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Hudson Valley House | From 'Urb to 'Burb Blog

Tuesday, May 5, 2020   /   by Vanessa Saunders

Forbearances creating havoc among some home buyers.

From Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
05-05-2020
The Coronavirus outbreak has left many Americans dealing with reduced income or unemployment. In response, the federal government enacted the Coronavirus Aid, Relief, and Economic Security Act (CARES), which in part directs lenders to provide mortgage relief options to affected homeowners. But some lenders are mishandling the program and innocent borrowers are suffering the consequences.
The CARES Act requires lenders to offer borrowers up to 180 days’ forbearance, with the option for borrowers to request an additional 180 days’ forbearance or to stop the forbearance at any time. You can be directly or indirectly affected by the COVID-19 outbreak to qualify for forbearance, and you do not have to be delinquent on your mortgage. You can apply before you’ve missed a payment.
Under the terms of the CARES Act, lenders won’t report forbearance to the credit bureaus. ...

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  hudson valley real estate, hudson valley property, buying a home, hudson valley home owners, hudson valley house, financing, mortgage, credit scores, pandemic, lending

Friday, April 10, 2020   /   by Vanessa Saunders

UPDATE: Mortgage forbearance programs to help New Yorkers survive.

From Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems


The financial crisis coming out of the COVID-19 pandemic is causing a great deal of pain for many home owners unable to afford their monthly mortgage payments. Many lenders and financial institutions are offering forbearance programs to relieve some of the pressure.


Forbearance is when your mortgage servicer or lender allows you to temporarily pay your mortgage at a lower payment or pause paying your mortgage. Forbearance does not erase the amount you owe on your mortgage. You will have to repay any missed or reduced payments.


It is possible to defer a payment during your mortgage term, but you'll need your lender's cooperation. If you are dealing with a temporary financial hardship, ask your lender for forbearance. To help you avoid foreclosure, a lender may let you defer a payment or two.


Under forbearance, your loan payments are postponed (or reduced) but interest continues to accrue d ...

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  hudson valley real estate, hudson valley property, hudson valley home, hudson valley home owners, 'urb to 'burb, hudson valley house, mortgage, pandemic, the economy, unemployment

Wednesday, April 8, 2020   /   by Vanessa Saunders

Make this effective disinfectant at home.

April 8, 2020
From Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
For many years we owned Bunbury's Coffee Shop in Piermont, NY. My husband Tim used to make a very simple, very effective disinfectant to sanitize cooking surfaces, utensils and dishware. The Rockland County Health Department held a seminar on food handling and food service safety procedures, and recommended this formula as a way of ensuring safe food prep conditions. In this day of empty store shelves and a need for healthy practices and supplies, we would like to share it with our readers.
The formula is simple: Bleach and water. Yup. Good old Clorox, which is still available in most stores.
Now before you start using bleach everywhere, it's important to know that bleach is caustic and can emit potentially lethal fumes.1 That's why it's important to dilute your bleach and ensure that it's not used at full-strength and not mix it with other solutions and chemicals. Different surfac ...

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  hudson valley real estate, hudson valley home, 'urb to 'burb, hudson valley house, pandemic, piermont, cleaning and disinfecting

Wednesday, April 1, 2020   /   by Vanessa Saunders

A rabbit and a Rottweiler walked into a blog...

The above video has nothing to do with this blog, but what the heck. We love seeing a rabbit playing with a Rotweiler.
After you watch, if you want to read this blog, it's about the economic slow-down and how home buyers should prepare for when the economy gets back to normal. Enjoy!
The rapid spread of the Corona virus has been compared to prior pandemics and outbreaks not seen in many years. It also has consumers remembering the economic slowdown of 2008 that was caused by a housing crash. This economic slowdown, however, is very different from 2008.
One thing the experts are saying is that while we’ll see a swift decline in economic activity in the second quarter, we’ll begin a sharp rebound in the second half of this year. According to John Burns Consulting:
“Historical analysis showed us that pandemics are usually V-shaped (sharp recessions that recover quickly enough to provide little damage to home prices), and some very cutting-edge search engine analys ...

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  hudson valley real estate, hudson valley home, 'urb to 'burb, westchester county, rockland county, ulster county, sullivan county, hudson valley house, manhattan, dutchess, first time home buyer, funny blog, the economy

Friday, March 27, 2020   /   by Vanessa Saunders

Four projects to keep your home ownership dreams alive.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems
While COVID-19 is still going viral and many people are sidelined from our usual activities, you don't have to press Pause on your dream of finding a home. Here are four things you can do right now to keep your home search on track, so you're ready to go when the pandemic subsides.
Get Pre-Approved for a mortgage
Use this time to take one of the most important steps in buying a house. A pre-approval will show you how much a lender is willing to finance, and it shows sellers and their agents you're serious. It's a great time to gather up necessary documents like income verification, credit history, and asset documents. You can even call a lender as financial institutions are deemed essential services and reach out to a lender.
Virtually connect with an agent.
Start working with a trusted Realtor so you're ready to move quickly when the right house pops up. However you connect, a Realtor can help you navigate t ...

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  hudson valley real estate, hudson valley home, buying a home, 'urb to 'burb, hudson valley house, why work with a realtor, first time home buyer, mortgage

Global Property Systems
Vanessa Saunders MBA MIMC CIPS - NYS RE Principal Broker
56 Lafayette Avenue Suite 320
White Plains, NY 10603
914-290-5258

The data relating to real estate for sale or lease on this web site comes in part from MHMLS. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the MHMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. The information appearing herein has not been verified by the Mid-Hudson Multiple Listing Service, Inc. or by any individual(s) who may be affiliated with said entity, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose. ©2020 Mid-Hudson Multiple Listing Service, Inc. All rights reserved.
The data relating to real estate for sale or lease on this web site comes in part from One Key, Inc. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the One Key, Inc logo or an abbreviated logo and detailed information about them includes the name of the listing broker.

The information appearing herein has not been verified by One Key, Inc or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose.

©2020 One Key, Inc. All rights reserved.

The data relating to real estate on this website comes, in part, through the IDX of the Multiple Listing Service of Ulster County, Inc. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the IDX logo and detailed information about them includes the name of the listing broker.