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Pandemic | The Hudson Valley NY From 'Urb to 'Burb Blog

Tuesday, January 19, 2021   /   by Vanessa Saunders

Mortgage forbearance payback hell!

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
http://www.globalpropertysystems.com

Over the past few weeks, I have been speaking to many people who are concerned about the end of their post-Covid19 forbearance time. Those struggling to pay their mortgages due to the consequences of Covid19, be they parents who can’t work because they need to be at home with their children homeschooling, or the many whose jobs just fizzled out and don’t appear to be coming back because their employers have shut up shop - unable to pay their own bills. Now tax time is adding to the misery for those who don’t have their taxes prorated into their mortgages. The majority of the people I speak to are seeing their savings dwindle as the pandemic continues. Everyone is concerned that their flow of money has all but dried up, and wonder how long it will take the economy to get back on its feet.
The homeowners I have spoken to were all relieved the lif ...

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  hudson valley real estate, hudson valley property, hudson valley home, 'urb to 'burb, hudson valley home owners, hudson valley home sellers, selling your home, pandemic, financing, mortgage, lending, forbearance, forclosure, covid 19, ppp loans

Sunday, January 17, 2021   /   by Vanessa Saunders

NY UTILITY SHUTOFFS MORATORIUM IS COMING TO AN END….OR IS IT?

If you’ve been suffering financial hardship during the Covid19 Pandemic and live in New York, you likely benefitted from the state moratorium on utility shutoffs which are slated to end in March 2021. Need more time? By contacting your utility companies and certifying your need you may be eligible for a deferred-payment agreement which will get you another 180 days before having to pay them back. You could also petition the New York State Public Service Commission and Attorney General’s Office, or contact the Public Utility Law Project, at 877 669-2572 or info@utilityproject.org, to obtain free legal services. Do this now if you need help, or you may miss out.

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  'urb to 'burb, pandemic

Tuesday, January 12, 2021   /   by Vanessa Saunders

Don't say we didn't warn you!

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
If you have any plans of selling your house in the upcoming year, there are two very compelling reasons to do it sooner rather than later:
1. Right now, Hudson Valley real estate is in a phenomenally strong seller's market.
2. This thing won’t last forever.
There. That’s your warning.
The reasons this unusual situation exists are many, and we’ve discussed them here many times. If you’re a seller, you don’t need to know the reasons. Just get your house on the market. NOW.
Lawrence Yun, Chief Economist for the National Association of Realtors wrote recently about how quickly homes are selling right now, further confirming the benefits to sellers: Yun says, “The market is incredibly swift this winter with the listed homes going under contract on average at less than a month due to a backlog of buyers wanting to take advantage of record-low mortgage rates.” ...

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  hudson valley real estate, hudson valley home, 'urb to 'burb, buying a home, home investment, housing sales inventory, first time home buyer, pandemic, vacation property, forbearance, forclosure, finding forclosurehomes

Tuesday, December 29, 2020   /   by Vanessa Saunders

PPP Phase II - Forgivable Loans for small business are back again.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
The latest federal financial drama is over, as out-going president Trump has reversed his earlier position and has signed the latest Covid-19 relief package. Among the many layers in the larger spending package is rental assistance, eviction protections and direct payments to American citizens. Significantly for small and mid-sized businesses is the second phase of the Paycheck Protection Program, which is rolling out with similar but slightly tighter requirements for applicants.
Basically, applicants need to show that their revenue dropped at least 25 percent year-over-year in the fourth quarter of 2020. While many sectors of American business have responded well to the first PPP round, some industries such as hospitality have continued to languish. Also, the new bill also restricts PPP money to companies with 300 or fewer employees. That’s opposed to the 500-person cap that existed during th ...

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  hudson valley real estate, hudson valley property, hudson valley home, 'urb to 'burb, pandemic, covid 19, ppp loans

Monday, December 28, 2020   /   by Vanessa Saunders

When 2020 has left the building, what's next?

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
As we get ready to shuffle 2020 out the door, about the only thing missing from our New Year’s Eve plans is optimism for the coming new year. It's not surprising a mood of "good riddance" seems to sum up the national attitude about the year 2020. After all, we've faced a global pandemic, social unrest, an economic downturn, a lame-duck president and natural disasters. It even rained on Christmas. The year has driven many homeowners to reconsider their home spaces, where to live and what to live in to cope during 2021.
That said, we do have some things going for us. Here are three things we can be optimistic about.
The U.S. economy is still strong.
Even though independent businesses, especially in the service sector, are struggling, the markets have made impressive gains from last spring. There is nothing fundamentally wrong with the economy. There is no “bubble” driving excessive ...

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  hudson valley real estate, hudson valley home, 'urb to 'burb, hudson valley home sellers, housing sales, housing sales inventory, pandemic, financing, the economy, the future of real estate, health crisis

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


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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.

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