By: Carrie Bay Habitat for Humanity International and the National Community Stabilization Trust have announced a new national partnership to help turn foreclosed and abandoned houses into affordable Habitat for Humanity homes. Through the Stabilization Trust’s national Property Acquisition Program, the two-year partnership will give Habitat affiliates the opportunity to purchase foreclosed and abandoned properties […]

REO Foreclosure: Briarwood, NY THIS Is a REO so you will get a great deal! Terrific buy on this 2 bedroom 2 bath condo unit with terrace. Brand new building! Built in 2006. It has a Fitness Center, A great stylish lobby.  LOOKS like a 5-star hotel, secure storage. Get a great new property NOW! […]

REO Foreclosure: Amityville, NY Home will be sold as is since it is a REO. THIS means you are getting a great deal! This is the opportunity to restore a home in a great location. The street is lined with trees. With lot of property space. Home as a new roof and is an open […]

REO Foreclosure: Brentwood, NY This is a bank owned home, that means you will get the deal of the year! This is a very large ranch with a lot of room, large back yard. Get a great new property NOW! Talk to one of our talented and wonderful agents today!  For more information about this […]

REO Foreclosure: Hempstead, NY THIS REO property is one of the best deals in Hempstead. This great cape has 4 bedrooms 1 bath in a quiet neighborhood. Call today b/c it wont last!  Get a great new property NOW! Talk to one of our talented and wonderful agents today!  For more information about this property […]

By: Carrie Bay Renters who find themselves indirect victims of foreclosure were not forgotten in the financial reform legislation signed by President Obama on Wednesday. The Dodd-Frank Wall Street Reform and Consumer Protections Act will extend the Protecting Tenants at Foreclosure Act (PTFA) through the end of 2014. PFTA provides renters whose landlords have lost […]

By: Carrie Bay Earlier this week, the Treasury Department released its monthly progress report on the government’s Home Affordable Modification Program (HAMP). Included in the Treasury’s latest installment is a new section detailing the performance of loans permanently modified through the HAMP initiative. In commentary published Wednesday, analysts at the research firm Barclays Capital took […]

4BR/2+1BA Single Family House   offered at $550,000 Turn of the century opportunity unique colonial style, very private walk everywhere. Bays views from second floor. Walk to village have dinner and drink and walk home. (Maybe icecream if that what your into.) Get a great new property NOW! Talk to one of our talented and […]

2BR/2+1BA Condo   $2,200/month Two story condo living in the best community in long island. full eat in Kit. Dinning area, Large living room area with sliders to deck. to large bedrooms on second level each with own bathroom. Masterbedroom has slider to deck, master bath/, and 2 walk in closets, Plenty Storage closets, washer, […]

By: Carrie Bay A three-party consortium of opportunists has purchased a stake in an $898 million pool of nonperforming residential loans that the FDIC seized from AmTrust Bank when it went under last December. The procurers – which include mortgage servicer Residential Credit Solutions, hedge fund CarVal Investors, and the Royal Bank of Scotland’s RBS […]

By: Carrie Bay Goldman Sachs & Co. has agreed to pay more than half a billion dollars to settle federal charges that the Wall Street broker-dealer misled investors to sink money into a product backed by dicey subprime mortgages just as the housing market was beginning to collapse. In a civil suit brought by the […]

By: Brittany Dunn Very little activity was seen in the realm of mortgage rates this week, as the historical lows observed in weeks past held fairly steady, Freddie Mac and Bankrate reported Thursday. According to Freddie Mac’s weekly survey, 30-year fixed-rate mortgages averaged 4.57 percent with an average 0.7 point for the week ending July […]

By: Carrie Bay Banks took back an average of 4,000 South Florida properties each month during the first half of 2010, according to a new report from the locally based real estate consultancy Condo Vultures LLC. The region’s repos represent an 83 percent year-over-year increase for the tri-county area of Miami-Dade, Broward, and Palm Beach. […]

By: Brittany Dunn In an effort to give investors and first-time homebuyers an opportunity to purchase a variety of homes at significant discounts, Hudson & Marshall of Texas, Inc., (H&M) is auctioning nearly 250 bank-owned homes this week in cities throughout Indiana, Illinois, Minnesota, and Wisconsin. “Foreclosures remain in high demand among buyers looking for […]

By: Brittany Dunn A new initiative announced Monday by HUD will give state and local governments and nonprofit organizations participating in the department’s Neighborhood Stabilization Program (NSP) preference to acquire homes from its inventory of foreclosed properties at discounted rates. Touted as the “First Look” initiative, this temporary program will align NSP and Federal Housing […]