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		<title>SIBOR Echoes The Truth About Staten Island: It&#8217;s a Fun Place to Live</title>
		<link>http://siborrealtors.com/2012/05/18/sibor-echoes-the-truth-about-staten-island-its-a-fun-place-to-live/</link>
		<comments>http://siborrealtors.com/2012/05/18/sibor-echoes-the-truth-about-staten-island-its-a-fun-place-to-live/#comments</comments>
		<pubDate>Fri, 18 May 2012 20:37:04 +0000</pubDate>
		<dc:creator>BartH</dc:creator>
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		<guid isPermaLink="false">http://siborrealtors.com/?p=4932</guid>
		<description><![CDATA[Staten Island&#8217;s bustling Forest Avenue takes time for a stroll STATEN ISLAND, N.Y. &#8212; Staten Island has a lot to offer, especially when it comes to a strong sense of community. The Staten Island  Board of Realtors (SIBOR) would like to share the following article from the Staten Island Advance and SILive with our readers ...]]></description>
			<content:encoded><![CDATA[<h1>Staten Island&#8217;s bustling Forest Avenue takes time for a stroll</h1>
<p><span style="font-size: x-large; color: #888888;">STATEN ISLAND, N.Y. &#8212; Staten Island has a lot to offer, especially when it comes to a strong sense of community.</span></p>
<div id="attachment_4936" class="wp-caption alignright" style="width: 310px"><img class="size-medium wp-image-4936" title="Hot Dog with Ketchup and Mustard" src="http://siborrealtors.com/wp-content/uploads/2012/05/hot-dog-300x199.jpg" alt="" width="300" height="199" />
<p class="wp-caption-text">According to the Staten Island Advance, &quot;Appleseed Homes owner Tony Whalen gave away 350 free hot dogs while associate broker Kathy O’Leary Garbarino manned an outdoor raffle game with prizes.&quot;</p>
</div>
<p><span style="color: #888888; font-size: x-large;">The Staten Island  Board of Realtors (SIBOR) would like to share the following article from the Staten Island Advance and SILive with our readers because it highlights the joy shared between business people and residents in our borough:</span></p>
<p><span style="font-size: medium;">Beautiful weather combined with friendly merchants offering free samples attracted hundreds of people to Forest Avenue in West Brighton yesterday for the annual Spring Stroll sponsored by the Forest Avenue Business Improvement District.</span></p>
<p><span style="font-size: medium;">At many stores along Forest Avenue between Hart Boulevard and Broadway, visitors were offered free food, games and other goodies between the hours of 4 and 8 p.m. Rustic Music featured musicians playing hard rock classics like Deep Purple’s “Smoke on the Water” and Ted Nugent’s “Cat Scratch Fever.”</span></p>
<p><span style="font-size: medium;">Appleseed Homes owner Tony Whalen gave away 350 free hot dogs while associate broker Kathy O’Leary Garbarino manned an outdoor raffle game with prizes. <em><strong><a href="http://www.silive.com/northshore/index.ssf/2012/05/staten_islands_bustling_forest.html" target="_blank">READ MORE &#8230; </a></strong></em></span></p>
<p><strong>About The Staten Island Board of REALTORS® (SIBOR) </strong></p>
<p>The <a href="http://www.siborealtors.com/" target="_blank">Staten Island Board of REALTORS® (SIBOR)</a> is the largest not-for-profit trade association in Staten Island, N.Y.</p>
<p>SIBOR exists to enhance the ability and opportunity of its members to conduct their business successfully and ethically; and to promote the preservation of the public’s right to own, transfer and use real property.</p>
<p>Comprised of over 1,600 members, SIBOR serves real estate agents, brokers and affiliated professionals throughout the borough and surrounding areas.</p>
<p>SIBOR is the provider of the Staten Island Multiple Listing Service Inc. (SIMLS), which works as a clearinghouse through which more than 250 local real estate firms exchange information on properties they have listed for sale. Together, its members participate in over 3,000 real estate transactions every year.</p>
<p>All SIBOR members belong to the New York State Association of REALTORS® (NYSAR) and the National Association of REALTORS® (NAR).</p>
<p>SIBOR may be reached at 718-928-3220 and visited online at <a href="http://siborrealtors.com/" target="_blank">http://siborrealtors.com</a>.</p>
<p><strong>Media Inquiries:</strong></p>
<p><a href="http://www.relevantpr.com/" target="_blank"><strong>Relevant Public Relations, LLC</strong></a></p>
<p><strong>Headquarters: 718‑682‑1509</strong></p>
<p><strong>Mobile: 917‑715‑8761</strong></p>
<p><strong>Email: </strong><a href="mailto:info@RelevantPR.com" target="_blank"><strong>info@RelevantPR.com</strong></a></p>
