Attn: Brokers, Agents, and Homeowners Gilman is Looking for Properties!

Attention: Brokers, Agents, and Homeowners

Gilman Management Corp. is looking for distressed assets such as short sales, REO, and foreclosed properties in Brooklyn and Queens! We are ready, willing, and able to close ASAP. We currently have a budget of $13 million set aside for these properties! We would LOVE to connect and be a part of monthly e-mail newsletter blasts.  If you have any listings please contact us today via FB, Twitter, or give us a call!

516-764-0226 | www.facebook.com/GilmanRE | Twitter: @GilmanRE |

http://www.gilmanmanagement.com/gilman_index.html

Top 5 Government Agencies to Find Properties

The Top 5 Government Agencies Where You Can Purchase Properties at Low Prices

1. HUD

http://portal.hud.gov/hudportal/HUD

• HUD’s mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the need for quality affordable rental homes: utilize housing as a platform for improving quality of life; build inclusive and sustainable communities free from discrimination; and transform the way HUD does business.

2. Tax Bureaus 

3. Bid4Assets

http://www.sba.gov/content/buying-government-surplus

• Enables you to bid on a wide variety of forfeited, surplus, tax-defaulted and foreclosed property online using Bid4Assets' online auction marketplace. Federal, state and local government agencies selling goods on the site include the U.S. Marshall Service, U.S. Dept. of Treasury, U.S. Dept. of Energy, the State of New Jersey and more than 40 counties nationwide.

4. General Services Administration

http://www.gsa.gov/portal/category/21122?utm_source=OCM&utm_medium=print-radio&utm_term=realestate&utm_campaign=shortcuts

• As the landlord for the civilian federal government, GSA owns or leases 9,600 properties and provides work space for more than 1 million federal workers. Find resources on how to lease vacant properties, offer commercial space to the federal government, buy surplus property, and more

5. Homesales.gov

http://homesales.gov/homesales/mainAction.do

The HomeSales.gov web site provides current information about single family homes for sale by the U.S. Federal Government. These previously owned homes are for sale by public auction or other method depending on the property. Anyone can buy a home for sale by the U.S. Government, but you must work with a real estate agent, broker or servicing representative to submit an offer or bid.

An Exclusive Lower Manhattan Gilman Management Listing!

Attention Brokers: A Featured Exclusive Listing 

2 Bedroom Apartment Located at 121 Henry Street

Gilman Management has an amazing listing available down in the heart of the Lower East Side! With close proximity to Chinatown and Little Italy, the restaurant options are endless. With the East River only blocks away the views are spectacular! You won't want to miss this listing!

Contact us today to find out more about this listing, and kindly provide us with an e-mail address to receive monthly blasts of more exclusive listings throughout New York City. 

516-764-0226 | www.facebook.com/GilmanRE | http://www.gilmanmanagement.com/gilman_index.html

The Top Five Foreclosure Apps for iPhone

The Top Five Foreclosure Apps for iPhone

1. Real Estate Foreclosures

• An app dedicated to helping buyers find the best deals on Foreclosures, Short Sales, HUD Homes, Residential Homes, Auction Properties, Land, etc. 
• Has advanced Search features, map views, and photos. 

2. Get Foreclosures Now

• This app provides the tools needed to get listing leads from banks, guaranteeing another stream of income, and keeping customers in the loop about upcoming foreclosures in your area. 
• Caters to helping real estate agents. 

3. HomeFinder.com Real Estate Search

• GPS enabled to find current homes nearby your current location for sale, for rent, and with open houses.
• Has advanced Search features, and instant-syncing to your tablet or desktop computer allowing you to continue your search at home (or work!)
• Allows you to share your favorite listing with your spouse or agent ASAP.

4. House Auction & Home Foreclosure Auction Profits

• A guide dedicated to helping you learn everything there is to know about making a profit with bank foreclosure auctions. 

5. Foreclosures 

• Search over 2 million foreclosure homes, pre forclosures, foreclosure auctions, bankruptcies and broker listings. 
• Search based of current location and view as a list or map format. 
• Get all information such as number of bedrooms, price, etc. right on your phone. 
• Foreclosure listings are LIVE and always being updated. 

For more information about foreclosures/short sales, call Gilman Management Corporation today (516)764-0226

The Five Most Unexpected Celebrities Who Have Faced Foreclosure

The Five Most Unexpected Celebrities Who Have Faced Foreclosure

1. Rihanna, Singer

• Location: Janice Place, Beverly Hills CA.
• In 2009, Rihanna bought the 8,520-square foot contemporary for $6.9 million.
• She sold it short sale earlier this year for $4.5 million, due to "extensive damage" from a flood. 

 

2. Chris Tucker, Comedian

•   Location: Bella Collina mansion, Lake County, FL.
• Tucker owed $4.4 million on the 10,000-square foot mansion when Sun Trust Bank filed the foreclosure papers in October. 
• He also owes the IRS $11.5 million in back taxes.

