Is the cavalry coming to rescue troubled homeowners? Despite soaring foreclosure rates, President Bush and other Republicans have not made this a top priority. But this could soon change: President-elect Barak Obama and fellow Democrats say reducing foreclosures is crucial to attacking the financial crisis. As one expert notes: "The financial sector weaknesses all originate in the housing market. If we don't solve the housing problem, then the weaknesses in the financial sector are going to continue to multiply."
November 10, 2008
We join real estate Attorney Keith Schuman for some lawerly tips on the shopping and decision making process. Feel free to ask questions in the comments section.
November 5, 2008
I can't help but to take a moment, a bit off topic for this blog, to celebrate the triumph of our democracy today in electing Barack Obama as the next President of the United States of America. The cheering about 11 PM could be heard on the streets near my home in Tribeca as the polls closed on the west coast, and the networks announced their projections. I'm sure they were heard across the country and beyond. I've never seen a leader before with the ability to inspire so many people to renew their faith in the ideals and promise of America. Congratulations to Mr. Obama and to the American people on this historic evening.
November 3, 2008
Alexander and Leo Bing were considered NYC's leading property developers at the turn of the 20th Century. They built apartment houses in Manhattan in the twenties and thirties which have since been converted to cooperative ownership. I'm representing this sunny, quiet one bedroom apartment in one of Roth's buildings for Bing & Bing at 435 East 57th Street in Sutton. Well proportioned rooms, a powder room and white glove doorman service make this a classic city co-op home.