Real Estate Blog

Staten Island is rich with history that dates back over 10,000 years. Over the course of time, there have been several homes with historical significance to the area and those who have lived here. Nowadays, these homes are historical museums, which offer visitors the opportunity to learn more about the neighborhood and culture of the residents of the past.

Below are five of the most historic Staten Island homes turned museums.

Alice Austen House – Rosebank

The Alice Austen House dates back to its construction in the 1600’s. Originally a Dutch farmhouse, the property began to decline in quality, and in the mid 1800’s was purchased by New York City merchant, John Haggerty Austen. The property was restored over time, recapturing its essence and

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4th of July Staten Island

With the Fourth of July fast approaching, it’s time to start making decisions on places to go, people to see, and attractions to enjoy. This year, the holiday lands on a Monday, which means one thing… LONG WEEKEND! What better way to enjoy an extra day off than to explore some of the fun-filled events taking place around Staten Island. Below is a list of some of the notable events to check out around the area.

The Huck Finn Fishing Tournament and Costume Contest

Begin the day by taking part in the 88th annual Huck Finn Fishing Tournament and Costume Contest. The events are being held in Willowbrook Park off of Eton Place. Registration for the fishing tournament begins at 8:00am with the tournament beginning at 9. In addition to the opportunity

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The Subprime Lending Reform Bill which was signed by Gov. David Patterson and is supported by the New York Sate Association of Realtors, has succeeded in changing the state’s foreclosure laws. This bill, which was signed in August 2008, implements a series of reforms to prevent another crisis in the future.
Lenders must give homeowners at least 90 days warning prior to initiating foreclosure proceedings and provide them with a list of local, state approved housing counselors.
Lenders must meet with those who have defaulted and face foreclosure along with making a “reasonable and good faith” effort to determine whether an applicant can repay a loan.
Consumer protection requires loan brokers to act in the borrower’s best interest and offer loans that are best

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Rates on a 30 year mortgage fell last week to 4.78% causing homeowners to refinance and prodding new home buyers into the market.

Although Chase Bank repots a backlog in refinance applications, a 60 day lock is being offered so consumers don’t lose out on the rates.

Banks have noticed a spike in mortgage applications as well. Since home values have come down along with rates, people have more buying power.

These low rates push more people to buy homes and add access to additional cash flow.

The historically low mortgage rates are a result of the $750 billion the Federal Reserve pledged to Fannie Mae and Freddie Mac to buy mortgage backed bonds.

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