Brooklyn’s First Home Buying Guide to Ship 10/26/11
the Home Buying Guide on Brooklyn Short Sales is set for release on 10/26/11 – Reserve Your Copy NOW – Available for a Limited Time Only.
The Hard Work for Our Online Reputation
Safeguarding our online reputation for bringing the best content on Brooklyn Real Estate to the Internet in spite of an annoying pharma hack at MyBrooklynReport.com.
My Brooklyn Report is Now on Facebook
Does the world need one more web site with a Facebook Page? t does if it brings “friends” inside the social network exclusive content about learning, starting and owning in Brownstone Brooklyn.
What $599,450 Less Will Mean for Short Sales
Fannie Mae issued a press release in November 2010 that they would lower conforming loan limits on mortgages borrowed to purchase 1-4 family properties on October 1st 2011.
This is the clearest sign the Obama Administration wants you to buy your new home in a short sale.
Because after September 30th, you’ll lose the ability to borrow $599,450 in a mortgage.
How can you benefit from this change in mortgage lending?
(I thought you’d never ask)
A Property Flip on Mac Donough Street
A funny thing happened on the way to buying this turn of the century row house in Bedford Stuyvesant.
Well, at least one buyer won’t find it funny when they learn they purchased this home on Mac Donough Street in a property flip.
If that isn’t bad enough, it gets worst.
They paid $230,000 more than the owner they purchased it from.
(and that owner closed on their purchase just 4 months before they sold it to them)
Could this home buyer have bought this property for less in a short sale?
experience