  

3.  Nadya "Octomom" Suleman, Reality TV Personality 

• Location: Madonna Lane, La Habra, CA. 

• Suleman filed for Chapter 7 bankruptcy in May.
• The foreclosure process on the 2,445-square foot house was complete in June, producing no bids, in which the bank then repossessed the property.

4.  Toni Braxton, Singer

• Location: Duluth, GA. 
• Braxton purchased the house in 2004 for $2 million.
• She lost the house when she filed for bankruptcy in 2010.   

5.  Nicholas Cage, Actor

• Location: Bel Air, CA.
• It was reported that Cage owed the IRS millions of dollars in back taxes. 
•  In April 2010, The LA Times reported that Cage had lost his $35 million dollar mansion to foreclosure.
•  Despite the opening bid being $10.4 million, which was less than a third of the house's original cost, there were no takers.  

Facts About the Current State of the Housing Market

Facts About the Current State of the Housing Market

Courtesy of DSN News, “Existing-Home Sales, Prices Jump to Multiyear Highs”

• Existing-home sales rose 0.6 percent in April to an annual sales rate of 4.97 million, the highest level since November 2009.
• The median price of an existing single-family home jumped $8,900 in the month to $192,800, the highest since August 2008.
• The inventory of homes for sale rose to 2.17 million—its highest level since last September.
• The supply of homes for sale rose to 5.2 months, the highest since October.
• According to the NAR data, April home sales were up 9.7 percent over sales a year earlier, a slightly slower improvement than the 10.8 percent year-over-year gain reported for March
• Distressed homes—foreclosures and short sales—accounted for 18 percent of April sales, down from 21 percent in March and 28 percent in April 2012, the NAR said
• Eleven percent of April sales were foreclosures, and 7 percent were short sales.
• Foreclosures sold for an average discount of 16 percent below market value in April, while short sales were discounted 14 percent compared with March when foreclosures sold for an average discount of 15 percent while short sales were discounted 13 percent.

To read the rest of the article’s facts click here or call us at Gilman Management Corp. today for more short sale facts 516.764.0226

An Exclusive Lower Manhattan Listing

Attention Brokers: An Exclusive Listing in the NoLiTa Area of Manhattan!

1 Bedroom Located at 265 Lafayette Street

Gilman Management has an amazing listing available down in the heart of NoLiTa, one of Manhattan's most desired areas! Within close proximity to Little Italy, the restaurant options are fantastic, SoHo right around the corner with great shopping, and thriving nightlife, the opportunities are endless!  

Contact us today to find out more about this listing, and kindly provide us with an e-mail address to receive monthly blasts of more exclusive listings throughout New York City. 

516-764-0226 | www.facebook.com/GilmanRE | http://www.gilmanmanagement.com/gilman_index.html

Rare 2BR in Williamsburg Avail

We have an awesome 2BR in Williamsburg available for only $2,050!

 Here are 10 Things You MUST do while in the neighborhood:

http://bit.ly/LRRMQK

Attention Brokers: A Featured Exclusive Listing!

Attention Brokers: A Featured Exclusive Listing! 

1 Bedroom Located at 96 Christopher Street

Gilman Management has an amazing listing available down in the heart of the West Village, one of Manhattan's most desired areas! With bustling nightlife, plenty of great restaurant options, and tons of shopping, you'll find everything you need and much more.

Contact us today to find out more about this listing, and kindly provide us with an e-mail address to receive monthly blasts of more exclusive listings throughout New York City. 

516-764-0226 | www.facebook.com/GilmanRE | http://www.gilmanmanagement.com/gilman_index.html

The heart of the West Village, Christopher Street & Bleecker Street

Open Listing: Retail Space in LES

We have a Retail Space on Orchard Street in the Lower East Side that we need to rent ASAP!

Gilman Management has a complete list of exclusive properties all throughout the New York City, including some of the hottest, most desirable areas of Manhattan. Some of these listings include a 1 bedroom apartment on Christopher Street, a 1 bedroom apartment on Stanton Street, a 1 bedroom on Lafayette Street, and a 2 bedroom apartment on Henry Street.  The exclusive list also features properties throughout Brooklyn. We have a 2 bedroom apartment on Jefferson Avenue, a 2 bedroom apartment on South 8th Street, and a 1 bedroom apartment on Marion Street, plus many more!  

We would love to share these quality properties with you, so please send us a quick message on Facebook with your e-mail and we will gladly put you on our monthly e-mail blast for an extensive list of hot new listings! Gilman Management Facebook Page

Exclusive Listings Courtesy of Gilman Management

Attention Brokers! We Have Some New Exclusive Listings!

