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foreclosure: NY State... Worst State for Foreclosures? - 01/19/12 05:01 PM
I've been reading some very misleading articles lately about the current condition of the Real Estate market in NY. Many articles are misleading readers. I'd like to acknowledge Brandon Moore, CEO of REaltyTrac for his clear understanding of the statistics and giving an honest and clear picture of our current market conditions. Although the number of foreclosure filings was down in 2011 compared to 2010, those figures are misleading. The truth is the average foreclosure in the fourth quarter of 2011 took over 33 months, that's almost 3 years. And that's the problem, because the process has been extended and in some instances, stalled completely, we've seen a short term decrease, … (0 comments)

foreclosure: 4 Bedroom Colonial - Wappingers Falls, NY 12590 - 07/17/10 09:26 AM

Foreclosure!
• 3,040 sq. ft., 3 bath, 4 bdrm colonial - MLS® $429,900
Wappingers Falls, Dutchess County  -  **Foreclosure**Attention buyers, this sizeable Colonial is in need of your love. With a little TLC you can make this your dream home. It offers a fireplace, deck, finished walk-out basement with a wet bar and full bathroom. Perfect for entertaining. Sold as-is.
visit www.CurtDarragh.com for more information.

… (0 comments)

foreclosure: The Next Market Crash? - 11/03/09 12:03 PM
Sorry that title is incorrect.... it should read "CRASHES!"

I've been saying this since the White House requested this back in January. I've seen articles in the Investors Bussiness Daily & the Wall Street Journal mention it, but no one else seems to be discussing it. WHY.....
 THE FORECLOSURE MORITORIUM
The Foreclosure Moritorium didn't end until March 2009. That means all foreclosures stopped dead in their tracks and no new foreclosures began. In my state (NY) it takes approximately 13 months to complete the process. That puts us into early/mid 2010 before all the back log hits the market. How can I put … (2 comments)

foreclosure: Market bottom or are we being fooled??? - 09/16/09 02:12 PM
Wow, my head is spinning. Depending on which media source you read or watch, either the sky is falling or as the politicians put it "we've pulled back from the brink". Well I'm no economist and I don't play one on TV so I won't speculate about any "brink". But I do know real estate, real estate markets and how to determine the bottom. And we're not there yet!!!!!
Do the statistics (for Dutchess County NY) show the market decline slowing down.... well sort of. The decline in average sales prices has dropped, we were seeing over 24% year over year decline and … (2 comments)

foreclosure: Are we seeing the bottom? - 02/06/09 07:53 AM
After months of doule digit decreases in average sales prices, increases in inventory and days on the market we finally see some stabilization. Below are our current statistics
 

 
As you can see, closed sales is only down 2.3% which is a significant difference compared to the 26% last month. Now this may be a blip in the statistics, we'll need to see next months figures to know for sure but its a nice start!
… (4 comments)

foreclosure: Short Sales? Pro and Cons! - 06/06/08 04:02 PM
It seems the theme of the day has moved from "FORECLOSURES" to "SHORT SALES". So what exactly are these "SHORT SALES"? Well, simply put, its when the value of the home is lower than the amount owed to the mortgage company. You sell the house for less than is owed and the bank accepts that payment and removes the mortgage (the security that attaches to the properties title). So what are some of the pro's to selling your home as a short sale:
1. If you have fallen behind on your mortgage, you can sell your home and keep from having to … (1 comments)

 
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Curt Darragh

Poughkeepsie, NY

More about me…

Legacy Land & Homes, LLC

Address: 23 Orchard Park, Poughkeepsie, NY, 12603

Office Phone: (845) 206-9462

Cell Phone: (845) 518-7526

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