, with good schools and meant that their new house payment would be significantly lower than their old house payment.
I’ll be honest that it isn’t unusual for clients to thank me sometimes even months later for helping them to find the perfect REO, but there was something so heart felt about Lydia’s sincere gratitude that I was especially touched. Then she patted my hand and said, “There’s no way I could have afforded this shopping trip if it hadn’t been for you!” We both laughed.
Lydia is a smart mom and I really respect her ability to do what is right for her three girls. More and more families are taking advantage of the current REO market to lower their payments and use their money wisely. If you are interested in more information on REO properties in the Metro NY or Long Island areas please contact Island Advantage Realty LLC.
The advice and tips offered in this blog are intended to be solely informational and do not apply in all circumstances. Make sure that you consult a real estate professional, financial consultant, attorney or accountant before taking any action. For further information or questions please contact Gabriella@IARNY.com
