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Howard Stern is Hot in Real Estate
Howard Stern has over 20 property related files in Queens, 27 in Brooklyn and 1 in Manhattan. The files include mortgages, releases or satisfaction pieces, liens and powers of attorney.
One 11 page mortgage was recorded on 9-23-04 for a two family dwelling, located at 243 51st Street, Brooklyn in the amount of $300,000. Another property transaction for 845 Dean Street, Brooklyn was recorded on 5-25-04 in the amount of $150,000 at an unbelievable 14% interest rate considering rates were at a fourty year low. The senior mortgagee (holder) is Howard Stern and the junior holder is New Way Realty Corp. Better known, in my opinion, as loan shark one and two. If you think that's scary, you should read the actual 10 page document.
This information and other similar types are available to you for free. You just have to know how to get it by a name, address, parcel number, even street intersections. It is easily accessable.
You can find out about divorces, liens, marriages, wills, transfers, judgements, deeds, releases and many fascinating things such as hundreds of years old documents in beautiful handwriting and language together with a wax seal. This is one way people or mortgage companies buy loans from each other, usually not even alerting the borrower until after the fact.
Suzie is a certified residential appraiser and licensed real estate broker and expert authur educated in real estate and architecture. Other professionals in the industry have contributed as well. http://www.freewebs.com/realestatenews
Escalation Clauses - A Home Buyers Secret Weapon
Today we discuss escalation clauses because much of the country is experiencing an extreme "sellers' market." By that, I mean there are more buyers than there are sellers, and that results in sellers' getting more than one offer to buy their property.
Real Estate: Financial Considerations $$$
Raw land as opposed to improved property is much more difficult to finance through traditional lenders. The main reasons are that it generates very little income, development costs can be expensive, there are no buildings or improvements that can be used as collateral, and it is often considered speculative.
Creative Real Estate Investing
With a job that paid $3.40 an hour, I saved $5,000.
Using Transformation Psychology to Sell Investment Properties
Satisfying and lucrative real estate investment depends upon your correct assessment of profit potential, of course, but your ultimate success depends on your ability to transform a doghouse into a dollhouse. The renovation process involves physical work and choosing the best supplies, in order to create maximum positive emotional effect and profits.
Investment Property Part 2 of 2: What You Need to Know Before You Buy
Welcome to the second portion of a two-part series on investment property. In the first installment, "How Not to Become a Slumlord", we discussed a little of what it takes to own and operate a property as well as some of the do's and don'ts of the property management trade.
Prepare Your Rental Property for Occupancy
Among your many responsibilities as a landlord, the law provides for a warranty of implied habitability. This means that the dwelling must be considered habitable and any known problems must be fixed before you allow a tenant to take occupancy.
Tenant/Buyers Have Multiple Options
Lease Purchasing affords the tenant/buyer a wonderful opportunity to get into a home today, that he or she can buy tomorrow. But what options are available at the end of the contract? Fortunately, Lease Purchasing provides multiple options here also.
Property Investing Secrets 4
Property Investing Secrets:How to Sell to 100% of the Market Place Using Lease OptionsWhen property investing, you will find if you make houses easy for people to buy, your properties will become easier to sell. Most people who are selling houses today are selling to the 80% of the population who have good enough credit to qualify for a bank loan.
Housing Bubbles and You
Are we in a housing bubble? To answer that question first we need to understand what a housing bubble actually is. A housing bubble is what happens when the there is a significant rise in the market that is mostly due to the expectation that the prices will continue to rise.
Water, Water Everywhere on the Waterfront
Waterfront living is among the most desirable of locations in our area (Florida). The views and vistas are fantastic, not to mention the ability to walk out one's door to drop a line to fish or untie a line to enjoy boating.
Boston Real Estate - Choosing the Right Boston Real Estate Agent
As a successful Boston real estate agent, it always puzzled me how and why some people choose particular Boston real estate agents to sell their homes. For most of us, a real estate purchase is the single largest investment we will ever make in our lives.
How To Realistically Get Started As A Real Estate Investor
When it comes to real estate investing, most beginners find themselves with plenty of desire, a little bit of knowledge (from books, seminars, online message boards or something like that) and in most cases they have little or no money to get started with. Does this sound like you? If so you are not alone.
Content Ideas for Ads and Brochures When Selling Your Home
Even in this hot real estate market, selling your home requires a bit of marketing effort. Ads and brochures are important and powerful tools.
Real Estate Bubble: Sophisticated Musical Chairs?
The real estate bubble is a hot topic today; annual appreciation and housing prices have never been higher in most U.S.
What is a Home Inspection?
Any Sally and Sam Homebuyer can look at a home and decide whether it is attractive. They might notice it is freshly painted in pleasing colors, has the requisite number of rooms, a cook's kitchen and is located in a location with top schools.
Virtual Agent? Online Real Estate
When preparing to sell a house, you should always consider the options of selling a home privately or listing with a real estate agent. Of course, the most cost effective option would be to sell your home privately, but what about the number of Home Buyers in the market who are not willing to consider a private sale listing?I am a firm believer that people should be able to sell a home privately but, like a lot of people, was not the kind of person who would be comfortable buying from a Private Home Seller.
The Echo Boomers - The Next Big Consumers
The Echo Boomers or Generation Y currently make up about one third of the US Population. Many of the Echo Boomers are starting to reach an age where they want and need things like, Houses, Cars, Insurance.
Santa Visits a Just-Moved Newcomer in South Florida
Twas the night before Christmas and all through the house Not a creature was stirring, just the Mac and the mouse, When all of a sudden a wail filled the air As the burglar alarm detected a hair.I ran to the keypad, pushed down on the code Hoping neighborly tempers would not explode.
Advantages and Disadvantages to Selling a House on Your Own
As with any business transaction, there are pros and cons to selling your own home. Many people are intimidated by the whole process, but if you know what you are up against, and if you are aware of what needs to be done, you will be more effective at selling on your own, or you will be better at making sure your agent does what you prefer.
Selling Your Home? A Warning About Attachments
Before you list you home for sale, determine what you don't want to leave behind.Our friends sold their home for full price and moved out a few days before closing.
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