All Forum Posts by: Bob Reinhard

@Scott Gaspar hello!

Yes and no.

Fed guidelines apply only to fed back loans.

States can regulate what goes on within the state itself excluding the above.

Regards,

Bob

Greetings

It is the job of the probate administrator, since there is no will, to get the highest and best price that he can, because it is his job to protect against diminution of the value of the estate.
This makes it his call, not the call of the lender.
That being said, why not meet in person with the adm. in order to educate on short sale and the process.

Much success.
Bob

GreetingsIt is the job of the probate administrator, since there is no will, to get the highest and best price that he can, because it is his job to protect against diminution of the value of the estate.
This makes it his call, not the call of the lender.
That being said, why not meet in person with the adm. in order to educate on short sale and the process.

Much success.
Bob

Greetings:

I am active in helping people buy time to stay in their homes when they face financial issues.  That being said, ALL short sales need to be listed with a broker per bank requirements. If I am unable to keep the owner in their home, the owner lists with a selected broker that lets me deal with the lender, (letting the broker keep the fee as earned, as they should). If it works, its is a win for the owner, the broker, and me.

Who will negotiate with the lender if you let your "experienced in shortsales" agent go? The owner will still need to list with with an agent?

Much success.

Bob

If you are looking for an investor friendly real estate agent to help locate opportunities in the Southern Tier (and Ithaca), I would suggest @Stephanie Jacobson. I can't guarantee success but I can guarantee competence!

Very nice Haiku/ I smiled because it's clever/ Forward to success

Happy investing!

Bob

Greetings and Welcome. Well, as a Boglehead, a house hack would suit the style ;)
West Haven and East Haven are not bad, but have pockets. A few drive-throughs will help.I'm often in that area. On site is the best teacher.
I can't speak to the shoreline other than it being, at the least, more expensive.

Reach out any time; either by message on here or through my contact info on the profile.  Much success.

Bob

hi and welcome and many future successes.

i'm active in CT. it's difficult to give advice on here.

my contact info is on my profile. Reach out any time to briefly soeak "live," ;)

Regards,

Bob

@Angelo Murano

Greetings.

Public Adjusters are very useful when your insurance company is not. They are commission-based. As a caveat, I would just point out that generally their commission is based not on what they negotiate above what you offered but, rather, upon the total amount paid. That means, if you were offered X dollars and they negotiated 2x as a payment, they are entitled to a commission on 2x.

Much success.

Bob

Welcome.

Newburgh can be hit and miss. Parts are good, part not such much (murder capital of NYS if I recall).

I think Pok is high in price ... it has been fished for a while.  Need to keep a sharp eye out.

If you don't live there, there is a Pol stop on Metro North; nothing on the other side of the river @ Newburgh. How will you commute? It's at least 60-90 minutes by car from NYC depending on where in the city you are.

Is a property manager worth it? Will they manage the work, or just the completed project? If the completed project, who will do the work? If they do the work, who will inspect it for you?

Many considerations abound.

Much success.

Reach out any time. Reach out thru here or my contact info should be in the profile somewhere. If not, I'll put it here.

Bob

@Christene Martin

Greetings.

My experience has been in NYC. The units stay stabilized generationally. Parent to live-in child and so on. Exercise caution and diligence.

Much success!

Bob