Author: Gary

The Top Ten Foreclosing Banks

Courtesy of State Senator Jeff Klein, 34th district. Linked from a commenter on New Jersey Real Estate Report. Here are the top 10 foreclosing banks for the last 13 months and the number of foreclosure filings they have made in NYC, Westchester and Nassau. Please note that this list only reflects the final bank to own a foreclosed loan, which is not necessarily the bank that originated the loan. Deutsche Bank 2299 Wells Fargo 1791 .U.S. Bank, N.A. 1711 HSBC 989 JP Morgan Chase 838 Bank of New York 807 Washington Mutual, Inc. 673 Fremont Investment & Loan 622 Citigroup 582 Countywide 520 For more information, check out my new REO...

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MLS Report – August 7th 2007

Entering the dog days of August, we can see that there’s been at least some motion in the Long Island real estate market. A few houses here and there have disappeared off the MLS, including more than a couple that I’ve been keeping my eye on. Of course, except for the ones I’ve actually driven by and seen a “SOLD” sign on, I have no way to know how many of the homes have actually sold and how many have just been pulled off the market by frustrated owners unable to get their price. I’ll be keeping my eye on Zillow for the updated info. Still, you have to figure that people would start buying eventually. Summer is slipping away quickly and if you want to be in a house before the kids start school, sooner or later you have to suck it up and pull the trigger, even if the price isn’t quite right. As for me, I’m still keeping my powder dry. I’ve been watching the market pretty intently for the past ten months or so and, with a couple of notable exceptions, I haven’t seen anything that really tempted me to jump in and buy. Everything is still priced too high, even the bad properties. Homes in Babylon Total: 104 Babylon School District: 54 BSD and Under 600K: 33 Condos/Coops:5 Technorati tags:...

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The Origin Of Babylon

From Newsday And Conover picked up a story: When Conklin built his house, there was a tavern nearby, but his mother objected, saying it was sinful. She went to her Bible, and picked a name she thought reflected its decadent state, and somehow it stuck. She called it “Babylon,” and Conklin told her no – it was the new...

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Whalers Cove

I am very tempted by the idea of living in a condo instead of a single family home. The prospect of not being responsible for yard work, lawn mowing and exterior maintenance is pretty appealing. Whaler’s Cove is a complex that’s right in my neighborhood. The prices are solidly in my range and there are some for sale. ML# 1956941 – $339,000 ML #1923130 – $347,000 ML #1983414 – $360,000 – Unit 17 ML #1961359 – $369,000 ML #1970446 – $369,000 – Unit 4 ML# 1984365 – $369,000 Six for sale? There aren’t all that many unit in this complex to begin with. I have to wonder what’s up here. Still, I do hope to have a look at one or more of them soon. There are some open houses this...

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MLS Report – July 24th 2007

Ten days since the last MLS report. Funny, I thought I’d be doing these every day or every other day, but the MLS has been pretty stagnant. Not all that much to write about. No new homes I’m interested in. although at least one that I was looking at seems to be gone now. Homes in Babylon Total: 112 Babylon School District: 63 BSD and Under 600K: 40...

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