Between the lowered home prices, the incredible REO property values and the new tax credit for first time buyers you now see the benefit of buying versus renting, but what do you do now?
This is the time to position yourself for home ownership and time is of the essence. The first thing you need to [...]
Archive for March, 2009
Positioning
Posted in Buy Foreclosure, Metro NY REO, REO BASICS, REO Investment, tagged Foreclosures Long Island, How to Purchase REO, Island Advantage Realty New York, Long Island Foreclosure, New York REO, REO Investing, REO Investments on March 31, 2009 | Leave a Comment »
The Greatest Love Story
Posted in Buy Foreclosure, Metro NY REO, REO BASICS, REO Investment, tagged Buying REO, Foreclosure Long Island, Foreclosures Long Island, Island Advantage Realty LLC, Island Advantage Realty New York, Long Island Foreclosures, New York Real Estate, REO Metro NY on March 30, 2009 | Leave a Comment »
There has been a great deal of press lately over the canceled book Angel at the Fence by Herman Rosenblat. The book was to detail Rosenblat’s time as a teenager in Buchenwald, and the young girl who threw food over the fence in order to keep him alive. A girl that, according to the story, [...]
REO Info
Posted in Buy Foreclosure, Metro NY REO, REO BASICS, REO Investment, tagged Buying Foreclosures, Buying REO, Foreclosures Long Island, How to Purchase REO, IARNY, Island Advantage Realty LLC, Long Island REO, NY Foreclosures, NY REO, REO Long Island on March 26, 2009 | Leave a Comment »
REO stands for Real Estate Owned, this term is used for properties that have been foreclosed upon but did not sell at auction. These “bank owned” properties are sold on the open market much the way traditional homes are. Banks will contract with a reputable realtor to sell the property for fair market value minus [...]
The $8,000 Tax Credit
Posted in Buy Foreclosure, Metro NY REO, REO BASICS, REO Investment, tagged Buying REO, IARNY, Island Advantage Realty LLC, Long Island Foreclosure, Long Island REO, NY Foreclosures, NY REO, REO Long Island on March 25, 2009 | Leave a Comment »
The Economic Stimulus Package is a long document with many different provisions. Sorting out what it means to you can be daunting. One of the great opportunities in the new legislation is a tax credit for first time home buyers. The bill defines a first time home buyer as some one who has not owned [...]
Wishes
Posted in Buy Foreclosure, Metro NY REO, REO BASICS, REO Investment, tagged Buying Foreclosures, Buying REO, Foreclosures Long Island, How to Purchase REO, New York Real Estate, New York REO on March 24, 2009 | Leave a Comment »
This is the time of year when everything seems possible. Gardens are still in the planning stages. High school seniors are starting to dream of graduation and the warmth of spring and summer seems like a near possibility. In this period of possibilities it’s always great to take a few minutes and consider what you [...]
Piano Lessons
Posted in Buy Foreclosure, Metro NY REO, REO BASICS, REO Investment, tagged Buying REO, IARNY, Island Advantage Realty LLC, Long Island Foreclosure, Long Island REO, NY REO, REO Long Island on March 23, 2009 | Leave a Comment »
I saw Regis Philbin play the piano the other day. I don’t know a lot about playing the piano, but he was quite good. This was astonishing to me because I remember when he started taking lessons. I don’t know how long ago it was, probably ten or fifteen years ago, I was probably home [...]
Snow Birds
Posted in Buy Foreclosure, Metro NY REO, REO BASICS, REO Investment, tagged Buying Foreclosures, Foreclosure Auctions, Foreclosure Long Island, Foreclosure New York, Foreclosures Long Island, Island Advantage Realty LLC, REO Investments, REO Market Update on March 20, 2009 | Leave a Comment »
I love this time of year. The cold winter starts to fade and the promise of spring is in the air. My favorite thing about this season is the return of the Snow Birds. These are the members in my family who have retired and rather than brave the harsh New York winters they will [...]
Economic Stimulus Tax Credit
Posted in Buy Foreclosure, Metro NY REO, REO BASICS, REO Investment, tagged Buying REO, Island Advantage Realty LLC, Long Island Foreclosure, Long Island REO, REO Investments, REO Long Island, REO Property on March 19, 2009 | Leave a Comment »
As the market changes and new legislation passes it is important to work with professionals who understand these changes and can help you to benefit from them.
Right now there is a rare opportunity for first time home buyers to receive a tax credit that is not only refundable, it does not have to be repaid. [...]
Eye on the Ball
Posted in Buy Foreclosure, Metro NY REO, NY Foreclosure Showcase, REO BASICS, REO Investment, tagged Buying REO, IARNY, Island Advantage Realty LLC, Long Island Foreclosure, Long Island REO, NY Foreclosures, NY REO, Olympics, REO Long Island, REO NY, Women's Softball on March 18, 2009 | Leave a Comment »
I’ve found myself thinking about the USA Women’s Olympic Softball team lately. I remember a few years ago watching them explain the secret of their success in raising their batting averages. They marked numbers onto all of their practice balls and then trained everyone on the team to shout the numbers on the balls when [...]
LUCK
Posted in Buy Foreclosure, Metro NY REO, REO BASICS, REO Investment, tagged Buying Foreclosures, Buying REO, IARNY, Island Advantage Realty LLC, Long Island Foreclosure, Long Island REO, NY Foreclosures, NY REO on March 17, 2009 | Leave a Comment »
My Aunt Tova had a pillow on the settee in her front parlor that said “The harder I worked the luckier I got.” I loved that pillow as a child. Before I could read I loved it because it was soft and beautiful, the stitching was exquisitely done. When I was old enough to read [...]
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