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poughkeepsie real estate: Will REO Inventory Finally Pick Up? - 02/07/12 01:17 PM
I read the article below, this may explain the excessive drop in REO listings in NY. Perhaps once these settlements are comlete things can finally get back to normal. We need to clear out the backlog of REO properties before this market will stabilize.
From HousingWire:
More than 40 states to sign foreclosure settlement
More than 40 states will sign a settlement with the top-five mortgage servicers over alleged foreclosure abuses that arose more than one year ago, Iowa Attorney General Tom Miller said in a statement Monday night.
Last week, Miller extended the deadline to Monday for states wanting to … (1 comments)

poughkeepsie real estate: Market Update - Dutchess County NY - 09/30/10 11:06 AM
Here is the latest market stats for Dutchess County NY:
 
As you can see the market has taken a strong decline. Sales are down, selling prices are down, days on market is up. The statistics were similar for July as well. Most of this can be accounted for due to the First Time Home Buyer Credit which expired earlier in the year. It altered the natural supply and demand. Unfortunately it appears as if the banks have begun adding more REO inventory to the market due to the high default rates. This will keep this artificially bad market moving in … (0 comments)

 
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Curt Darragh

Poughkeepsie, NY

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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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