Vacant foreclosure houses in New York difficult to upkeep

admin Residential Real Estate

When New York residents fail to make mortgage payments, they may be forced to give up their homes. On the list of states with the highest percentages of foreclosures involving mortgages that were deliquent for at least one year, New York comes in the third. Fannie Mae’s records show that foreclosures were at a high in 2010. However, when a …

Shoppes at South Hills have been acquired by DLC Management Corp

admin Commercial Real Estate

Purchasing a commercial property can involve a number of detailed real estate transactions. From negotiating purchase and sale agreements to title and lien searches, the process involved in buying a piece of commercial real estate can be complex. However, all the challenges will be worth it when a commercial buyer gets the opportunity to help develop a new area of …

How does the short sale process work?

admin Real Estate Transactions

In this economy, some New York families may unfortunately not be able to keep up with mortgage payments and other expenses involved with owning a home. These families may feel that foreclosure is their only option. However, there are many alternatives to foreclosure proceedings, including a short sale and other real estate transactions. Short sales have become very prominent over …