<p><span style="font-size: medium;"><em><strong><br />
</strong></em></span></p>
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		<title>SIBOR Members, Realtors® From Across the Nation Raise Awareness at Washington Monument Rally</title>
		<link>http://siborrealtors.com/2012/05/17/sibor-members-realtors%c2%ae-from-across-the-nation-raise-awareness-at-washington-monument-rally/</link>
		<comments>http://siborrealtors.com/2012/05/17/sibor-members-realtors%c2%ae-from-across-the-nation-raise-awareness-at-washington-monument-rally/#comments</comments>
		<pubDate>Thu, 17 May 2012 17:57:50 +0000</pubDate>
		<dc:creator>BartH</dc:creator>
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		<guid isPermaLink="false">http://siborrealtors.com/?p=4917</guid>
		<description><![CDATA[WASHINGTON (May 17, 2012) &#8211; An estimated 15,000 Realtors®, including members of the Staten Island Board of Realtors, converged on the grounds of the Washington Monument today to make their voices heard on behalf of homeowners, real estate investors, and those who aspire to homeownership.  At the Rally to Protect the American Dream, Realtors® from every ...]]></description>
			<content:encoded><![CDATA[<div>
<div id="content-type">
<h2 id="page-title">WASHINGTON (May 17, 2012) &#8211; An estimated 15,000 Realtors®, including members of the <a href="http://www.siborrealtors.com" target="_blank">Staten Island Board of Realtors</a>, converged on the grounds of the Washington Monument today to make their voices heard on behalf of homeowners, real estate investors, and those who aspire to homeownership. <img class="alignright size-full wp-image-4923" title="homeMatterBtn" src="http://siborrealtors.com/wp-content/uploads/2012/05/homeMatterBtn.png" alt="" width="184" height="185" /></h2>
</div>
</div>
<div>
<p><span style="font-size: medium;">At the <em><a href="http://www.realtorrally.org/" target="_blank">Rally to Protect the American Dream</a></em>, Realtors® from every state in the country joined invited members of Congress to demonstrate their commitment to preserving access to homeownership and robust real estate investment.</span></p>
<p><span style="font-size: medium;">&#8220;Realtors® know that homeownership is an investment in our collective futures, and we&#8217;re here today to protect the American Dream of homeownership,&#8221; said National Association of Realtors® President <a href="http://www.realtor.org/bios/moe-veissi" target="_blank">Moe Veissi</a>, broker-owner of Veissi &amp; Associates Inc., in Miami. &#8220;Homeownership and investment in real estate impacts families, communities, small businesses and the nation&#8217;s economy in a very meaningful way. Today, we&#8217;re proud to be showing the country that homeownership matters.&#8221;</span></p>
<p><span style="font-size: medium;">In the current economic and political climate, Realtors® are working to ensure that people who want to own a home or invest in real estate and can responsibly afford to do so will continue to have the opportunity to do that. Toward that end, Realtors® are advocating better access to affordable financing, reform of the secondary mortgage market, improved liquidity in residential and commercial lending, and preservation of the tax benefits associated with homeownership.</span></p>
<p><strong><span style="font-size: medium;">LAWMAKERS ADDRESS THE CROWD</span></strong></p>
<p><span style="font-size: medium;">Sen. Johnny Isakson (R-Ga.) and Rep. Steny Hoyer (D-Md.) addressed the crowd of Realtors® at the event.</span></p>
<p><span style="font-size: medium;">&#8220;I commend the National Association of Realtors® for keeping the issue of homeownership at the forefront when we talk about our economic recovery,&#8221; said Rep. Hoyer. &#8220;Stabilizing the housing market remains a central issue for Democrats, who understand we will not have robust economic growth without a vibrant housing market and that access to homeownership remains a critical component of the American Dream.&#8221;</span></p>
<p><span style="font-size: medium;">Sen. Isakson said, &#8220;Homeownership always has been, and remains to this day, a part of the American dream. It is the biggest and most important investment that the average American family makes, and that&#8217;s why we should remain focused on the value of the housing market and the important role it plays in our country. It is my hope that this rally encourages Congress and the president to move forward with policies that are supportive of housing, which is vital to job creation and the recovery of our economy.&#8221;</span></p>
