Luke Constantino November 21, 2009
As everyone who is in the real estate business already knows, 2009 have been a very challenging year. We have seen clients/customers go in all different directions. Yes, there are very good deals out there due to the financial crisis, but a lot of people did not lower their prices. I have done quite a few short sales, but I cannot look into the eyes of the people with the financial hardships. There is a lot of business out there; you just have to be skilled and versatile enough to move with the times.

Majority of the time, lawyers (at least here in NYC) are very short and non responsive to Realtors/agents. You add in the financial crisis, a few nervous clients and "BAM!!" these lawyers can become very aggravated! I have had more arguments with lawyers this year than any other time. Attorneys have many other venues in which you can do business in, real estate is mine... Can't we all just get along?

The rules and qualifications to get a loan have changed so much these past 3 years. It seems like every bank, S&L and Mortgage Company have their own rules. From what I see, Citibank has turned down the most amounts of people. I have called them on behalf of clients numerous times. Sometime this works, sometimes not. The one most annoying line I have heard them all say is ‘I understand"... Didn't they get a bail put package?
It's hard enough living here in NYC. We have a mayor who raised ever tax imaginable and has given out more tickets than anyone, and we re-elected this jerk!!! I feel the $8,000 dollar tax refund extension is nice, but we live in a higher price bracket and the criterion to get this loan does not fit a majority of first time homebuyers here. I was born and raised here in NYC. We're known for being able to withstand a lot and be very hardcore, but sometimes, it's just too much...
America, Let's not get caught with our pants down again.

Luke Constantino
Commercial | Residential
RE/MAX @ THE SLOPE
Direct: (212) 300-3919 | Fax: (360) 368-0098
http://LukeConstantino.com
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