Tag Archives: Bedford NY Realtor

Bedford NY Realtor

Ultra-high-end foreclosures up 61% in 2013 | Bedford NY Real Estate

Leave a reply

Looking for eight bedrooms, 13 bathrooms and 23,000-square feet in Houston?

For a cool $6.3 million you may be able to take it off the bank’s hands since it repossessed a house fitting this description in April.

According to RealtyTrac, foreclosures on ultra-high-end homes — those with a value over $5 million — are up 61% over last year, defying the trend in the overall market that has seen foreclosure activity down 23% through October.

Panoramic ocean views, stunning architecture and landscaping — even putting greens — are some of the hallmarks of these luxury properties.

And although they account for a tiny part of the market — less than 200 total in 2013 so far — they can cost a foreclosing lender a sizable amount.

However, as Emmett Laffey, CEO of Laffey Fine Home International in New York City, said, “Any foreclosure properties in this kind of ultra-luxury market get purchased very quickly since there is one thing all super-rich buyers want — an outstanding deal on a real estate transaction, and in most cases foreclosures of this magnitude come with several million dollars of built-in value.”

According to RealtyTrac the top market for foreclosures in the $5 million-plus range is in the Miami/Fort Lauderdale area, followed by Los Angeles.

Rounding out the top five list are Atlanta, Ga.; Orlando, Fla.; and the New York City/Northern New Jersey area. Although Los Angeles made the top-five list, foreclosure activity in California as a whole is down compared to last year.

 

 

 

http://www.housingwire.com/articles/28215-ultra-high-end-foreclosures-up-61-in-2013

Coastal Walter Gropius Design With Ocean Views Asks $2.2M | Bedford NY Real Estate

Leave a reply

15 images

Location: Brooklin, Maine Price: $2,200,000 The Skinny: Three years after Bauhaus founder Walter Gropius formed his American firm The Architect’s Collaborative in 1945, he designed this handsome, low-slung residence on the far southern tip of Maine’s Naskeag Point. While it’s a far cry from the radical modernism of the architect’s more famous designs, it does hew closely to the Bauhaus ideals of simplicity and efficiency. The long, narrow floor plan and large windows allow light to fill the home, while the butterfly roof creates high indoor ceilings and allows for taller windows on the seaward side of the house. The parallel siting of the house with the shore maximizes the views of Naskeag Harbor and a pair of private islands across the narrow strait, and the living room opens out onto a partially covered deck that juts out towards the water. For getting out onto the water instead of just gazing at it, the three-bedroom, three-bathroom home also comes with access to a common dock. The house, which has been on and off the market since August 2012, is asking $2.2M.

 

 

 

JPMorgan settlement gives glimpse into mortgage machine | Bedford Real Estate

Leave a reply

The historic settlement with JPMorgan Chase & Co (JPM) over the bank’s mortgage practices offers a unique look at how the bank packaged and marketed the mortgages it sold as securities, according to The New York Times:

At the heart of the civil settlement, which materialized after months of wrangling, is a statement of facts negotiated with the government that provides details into how JPMorgan assembled mortgage securities sold from 2005 through 2008. While the bank did not admit any violations of law, its decision to approve the statement was one of a few critical concessions it made in order to strike the deal.

The statement shows that as JPMorgan packaged the residential mortgages into complex securities, the bank promised to alert investors to any flaws that might raise questions about the loans, according to the statement.

Of course, the real news about the settlement is that it isn’t really about JPMorgan Chase at all. It’s about the crappy loans sold by Bear Stearns and Washington Mutual:

Many of the mortgage securities included in the settlement are not JPMorgan’s. Instead, they belong to Bear Stearns and Washington Mutual, which JPMorgan bought in 2008.

On a conference call on Tuesday, Marianne Lake, the bank’s chief financial officer, said that roughly 80 percent of the losses at issue in the settlement stem from Bear Stearns.

Bet JPM feels great about those purchases right about now.

 

 

http://www.housingwire.com/articles/28047-jpmorgan-settlement-give-glimpse-into-mortgage-making

Widespread Brush Fire Consumes NY Parkland | Bedford NY Real Estate

Leave a reply

Dozens of acres of woodland are burning in Rockland County as a set of brush fires zigzag their way through a state park, torching trees in their path and sending thick smoke and flames into the sky.

More than 150 firefighters began battling the brush fires in Clausland Mountain State Park in Orangeburg Thursday afternoon. The flames spread quickly with the windy and dry conditions, and were consuming about 50 acres of land by nighttime.

“It’s blowing it all over. It just took off, the wind blew it right up the mountain,” said Orangeburg Fire Chief Cornelius Lynady.

The firefighters had to halt their efforts when the rugged mountain terrain became too steep and the nighttime hours became dangerously dark. They’re expected to resume their work Friday morning, and helicopter units will join in to douse the flames with water.

The flames are not threatening the roughly 100 homes located on perimeter roads, according to officials, though if residents see the fire getting close, are urged to call 911.

 

 

 

http://www.nbcnewyork.com/news/local/Orangeburg-Brush-Fire-Clausland-Mountain-State-Park-Rockland-Flames-Smoke-Trees-Burning-232001351.html

 

 

 

Tasteful Treats In Bedford Adapts Unique Give-Back Approach | Bedford NY Real Estate

Leave a reply

Rose Colonna is the owner of Westchester’s premiere gifting company Tasteful Treats & Treasures located in Bedford.