<p><span style="font-size: medium;">The rally was part of NAR&#8217;s week-long <a href="http://www.realtor.org/midyear.nsf/" target="_blank">Midyear Legislative Meetings</a>, during which Realtors® and guests meet with members of Congress, federal regulators and industry experts to address pressing real estate issues and public policies in support of private property rights, homeownership and housing issues.</span></p>
<p><span style="font-size: medium;">Photos and videos from the rally are available at <em><a href="http://www.realtorrally.org/" target="_blank">www.realtorrally.org</a></em>.</span></p>
<p><span style="font-size: medium;">The National Association of Realtors®, &#8220;The Voice for Real Estate,&#8221; is America&#8217;s largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.</span></p>
<p><span style="font-size: medium;"><strong>About The Staten Island Board of REALTORS® (SIBOR) </strong></span></p>
<p><span style="font-size: medium;">The <a href="http://www.siborealtors.com/" target="_blank">Staten Island Board of REALTORS® (SIBOR)</a> is the largest not-for-profit trade association in Staten Island, N.Y.</span></p>
<p><span style="font-size: medium;">SIBOR exists to enhance the ability and opportunity of its members to conduct their business successfully and ethically; and to promote the preservation of the public’s right to own, transfer and use real property.</span></p>
<p><span style="font-size: medium;">Comprised of over 1,600 members, SIBOR serves real estate agents, brokers and affiliated professionals throughout the borough and surrounding areas.</span></p>
<p><span style="font-size: medium;">SIBOR is the provider of the Staten Island Multiple Listing Service Inc. (SIMLS), which works as a clearinghouse through which more than 250 local real estate firms exchange information on properties they have listed for sale. Together, its members participate in over 3,000 real estate transactions every year.</span></p>
<p><span style="font-size: medium;">All SIBOR members belong to the New York State Association of REALTORS® (NYSAR) and the National Association of REALTORS® (NAR).</span></p>
<p><span style="font-size: medium;">SIBOR may be reached at 718-928-3220 and visited online at<a href="http://www.relevantpr.com" target="_blank"> http://siborrealtors.com</a>.</span></p>
<p><span style="font-size: medium;"><strong>SIBOR Media Inquiries:</strong></span></p>
<p><span style="font-size: medium;"><a href="http://www.relevantpr.com/" target="_blank"><strong>Relevant Public Relations, LLC</strong></a></span></p>
<p><span style="font-size: medium;"><strong>Headquarters: 718‑682‑1509</strong></span></p>
<p><span style="font-size: medium;"><strong>Mobile: 917‑715‑8761</strong></span></p>
<p><span style="font-size: medium;"><strong>Email: </strong><a href="mailto:info@RelevantPR.com"><strong>info@RelevantPR.com</strong></a></span></p>
<p>&nbsp;</p>
</div>
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		<title>Staten Island Board of Realtors (SIBOR): Look Behind The Headlines When It Comes To Home Prices</title>
		<link>http://siborrealtors.com/2012/05/15/staten-island-board-of-realtors-sibo-look-behind-the-headlines-when-it-comes-to-home-prices/</link>
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		<pubDate>Tue, 15 May 2012 20:15:12 +0000</pubDate>
		<dc:creator>BartH</dc:creator>
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		<guid isPermaLink="false">http://siborrealtors.com/?p=4894</guid>
		<description><![CDATA[STATEN ISLAND, N.Y. &#8212; SIBOR agrees with the following article, which states: &#8220;We believe the housing market is recovering. We believe that sales will be robust through the rest of the year.&#8221; Like the writers of the article, we are keeping a close eye on prices. Take a look and let us know your thoughts by ...]]></description>
			<content:encoded><![CDATA[<p>STATEN ISLAND, N.Y. &#8212; SIBOR agrees with the following article, which states: &#8220;We believe the housing market is recovering. We believe that sales will be robust through the rest of the year.&#8221;</p>
<p>Like the writers of the article, we are keeping a close eye on prices. Take a look and let us know your thoughts by commenting on our Facebook page: <a href="https://www.facebook.com/pages/Staten-Island-Living/129648623752238" target="_blank">Staten Island Living</a>.</p>
<p><span style="font-size: large;"><strong>Sales Are Up. Prices Still Have a Way To Go.</strong></span></p>
<p><strong>By THE KCM CREW </strong></p>
<div>
