Perhaps you are in the process of purchasing a home. Whether you are a first-time buyer or not, if you are not careful, you could end up missing signs that a property you are interested in may not be as good of an investment as you think. Before you let the excitement...
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What do you know about avoiding residential real estate scams?
You look forward to buying a new home in New York, but you do not want to become the victim of a scam or involve yourself in an avoidable dispute. How can you protect yourself? Forbes offers tips to help you become a happy homeowner. Safeguard the hard work you put...
What is a quiet title action?
If you want to sell or refinance your New York City real estate holdings, you may need a quiet title action. This court proceeding ensures clear title by asking a third party to give up a potential claim to the property. Without clear title, banks will not loan money...
What happens if the buyer backs out of the sale?
Even when you have dozens of buyers beating a path to your front door, it may take some time before the right one closes the deal. Sometimes, enthusiasm gets the better of homebuyers and the bank ultimately refuses to extend a mortgage. Circumstances may also change...
Brokers’ fees are unsettled as industry groups challenge state
According to the New York Times, real estate industry groups are challenging a New York Department of State decision that impacts fees payable to brokers for apartment leases. New York City brokers have historically managed many aspects of the residential leasing...
Is a clear title issue delaying the sale of your property?
You own a fine piece of property on Long Island. You purchased it nearly 20 years ago and have finally decided to put it up for sale. However, there is a clear title issue, which could jeopardize the sale of your lot. Is a quiet title action the next step? An action...
When paying your mortgage becomes a struggle
If you're a landlord who has mortgages on your rental properties, it's likely that your cash flow situation is complex. You probably depend on the rental income you generate from tenants to pay off the mortgages. When rental payments are late or you do not have a...
How do pre-foreclosure sales work?
If you have recently encountered difficulties keeping up with your mortgage repayments, you may feel constantly stressed about how you will get out of the situation you are in. You may also have been faced with foreclosure warnings from your bank, which will likely...
What is an underwater mortgage?
Buying real estate is not necessarily a sure thing. The market moves, often unexpectedly. What appears to be a great price for a home one year may not look nearly so strong just a few years later.An underwater mortgage is one that has been negatively impacted by the...
Buying low in New York may mean purchasing a short sale property
In general, New York has one of the most expensive real estate markets on the East Coast, as well as one of the most competitive in the country. Potential buyers and homeowners often struggle to find a property that fits their needs that they can successfully make an...