Quantcast

From the monthly archives:

January 2010

Home Buyers Always Make This Mistake

by Michael CorleyJanuary 11, 2010

Over the last 7 years I’ve been on more than 600 appointments with buyers to view properties. Each time I’ve taken customers to view a home I always look to see if this time it might be different. I open the door, welcome them in and look to see if they’re fully prepared for the showing. And as with others they’re not. What are all home shoppers doing wrong?

Read the full article →

An Open Letter to Colvin W. Grannum on Al Vann

by Michael CorleyJanuary 8, 2010

Councilman Vann has served in office long enough to witness his constituents become the target of Ponzi schemes by unsophisticated operatives who have mastered the loopholes in New York City’s deed recording process. And having lived in Bedford Stuyvesant for many years, he’s seen Mortgage Discrimination occur in central Brooklyn in different forms: Redlining in the 70’s and Predatory Lending in the 90’s. Since his re-election, what should we expect from the incumbent?

3 comments Read the full article →

Property and Politics: NYC’s Unlicensed Real Estate Agents

by Michael CorleyJanuary 7, 2010

September 15th 2008 became a day of reckoning for the U.S. economy. Less than 60 days from an historic election and Wall Street finds the crisis that’s been at the front door of Lucylla Baynes and others like her now busting through the doors of some of the worlds wealthiest individuals, corporations, governments, pension funds and sovereign nations. And the company who sold the junk investments backed by mortgages made up of predatory loans is now the proud owner of property in a neighborhood hard hit by Foreclosure. Are your elected officials familiar with Goldman Sachs role?

7 comments Read the full article →

Goldman Sachs Finds Opportunity in Bedford Stuyvesant

by Michael CorleyJanuary 6, 2010

Over the last 10 years we’ve seen New York City politicians align their political futures with well financed real estate developers. However, none will come close to the reach and wealth that a recent entrant into the real estate landscape possess. Goldman Sachs comes to Bedford Stuyvesant with money and influence (and a real estate investment strategy that politicians favor). Here’s why.

6 comments Read the full article →

Whose Responsible for the Blight at 1576 Fulton Street

by Michael CorleyJanuary 5, 2010

Here, in the Bedford Stuyvesant neighborhood in Brooklyn, part of the 36th NYC Council District and the 56th Assembly District, sits another shuttered building on Fulton Street between Albany Avenue and Marcus Garvey Boulevard. 1576 Fulton Street has to its left a bicycle shop that’s been in business for at least 10 years to my knowledge (I purchased a BMX bike for my son from the shop that far back) and rows of shuttered properties to its right. What it doesn’t have are apartments with tenants. Ever wondered why?

10 comments Read the full article →

Foreclosure Scams; the Uglier Side of the Crisis

by Michael CorleyJanuary 5, 2010

With more existing homes coming to market alongside recently constructed houses and condominiums in Brooklyn, all home shoppers and real estate investors are hunting for the best deals available, by any means necessary. With the majority of homes on the market listed by licensed real estate brokers, it’s not uncommon for 2 homes listed on any given block in Brooklyn, being equal in use and style (i.e., 2 family brownstone), asking completely different prices. This price disparity offers limitless opportunities for individuals conspiring to commit mortgage fraud during the foreclosure crisis.

Related Posts with Thumbnails
Read the full article →