After multiple requests for one-time donations, together with her daughter, Jennifer Colonna, they have created a program with continued sustainable support for the community, with a new way to give back.

Tasteful Treats & Treasures has implemented a fundraising program to benefit non-profit and charitable organizations.

The “Treats Gives Back” program encourages customers to take advantage of their services when sending a gift across town, nationwide, or even around the world as is the case for their Military Care Package.

Each time a customers places an order, Tasteful Treats will donate a portion of the proceeds to the organization of the customer’s choice by simply choosing one of the organizations from the drop down menu featured on the checkout page of their website www.tastefultreats.com.

 

 

 

http://mtkisco.dailyvoice.com/business/tasteful-treats-bedford-adapts-unique-give-back-approach

Homebuilders may offer big discounts to goose spring sales | Bedford NY Real Estate

Leave a reply

Homebuilder D.R. Horton Inc. is prepared to offer big discounts to buyers if sales don’t pick up by the start of the spring selling season, and other builders might be forced to follow suit, the Wall Street Journal’s Kris Hudson reports.

Orders for new homes were down 10 percent in October from a year ago, the Journal reports, citing a Zelman & Associates survey.

 

 

Source: blogs.wsj.com – See more at: http://www.inman.com/wire/homebuilders-may-offer-big-discounts-to-goose-spring-sales/#sthash.8quey4MM.dpuf

Is Your Kitchen Ready for the Holidays? | Bedford NY Real Estate

Leave a reply

1. Upgrade Your Appliances

You’re probably familiar with the concept of the work triangle (where the legs are the distances from the fridge, sink, and cooking surface). The theory goes that a properly laid out work triangle allows each cook to work more efficiently. Ideally, each cook has his or her own work triangle. Too bad that’s not always possible. One of the ways to work around a lack of space is to buy appliances that make the most efficient use of the space you do have. In-wall double ovens are a great idea if you frequently cook for a crowd, while countertop-cooking surfaces are perfect for those who need extra cabinet space. Of course, when you cook for a crowd you have to clean up for them. If you’ve got the space, think about adding an extra dishwasher. If that’s not an option, you could go with the alternative and replace your current dishwasher with an energy efficient, large capacity model.

Upgrade Your Appliances2. Check Your Plumbing

Chances are you only have one sink in your kitchen. How great would it be to have two? If you’ve got a nice sized kitchen island, you might want to talk to a plumber to see what it’d take to add a prep sink to your island. If that’s not an option, adding a pot filler faucet behind your stove is a great way to improve your kitchen’s flow without spending an arm and a leg. One final tip: Now’s the time to make sure your garbage disposal is cleaned and ready for the extra workload. If it’s been sounding rough, we recommend calling a plumber or handyman to come out and take a look at it.

Find Pros3. Maximize Your Storage

Outside of completely remodeling your kitchen, there’s no better way to improve your kitchen’s functionality than by upgrading your cabinets to make the most of your space. Retractable trashcans, lazy Susans, pullout shelving, and drawer and cabinet dividers all make smart additions to your existing cabinets. If you’ve got the budget to install new cabinets, a great way to boost your storage options is to go with base cabinets with drawers rather than doors and to extend your upper cabinets to the ceiling.

Maximize Your Storage4. Remodel Your Space

Few projects spark the imagination like a kitchen remodel. It’s the one project that a homeowner starts daydreaming about as soon as they move into their house. Perhaps it’s the one project you’ve been daydreaming about, too. Whether you want to open things up and create a more expansive space that’s perfect for entertaining, or add more room to accommodate multiple cooks in the kitchen, a remodel is the way to go if you want to create the ultimate cooking and entertaining environment.

Remodel Your Space

 

 

 

 

http://welcome.homeadvisor.com/is-your-kitchen-ready-for-the-holidays?m=homesense&entry_point_id=27010020

 

Village Of Bedford To Open Playground | Bedford Real Estate

Leave a reply

The Village of Bedford will celebrate the opening of the new playground at Bedford Village Memorial Park on Saturday, Nov. 16.

The opening ceremony is set for 10 a.m. at the playground at Bedford Village Memorial Park at 65 Greenwich Road in Bedford, according to a notice from the village. The ceremony promises to include a ribbon cutting for the new playground and a “Slide Ride” ceremony, according to the notice.

“As part of the playground opening celebration, the Bedford Youth Soccer Club will be presenting a check in the amount of $8,500 to the town for the purchase of a new Portable Light Tower for the benefit of the BYSC program participants and the residents of the town during emergencies and special events throughout the year,” representatives said in the notice.

Superintendent of Parks and Recreation Bill Heidepriem will open the ceremony with Recreation & Parks Advisory Committee Chair Brian McCabe and Town Supervisor Lee V.A. Roberts offering remarks, according to the notice. The ceremony will also feature the presentation of a presentation of a playground project pledge check of $20,000 from the Chowder & Marching Club.

 

 

 

http://bedford.dailyvoice.com/events/village-bedford-open-playground