Showing category "Real Estate" (Show all posts)

Fannie and Freddie - What are you Thinking?

Posted by Avi Frisch on Friday, June 25, 2010, In : Real Estate

Fannie Mae and Freddie Mac, the nation's biggest mortgage underwriters through purchases on the secondary market of loans, have said they will not allow borrowers who have walked away from their loan for strategic reasons (i.e., the loan was under water but they could still afford to pay). This decision is counter to intelligent policy and will saddle Fannie and Freddie with decisions it cannot possibly make. As both of these entities are owned by the Federal Government, they should be opera...
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New York Times Article on Living Rent Free

Posted by Avi Frisch on Tuesday, June 1, 2010, In : Real Estate

The New York Times has a front page story on how those in foreclosure are living for long periods of time without paying anything, while the slow foreclosure process grinds itself out. Good idea to have a lawyer to help you drag out the judicial process and ensure your legal rights are protected. Please call me at 201-289-5352 for information on how I can help, affordably.
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Tree Damage

Posted by Avi Frisch on Tuesday, March 23, 2010, In : Real Estate

In the recent storm, lots of people had tree damage. See my analysis of the legal issues here.
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What to do When You Fall Behind on Your Mortgage

Posted by Avi Frisch on Wednesday, February 10, 2010, In : Real Estate

I have a new column up at NewJerseyNewsroom on what to do when you fall behind on your mortgage. Click here for the full piece.
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Free Radon Test

Posted by Avi Frisch on Monday, February 1, 2010, In : Real Estate

Bergen County residents can get a free radon test from the Bergen County Executive. More information on radon can be found here

The Bergen County Executive issued the following press release:

Bergen County Executive Dennis McNerney and the Department of Health Services (BCDHS) announce free radon test kits will be given on a first come, first serve basis to county residents. Free test kits will be available for Bergen County residents in the lobby of the Bergen County Administration Building...

Stuyvesant Town

Posted by Avi Frisch on Friday, January 8, 2010, In : Real Estate

Today it appears that the Stuyvesant Town purchase by Tishman Speyer and its partners will go down as one of the biggest real estate flops ever. The huge residential complex was purchased for $5.4 Billion in 2006, and never really made much sense. As the New York Times is reporting, Tishman Speyer and Blackrock are planning to default on this months mortgage payment. This deal would have fallen apart even had the economy not tanked, and it would probably be best if the mortgage lenders just...
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