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Wednesday, May 20th, 2020

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Posted by: | Posted on: May 20, 2020

Seeking Multifamily Real Estate Professionals

Commercial real estate remains among the hardest hit industries impacted by Covid-19. No sector seems to stand immune against the crisis, including the industry’s golden child and previous-constant, multifamily real estate.

Professionals within the sector, have been navigating the marketplace and economy, alongside everyone else, while also dealing with rent relief options for tenants, eviction moratoriums, forbearance options, shifting valuations, modified underwriting requirements and unpaid rent.

Though the commercial real estate segment benefitted from constant demand in the past, its professionals are learning to adapt to the evolving, ongoing situation. As the crisis continues to upend the market, multifamily professionals are working to persevere through innovative maneuvers, such as increasingly moving deals off-market.

Due to its long-standing fundamentals and the talents of its professionals, multifamily real estate remains one of the better-positioned asset classes within the industry

As these professionals expertly handle the dynamics of the space

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Posted by: | Posted on: May 20, 2020

For Some, Mortgage Forbearance Could Make It Harder To Get a Future Loan

Homeowners who request relief from their payments on their federally funded mortgages amid the coronavirus pandemic won’t be penalized for it in the long run, the federal government announced on Tuesday.

Earlier in March, the federal government assured homeowners with these loans that they wouldn’t lose their homes, incur fees, or have their credit scores damaged if they couldn’t make their payments—as long as they entered a lender-approved forbearance program. Typically, forbearances are doled out in three-month chunks for up to 12 months.

But that forbearance has been showing up on these borrowers’ credit reports, making it nearly impossible for many of them to refinance their mortgages into lower monthly payments or qualify for a loan on a new property, say if they get a job in another city. Traditionally, owners who resorted to a forbearance program had to make up the skipped payments and then wait a year before

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Posted by: | Posted on: May 20, 2020

For Some, Mortgage Forbearance Could Make It Harder To Get a New Loan in the Future

Many homeowners struggling because of the coronavirus crisis will no longer be penalized in the long run for receiving mortgage forbearance.

Published


Homeowners who request relief from their payments on their federally funded mortgages amid the coronavirus pandemic won’t be penalized for it in the long run, the federal government announced on Tuesday.

Earlier in March, the federal government assured homeowners with these loans that they wouldn’t lose their homes, incur fees, or have their credit scores damaged if they couldn’t make their payments—as long as they entered a lender-approved forbearance program. Typically, forbearances are doled out in three-month chunks for up to 12 months.


But that forbearance has been showing up on these borrowers’ credit reports,

Read More