My Brooklyn Report

Are you looking at Brooklyn Apartments without knowing if you can afford it? Learn how to determine your budget for rent based on your household income.

Back in December 2009, I shared with you the 4 things going right in Brooklyn’s real estate recovery.  What a difference a few months make, as recent political and economic events may cancel out any momentum for a lasting, sustainable recovery. If you’re buying, selling or renting, each party will be affected by these 4 [...]

While Mayor Bloomberg implements NYC’s $59 million plan, other counties in New York State are engaged in the same effort. Only in their case, averting Suburban Blight is their chief aim, as demonstrated in Hempstead, N.Y. While a noble effort by some accounts, we’re all acquainted with the phrase, ” the road to hell is [...]

How do you avoid the subject of politics in any discussion regarding real estate in New York City. Take a look around you. In the last 5 years we’ve seen an enormous amount of luxury condominium development concentrated in Manhattan and Brooklyn. Should we bail out real estate developers who made bad business decisions?

Since 1970, this property has changed hands 15 times and had Lis Pendens (law suits) filed with property liens to foreclose for non payment of property taxes 4 times.

It experienced a Lis Pendens filing for mortgage default only once. The city has defended its claim to unpaid property taxes more times than it engaged in enforcement action through the Department of Buildings for unsafe building conditions, which only occurred 2 times (2001 & 2006). So why does it still look this way?

According to an article in the New York Times, Mayor Bloomberg and outgoing Housing and Urban Development Secretary Preston announced at a press conference held at City Hall on January 14th 2009, an initiative to save neighborhoods from the threat of urban blight from foreclosure. New York City will buy 115 homes with a $24 [...]

Deutsche Bank holds a unique distinction in the Mortgage Loan Servicing business that few can claim; They foreclose on homeowners with speed and precision. While there are lenders that have the same business practices, none are as effective in protecting their client’s claim to a homeowner’s property when it’s time to exercise the rights defined [...]