<p><img class="alignright" title="news" src="http://www.kcmblog.com/wp-content/uploads/2011/04/bigstockphoto_News_3065135-1024x768.jpg" alt="" width="368" height="277" /><span style="font-size: medium;">We believe the housing market is recovering. We believe that sales will be robust through the rest of the year. However, we also believe that the increase in demand will not impact prices in a big way as we think there will also be an increase in the supply of homes coming to the market. This increase in supply will offset the increase in demand. The increase in supply will be fueled by two categories of inventory:</span></p>
</div>
<div>
<ol>
<li><span style="font-size: medium;">Foreclosures entering the market as a result of the National Mortgage Settlement</span></li>
<li><span style="font-size: medium;">Pent up supply of homeowners who have been unable to sell their homes over the last several years</span></li>
</ol>
<p><span style="font-size: medium;">There have been several recent headlines making strong statements about home values in the country. We must be sure to read the ENTIRE report – <em>not just the headlines</em>. Here are four headlines and the portion of the report that reflects the caution in their ‘cautious optimism’.</span></p>
<h3><span style="font-size: medium;"><strong>HEADLINE:</strong></span></h3>
<p><span style="font-size: medium;"><strong><a href="http://www.lpsvcs.com/LPSCorporateInformation/NewsRoom/Pages/20120508.aspx" target="_blank">LPS Home Price Index Shows U.S. Home Price Increase of 0.2 Percent in February; Early Data Suggests Further Increase of 0.3 Percent is Likely During March</a></strong></span></p>
<h3><span style="font-size: medium;"><strong>CAUTION:</strong></span></h3>
<p><span style="font-size: medium;"><em>“Reasons for caution are clear, as we’ve been here before. Non-seasonally adjusted prices increased for a few months in early 2009, 2010 and 2011 – trends that all ended by summer, after which all the gains – and then some – were lost. As is true this month, those temporary increases were on low sales volumes – about 30 percent lower than at any point since 1998. Furthermore, the inventory of distressed homes remains high, which will continue to put a drag on prices.”</em></span></p>
<h3><span style="font-size: medium;"><strong>HEADLINE:</strong></span></h3>
<p><span style="font-size: medium;"><strong><a href="http://www.housingwire.com/news/markets-struck-foreclosure-show-signs-turnaround" target="_blank">Foreclosure hotspots show signs of housing turnaround</a></strong></span></p>
<h3><span style="font-size: medium;"><strong>CAUTION:</strong></span></h3>
<p><span style="font-size: medium;"><em>“However, much will depend on the continued health of our economy, specifically job rates, and how lenders will release their foreclosure inventories now that the 49 state AG Agreement has been signed.”</em></span></p>
<p><span style="font-size: medium;"><em> </em></span><span style="font-size: medium;"><em> </em><strong>HEADLINE:</strong></span></p>
<p><span style="font-size: medium;"><strong><a href="http://www.dsnews.com/articles/fiserv-expects-home-prices-to-stabilize-this-year-then-rise-slowly-2012-05-09" target="_blank">Fiserv Expects Home Prices to Stabilize</a></strong></span></p>
<h3><span style="font-size: medium;"><strong>CAUTION:</strong></span></h3>
<p><span style="font-size: medium;"><em>“On the other hand, nearly one-half of the metro areas, or 191, saw prices decrease</em><em>by more</em><em> than 2 percent, including double-digit losses in Atlanta (-12.8 percent), Reno, Nevada (-10.8 percent), and Tucson, Arizona (-10 percent).</em></span></p>
<p><span style="font-size: medium;"><em>In the fourth quarter of 2011, the average price of a U.S. single-family home fell four percent from the year-ago period, and Fiserv Case-Shiller projects a further decline of 0.8 percent by the end of 2012.”</em></span></p>
<h3><span style="font-size: medium;"><strong>HEADLINE:</strong></span></h3>
<p><span style="font-size: medium;"><strong><a href="http://www.dsnews.com/articles/home-prices-show-monthly-gain-but-yearly-loss-corelogic-2012-05-08" target="_blank">Home Prices in March Show Monthly Gain: CoreLogic</a></strong></span></p>
<h3><span style="font-size: medium;"><strong>CAUTION:</strong></span></h3>
<p><span style="font-size: medium;"><em>“Even with price gains above 5 percent for leading states and CBSAs, Capital Economics said in response to the CoreLogic report that over the year, prices are more likely to stabilize rather than make a dramatic climb.</em></span></p>
<p><span style="font-size: medium;"><em>“There are fears in some quarters, triggered by recent disappointing GDP and payrolls data, of a sharp slowdown in economic growth which could derail the fledgling improvement in the housing market,” said Paul Diggle, property economist for Capital Economics.”</em></span></p>
</div>
<p style="text-align: right;"><em><span style="font-size: medium;"><strong>&#8211; Reposted with permission of Keeping Current Matters</strong></span></em></p>
