Posted on January 3rd, 2008 by Jeffrey Posner
What a way to bring in the new year. Passaic county has listed one hundred and twenty two (122) properties for sale next week. This is the biggest list they have put out in four years! You can expect the next few weeks of Passaic sales to be big as well with all the adjournments that will follow from this list alone.
This is just the first indicator of how packed the sales will become for all the counties in the next few months. There has been a backlog of properties building up over the holidays (as always), topped off with the market the way it is… we are headed for quite a ride.
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Posted on January 2nd, 2008 by Jeffrey Posner
We are sorry to say that after months of trying to work things out with employees in the NYC metro area we have decided to put our New York service on hold. We are very sorry to do this and the fall in service had to do with some issues that had to be waited out with time.
We are not sure if we will be bringing New York back at this time but there are other things on the horizon here. Our New Jersey service has been going strong as always and we are looking into some other in depth services to expand our offering. Maybe more on a local level to assist investors and buyers with independent research and legwork.
We will be sending out a short survey to see what services our members will be the most interested in and we encourage your feedback. So stay tuned for that email. I will also try and post the questions here on the blog so you can also comment in a discussion environment with the other members.
Together we can come up with the most desired member services.
We are open for ideas, what would you like to see?
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Posted on November 30th, 2007 by Jeffrey Posner
So the news on the street today is that the “Hope Now” alliance, headed by Treasury Secretary Henry Paulson , is playing with the idea of freezing interest rates on some of the sub-prime loans in the market. In a sense this would preserve the teaser rates for a longer period of time allowing owners to avoid the jump in payments when the big reset arrives.
The congress actually has a plan as well. They are thinking of letting judges of chaper 13 bankruptcies modify the loan agreements. As if the bankruptcy process is not tricky enough. This would further delay foreclosures and allow the government to modify existing contracts! It almost seems unconstitutional…
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