Gilman Management has a complete list of exclusive properties all throughout the New York City, including some of the hottest, most desirable areas of Manhattan. Some of these listings include a 1 bedroom apartment on Christopher Street, a 1 bedroom apartment on Stanton Street, a 1 bedroom on Lafayette Street, and a 2 bedroom apartment on Henry Street.  The exclusive list also features properties throughout Brooklyn. We have a 2 bedroom apartment on Jefferson Avenue, a 2 bedroom apartment on South 8th Street, and a 1 bedroom apartment on Marion Street, plus many more!  

We would love to share these quality properties with you, so please send us a quick message on Facebook with your e-mail and we will gladly put you on our monthly e-mail blast for an extensive list of hot new listings! Gilman Management Facebook Page

Five Easy Steps To Finding The Perfect Short Sale

How to Find a Short Sale

Short sales are not new to the Real Estate front, but most definitely have increased in popularity over foreclosures since the start of the most recent recession. Since the decline of the market, many people, investors, brokers and homeowners alike have all turned to closing a short sale over a foreclosure. But for those who are new to the short sale game and are considering one, we are here to help. While we at Gilman provide as much knowledge and assistance as possible, we still want you to be informed about everything so you know what to expect. We have some tips on finding and securing a short sales.

Step One: Call an experienced real estate agent or agency that is well-versed on short sales and REO properties. It is important to obtain information from a reputable source, such as Gilman Management.

Step Two: Finance appropriately. It is very important to provide the agent with the criteria that best suits your needs. Here at Gilman we work with all types of REO properties and have an extensive collection of listings for everyone. While the agent or agency works on that, make sure you apply for loans if necessary. You want to be prepared when your offer is approved.

Step Three: Make sure you are aware of the market value. While short sales are known to be a bargain deal, make sure you check with your agent or agency to ensure you are getting the best ‘bang for your buck.’ Make sure to ask for a Comparative Marketing Analysis (CMA).

Step Four: Don’t forget the safety net. Check out the property. Have an inspector come in and assess any and all damages to the property ahead of time. Also,  it is imperative that you request an out of the contract for certain circumstances. Such situations include extensive and expensive damage to the property. You wouldn’t want the headache of being tied to a contract for a house that is in shambles, so protect yourself!

Step Five: Don’t settle. Keep your eyes open for the best possible listing. Keep up on your listing research. And if you contact Gilman, we can assure you, we will always be 100% honest with you every step of the way.

These points are essential in the short sale process. Just remember, short sales are the easier route, but it is important to stay on top of finances, the listing you are interested in, other potential listings, and the contracts involved. Good luck and happy short sale hunting!

Benefits of Short Sale vs. Foreclosure

We are firm believers in short sales, and here are some reasons why we are so confident in short sales:

* *Bank Pays All Legal Fees:* There are no legal fees payable by you, the bank that holds your mortgage pays all our fees, and if the short sale is not successful, no fee is charged. In a foreclosure, you must hire your own lawyer to defend you and pay all their fees.

* *Relocation Fees Can Be Paid By The Bank:* Some banks are offering relocation fees to homeowners to assist in your moving expenses

after the short sale is completed

* *It Is Not Necessary That You Empty Your Bank Account In a Short Sale:* You do have to disclose all assets to the bank, but often times a bank will approve a short sale to a homeowner with financial hardship without requiring that all cash be used in the short sale.

* *No Deficiency Judgments:* Unlike a foreclosure, which can sometimes result in you owning a judgment to the bank even after the foreclosure, a successful short sale does not leave the homeowner with a debt owing to the bank.

* *Your Credit Score Recovers Quicker:* * A foreclosure can take 2 years to complete, and once finished can stay on your credit report for another 7! A short sale will impact your credit score, but the damage can often be repaired within 18 months using a qualified credit repair expert.

* *You Maintain Control:* * You continue to own and live in the property during the short sale and maintain control. You make the decision on the broker, and are involved in all aspects of the deal. In a foreclosure, you do not have that control.

Short Sale For the Long Haul

We are all well aware of status of the economy, the ups and downs that have come with these past 7 years, and how it has affected the real estate industry to date. We have witnessed an insurmountable number of foreclosures, unpaid mortgages, and destroyed credit scores. Many people have suffered immensely, have become financially unstable, and have been forced out of their beloved homes. But instead of succumbing to the debilitating world of foreclosing your home, there is another option out there; short sales.

A short sale is when a homeowner cannot, for whatever reason, pay their mortgage in full. They then agree to sell their home for less than their mortgage or for less than their home was originally priced at. Provided the short sale is successful, the proceeds can then be used to pay off the mortgage. This alternative allows for a quicker recovery period for their credit score, the bank will cover all necessary fees, it doesn't require any legal action such as filing for bankruptcy or a foreclosure proceeding, and the homeowner does not walk away from it in further debt with the bank.

Here at Gilman Management we strongly encourage taking this route, and we will be there every step of the way. We can assist in the choosing of an attorney, a broker, and then we’ll take care of submitting the documents to the bank. We know these are tough times, and we only strive to provide you with the most accessible, most efficient “win-win-win” situation possible.