One of the values my parents, grandparents, uncles and aunts always tried to instill in us was the necessity to take care of what was ours. There is something about the pride of ownership that encourages us to take care of what we own.
A home is usually the single largest investment a person will make [...]
Archive for February, 2009
Family Values
Posted in Buy Foreclosure, Metro NY REO, REO BASICS, REO Investment, tagged Buying Foreclosures, Foreclosures Long Island, How to Purchase REO, IARNY, Island Advantage Realty LLC, Long Island REO, Metro NY Foreclosure on February 27, 2009 | Leave a Comment »
REO Buyer Beware
Posted in Buy Foreclosure, Metro NY REO, REO BASICS, REO Investment, tagged Buying Foreclosures, Buying REO, IARNY, Island Advantage Realty LLC, Long Island REO, NY Foreclosures, NY REO, REO Long Island on February 26, 2009 | Leave a Comment »
Now more than ever it is essential to work with REO real estate professionals who are experienced and reputable. For the past 2 years thousands of home buyers have taken advantage of this exciting market purchase valuable homes at affordable prices. Now that REO property has become a household commodity more and more realtors are [...]
Finding the Right REO – Part V
Posted in Buy Foreclosure, Metro NY REO, REO BASICS, REO Investment, tagged Buying REO, Foreclosure Auctions, IARNY, Island Advantage Realty LLC, NY REO, REO Long Island, REO NY on February 25, 2009 | Leave a Comment »
The escrow process for REO property is significantly different than a traditional property.
Because REO Property is sold “as is” the inspection and negotiation will happen before escrow which significantly shortens the escrow process. This is good news. However, home buyers need to understand the shortened escrow process and be prepared to keep pace with the [...]
Finding the Right REO – Part IV
Posted in Buy Foreclosure, REO BASICS, REO Investment, Uncategorized, tagged Buying Foreclosures, Buying REO, IARNY, Island Advantage Realty LLC, Long Island Foreclosure, Long Island REO, NY Foreclosures, NY REO, What is REO? on February 24, 2009 | Leave a Comment »
After you have found the proper property it is time to make an offer. With REO property this comes after having a professional perform a lengthy and specific inspection. REO property is generally sold “as is”, so it is vital before making an offer to know exactly what the necessary repairs are.
With foreclosure properties it [...]
Finding the right REO – Part III
Posted in Buy Foreclosure, Metro NY REO, REO BASICS, REO Investment, tagged Buying Foreclosures, Buying REO, Foreclosure New York, IARNY, Island Advantage Realty LLC, NY REO on February 24, 2009 | Leave a Comment »
After you have identified your priorities and began working with an REO Professional of the highest caliber it is time to start viewing properties. I always like to mentally prepare my clients by reminding them to look for value. If you are shopping for traditional property and you come across a broken window it is [...]
Finding the Right REO – Part II
Posted in Uncategorized, tagged IARNY, First time home buying, Island Advantage Realty LLC, Buying Foreclosures, New York Foreclosure Showcase, Foreclosure Auctions, Foreclosure New York on February 19, 2009 | Leave a Comment »
Finding the right REO starts with working with the right professionals. It’s always a good idea to surround yourself with knowledgeable experts but in the case of REO property it is absolutely essential. REO stands for Real Estate Owned, these properties are owned by banks and lenders.
It is important to remember that banks and lenders [...]
Finding the Right REO – Part I
Posted in Buy Foreclosure, Metro NY REO, REO BASICS, REO Investment, tagged Buying REO, IARNY, Island Advantage Realty LLC, Long Island Foreclosure, NY Foreclosures, NY REO, REO Metro NY on February 18, 2009 | Leave a Comment »
REO property is currently a top story all across the nation. More and more people are looking at this market as the economy continues to concern even the most stoic economic advisors. Why is everyone so interested in the REO market?
Currently the REO market is larger than it ever has been. As foreclosures continue to [...]
The REO Plus Column
Posted in Buy Foreclosure, Metro NY REO, REO BASICS, REO Investment, tagged IARNY, Investment Real Estate, NY REO, Long Island Foreclosure, Island Advantage Realty LLC, Buying Foreclosures, Foreclosure Auctions, Foreclosure New York on February 17, 2009 | Leave a Comment »
I like to make lists with pluses and minuses.
There’s something deeply satisfying about the clarity that it brings. Whenever I begin to work with a new client I like to make them aware of the many pluses to purchasing REO property. Probably the most widely recognized plus to REO property is its affordable price tag. [...]
The Beginning, Middle and End
Posted in Buy Foreclosure, Metro NY REO, REO BASICS, REO Investment, tagged IARNY, Buying REO, NY Foreclosures, NY REO, REO Long Island, Long Island Foreclosure, Island Advantage Realty LLC, Foreclosure Auctions on February 16, 2009 | Leave a Comment »
Within the next few weeks school children all over the country will celebrate the middle of the school year. It seems only yesterday that new shoes pointed there way into new classrooms with freshly papered bulletin boards. Now at the half way mark those bulletin boards are filled with the superlative work of would be [...]
Sliding Doors
Posted in Buy Foreclosure, Metro NY REO, REO BASICS, REO Investment, tagged Buying Foreclosures, First time home buying, Island Advantage Realty LLC, Long Island REO, NY REO, REO Long Island on February 13, 2009 | Leave a Comment »
If you’re looking for a great movie to rent for Valentine’s Day, I highly recommend a lovely film called Sliding Doors staring Gwyneth Paltrow. It’s a lovely romance that explores how different your life can be by simply missing one train. We’ve all missed a train in our lives, or a boat, or a bus. [...]
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