NYC Premier Real Estate — Getting NY Homeowners Out Of Foreclosure and Out of Distress

Getting a Great Deal with Pre-Foreclosure Homes

Getting a Great Deal with Pre-Foreclosure Homes

If you are looking for an outstanding deal on a home, but leery of trying to get foreclosures NYC or a short sale NYC home, there is another option which is less stressful. Your realtor or foreclosure specialist may be able to help you find a pre-foreclosure home perfect for your family.

Finding a Pre-Foreclosure Home

There are two easy ways to come upon a pre-foreclosure home. One way is by viewing your local newspaper. A mortgage lender may send a homeowner a Notice of Default or Notice of Sale, once they have gotten behind on their payments. These must be filed with the courthouse, so it will be a notice in your local paper. Now you can try to contact these homeowners on your own or work with your foreclosure or real estate specialist. [Read more...]

How Your Neighbor’s Foreclosure Home is Affecting Your Homes Asking Price

How Your Neighbor’s Foreclosure Home is Affecting Your Homes Asking Price

Has your neighbor gone into a foreclosures NYC and it seems since then there have been fewer inquiries on your home? Have you been getting a few low-ball offers that seem to be extremely insulting? Even foreclosures NYC homes that are not directly in your block, but in the area can have a grave effect on your homes asking price.

Abandoned Properties

Unfortunately, the longer a property sits as abandoned, the lower the potential value to your home. Think about potential homeowners driving by seeing an abandoned home. The yard is unkempt, the windows are boarded, utilities are disconnected, and it may bring squatters into the neighborhood. The closer the foreclosures NYC homes are to your home for sale, the worse it may be. So in turn, if you have a close property, you may feel you need to lower your homes asking price to attract buyers. [Read more...]

Filed Under: Real Estate Nyc Tagged With: foreclosure new york city, premier real estate nyc, Your Neighbor’s Foreclosure

Are All Foreclosure Homes Good Investments?

If you are looking for a great investment opportunity, you can really get ahead with a foreclosure in NYC. There are risks associated with foreclosures in NYC; however, with a bit of due diligence, you should know which homes are a good investment, and which to stay away from.

Look At the Property First
Just checking out photos online of foreclosures NYC homes is not a good idea. The pictures and home price may seem outstanding, but when you take a walk outside the property and inside, there could be major issues that would cost the same amount as purchasing a normal home on the market. [Read more...]

Filed Under: Foreclosure Nyc, Real Estate Nyc Tagged With: Foreclosure Homes Good Investments, foreclosure nyc, Foreclosures NYC, premier real estate nyc, short sale nyc, Short sales NYC