Key Real Estate Services, LLC is in The Hunt!

Did you see us in The New York Times Real Estate section?

 

Pre-Foreclosure Properties

Key Real Estate Services shows homeowners experiencing a financial reversal how to use the stored-up equity in their house or apartment to regain their family's financial stability. I encourage homeowners with more than ten years of mortgage payments behind them, to use that investment to bridge the troubled waters of their family's temporary loss of income, while that opportunity exists.

There is a fine line between your residence being a liquid asset and becoming a credit-destroying liability; that line is marketed by a first missed monthly payment. So when time is of the essence, Key Real Estate Services' accelerated marketing and sale process can make sure that you and your family get the maximum benefit from your years of ownership and investment — not the bank, not your creditors, not the lawyers.

Please contact me through the contact form or at 718-874-2877 or 914-661-0340. I look forward to hearing from you.

What one KRES client had to say:

"I thought you went above and beyond in helping us list, show, re-hab, upgrade, list again, show again, & finally sell my Dad's place! Call upon us anytime for a reference. Thank you!"
D. Landau, Executrix
September 2012

You Can't Make This Stuff Up!

Unit Number Riddle

When is a three-family house a one-family home? When it's a one-family house with three residential units. Get it?

This real estate riddle is frequently played out in the New York metro area where one or more illegal apartments are created in a house to help the property owners generate income from their home. The problem comes when that homeowner/landlord attempts to sell their illegally divided house with or without tenants. Banks don't make loans to buyers of houses when an appraiser's report description does not conform to the property's legal status.

What defines an illegal unit? Another kitchen with a working stove is the "tell" even though there are certain situations where an appraiser will accept two kitchens in a one-family house. But three kitchens in a legal single-family home are pushing it; I've had one of those. Four kitchens in a legal two-family house are pushing it exponentially; I've seen one of those.

The solution involves removing the offending kitchen(s). This needn't mean major renovation. Usually the removal of a stove and capping of the gas line will do the trick. Think of it not as loosing a kitchen, but gaining a wet bar—and there are no restrictions on that.

You can't make this stuff up.