westchester multifamily properties: Gary's Market Insider - End of November 2015
- 11/29/15 06:10 AM
Recent closing activity is high, but everything is so much more complicated, and we're not even dealing yet with the new TRID mortgage rules that will affect loans made after October 3rd. The banks are getting ready for a higher level of scrutiny from the Federal government, so they are closely monitoring all deals to make sure they don't get in trouble for lack of due diligence. For example, a recent residential closing was held up over an issue of peeling paint - on about 12 feet of fencing in a backyard. The appraiser had to come back out and reinspect. Note … (0 comments)
westchester multifamily properties: Your Credit Score Affects Your Purchasing Power
- 11/29/15 05:40 AM
My niece recently graduated from college Magna Cum Laude and is working at her first job. She would like to rent an apartment in New York City and asked my advice. My first piece of advice to her was to build up her credit. For those just starting out, a good credit history will help them rent apartments and get car loans and mortgages in the future. Paying bills on time is the key. Paying off student loans is a good place to start. Making student loan payments on time is an effective way for young adults to boost their credit scores. … (1 comments)
westchester multifamily properties: Bank Owned Properties: An Option
- 08/30/15 12:56 PM
Many of you may not be aware that a portion of our business revolves around managing and selling REO (real estate owned) homes. An REO is a home that was once customer-owned but is now owned by the lender, typically a bank, as the result of foreclosure. Over the years, Gary has developed strong relationships with banks who reach out to him to manage these properties and eventually list them for sale. If you are looking to buy property, this may be an option to consider. REO properties may need repairs and maintenance, both to satisfy property upkeep laws as well … (2 comments)
New Listing - MULTI FAMILY Yonkers, New York 8 Beds 4 Baths! $424,900 - 19 Belmont Ave, Yonkers, NY Four family brick Colonial. Great investment opportunity with three car detached garage. Short walk to shops and transportation. Needs updating. Being sold "As Is". Should you wish to learn more, please give the Leogrande Team a call today to obtain more details at 914-761-7878 Click here for more info … (0 comments)
Recent closing activity is high, but everything is so much more complicated, and we're not even dealing yet with the new TRID mortgage rules that will affect loans made after October 3rd. The banks are getting ready for a higher level of scrutiny from the Federal government, so they are closely monitoring all deals to make sure they don't get in trouble for lack of due diligence. For example, a recent residential closing was held up over an issue of peeling paint - on about 12 feet of fencing in a backyard. The appraiser had to come back out and reinspect. Note … (0 comments)
;)
;)
