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Archive | July, 2010

Get the Real Deal on Brownstone Brooklyn Real Estate at MyBrooklynReport.com

Since our humble beginnings back in July 2009, I and a small team have been hard at work bringing you coverage of New York City’s other real estate world: Brooklyn. We made our bones by delving into stories about 1576 Fulton Street and places like it, while raising attention to the dark side of foreclosure [...]

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Look Whose Walking Away from their Mortgage

Wealthy homeowners can be a cut throat crowd.  They didn’t accumulate their fortunes by conforming to the rules.  For them, real estate is just one more asset on their balance sheet. Every area of their financial life is calculated in net worth, the difference between assets and liabilities.  And it’s that very same outlook that [...]

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What Banks Require from Homeowners Before a Short Sale

Mary Jones watched each person who came to see 999 Gates Avenue, hoping they would show any sign of interest in making an offer. But soliciting offers was only half our effort. As Mary would learn, she would have to make her case to her mortgage lender long before an offer would go to contract.

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NYC Creates Program to Prevent Mortgage Fraud and House Theft

In a move designed to protect homeowners, the New York City Department of Finance on July 13th 2010 announced a new program that will become the first line of defense in preventing Mortgage Fraud and House Theft. The Notice of Recorded Document program was created to provide notification via mail, email or SMS text message [...]

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3 Essential Traits that Make a Remarkable Real Estate Broker

The watermark for success in real estate sales is high. In spite of the required hours of class room instruction, qualifying exams and continuing education an individual must complete to become, and remain, a licensed real estate broker, it won’t impart the characteristics needed to be successful. The best real estate brokers in Brooklyn, and [...]

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A Home Buyer’s Ability to Purchase a Foreclosure Short Sale in Brooklyn

Mary Jones had concerns about how I would have to sell her home.  If I were in her shoes in 2008 I would have been just as skeptical. After all, who would bother going through all I explained to buy her house in a foreclosure short sale. I remember her saying, “I see a lot [...]

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Will Congress Extend the Home Buyer Tax Credit for Brooklyn?

Your not hearing rumors.  Congress is actually considering extending the Home Buyer Tax Credit. Well, sort of.  Legislation has been drafted to extend a portion of the original legislation to September 30th 2010.

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