Westchester Real Estate News

Real Estate is a Business

Real Estate is a Business

This is a rather strong opinion and I welcome an opposing point of view, but I can’t see losing the argument. First, a question: Would you choose a surgeon because he has a yellow Labrador? No? Why not? Would you…

It will be a Merry Christmas

It will be a Merry Christmas

Two closings scheduled this week. How tough is the market? The one Thursday is a co op purchase that we have been working on since the Summer. It should have closed last month but problems arose between the lender and…

Living Beyond Our Means

Living Beyond Our Means

Perhaps I am a little jaded by the large number of short sales I am doing, but is anyone living within their means? I run into too many people who put granite counter tops ahead of saving for retirement, or…

Two Magic Words

Two Magic Words

There are two magic words every consumer should know when considering a real estate agent and I almost never hear them. The two words form a question rarely if ever asked; in 2008 only one client of mine (I have 40+…

Fannie Mae to Tenants: Don’t Move

Fannie Mae to Tenants: Don’t Move

Item: Fannie Mae will allow the tenants of foreclosed homes to remain instead of evicting them, effectively making the organization a landlord. I was afraid of what would happen when the government essentially nationalized the mortgage industry. This is the…

Short Sales: Loss Mitigation or Loss Enhancement?

Short Sales: Loss Mitigation or Loss Enhancement?

I cannot speak to the Wall Street side of the matter, but it was bad loans that started the dominoes rolling in the current down cycle we are all working through. I therefore have little confidence in the lenders’ judgment,…