<p><strong>About The Staten Island Board of REALTORS® (SIBOR) </strong></p>
<p>The <a href="http://www.siborealtors.com/" target="_blank">Staten Island Board of REALTORS® (SIBOR)</a> is the largest not-for-profit trade association in Staten Island, N.Y.</p>
<p>SIBOR exists to enhance the ability and opportunity of its members to conduct their business successfully and ethically; and to promote the preservation of the public’s right to own, transfer and use real property.</p>
<p>Comprised of over 1,600 members, SIBOR serves real estate agents, brokers and affiliated professionals throughout the borough and surrounding areas.</p>
<p>SIBOR is the provider of the Staten Island Multiple Listing Service Inc. (SIMLS), which works as a clearinghouse through which more than 250 local real estate firms exchange information on properties they have listed for sale. Together, its members participate in over 3,000 real estate transactions every year.</p>
<p>All SIBOR members belong to the New York State Association of REALTORS® (NYSAR) and the National Association of REALTORS® (NAR).</p>
<p>SIBOR may be reached at 718-928-3220 and visited online at <a href="http://siborrealtors.com/" target="_blank">http://siborrealtors.com</a>.</p>
<p><strong>Media Inquiries:</strong></p>
<p><a href="http://www.relevantpr.com/" target="_blank"><strong>Relevant Public Relations, LLC</strong></a></p>
<p><strong>Headquarters: 718‑682‑1509</strong></p>
<p><strong>Mobile: 917‑715‑8761</strong></p>
<p><strong>Email: </strong><a href="mailto:info@RelevantPR.com"><strong>info@RelevantPR.com</strong></a></p>
<p style="text-align: left;"><em><span style="font-size: medium;"><strong><br />
</strong></span></em></p>
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		<title>Island Realtors Donate Dollars For Kids’ Cancer Fund</title>
		<link>http://siborrealtors.com/2012/05/14/island-realtors-donate-dollars-for-kids%e2%80%99-cancer-fund/</link>
		<comments>http://siborrealtors.com/2012/05/14/island-realtors-donate-dollars-for-kids%e2%80%99-cancer-fund/#comments</comments>
		<pubDate>Mon, 14 May 2012 20:43:58 +0000</pubDate>
		<dc:creator>BartH</dc:creator>
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		<guid isPermaLink="false">http://siborrealtors.com/?p=4882</guid>
		<description><![CDATA[STATEN ISLAND, N.Y. – SIBOR’s sixth annual International Real Estate Conference was a busy event, but it didn’t stop Staten Island Realtors from taking time to raise dollars on behalf of those in need. “We are proud to have donated $500 in proceeds from the conference for the Hope and Heroes Children’s Cancer Fund,” said ...]]></description>
			<content:encoded><![CDATA[<p><span style="font-size: medium;">STATEN ISLAND, N.Y. – SIBOR’s sixth annual International Real Estate Conference was a busy event, but it didn’t stop Staten Island Realtors from taking time to raise dollars on behalf of those in need.<img class="alignleft size-large wp-image-4886" title="GOLF1" src="http://siborrealtors.com/wp-content/uploads/2012/05/GOLF1-724x1024.jpg" alt="" width="434" height="614" /></span></p>
<p><span style="font-size: medium;">“We are proud to have donated $500 in proceeds from the conference for the<a href="http://www.hopeandheroes.org/" target="_blank"> Hope and Heroes Children’s Cancer Fund</a>,” said Sari Kingsley, chairwoman of the event that took place on April 20 in the Vanderbilt at South Beach.</span></p>
<p><span style="font-size: medium;">“The success of the conference could not have happened without the generous contribution of the sponsors,” Ms. Kingsley said.</span></p>
<p><span style="font-size: medium;">The major sponsors of this year’s International Real Estate Conference were Empire State Bank (diamond level) and Café Gourmand (garnet level).</span></p>
<p><span style="font-size: medium;">Additional sponsors included: Cornerstone Realty Partners, Relevant Public Relations; Agatha Josefiak Real Estate; Claire Properties;  Your Professional Development.com; attorney Christopher J. Arrigali; Compass Realty Central; Wonica Realtors &amp; Appraisers; Tristar Mortgage  Corp.; United Mortgage Corp.; United National Realty; Century 21/Papp Realty, and Wells Fargo Home Mortgage.</span></p>
<p><span style="font-size: medium;"><strong>GIFT CONTRIBUTERS</strong></span></p>
<p><span style="font-size: medium;">Gift contributors to this year’s conference included: Coby Electronics; Staten Island Advance/SiLive; Bella Grossman, Realtor; Carlo Hair Salon; Michael Dukhovny, Realtor; The Pink Elephant Restaurant; Charm Skin Care;  Café Gourmand; Brioso Ristorante; Angelinas Ristorante; Christopher Michael Hair &amp; Beauty Salon; Domenick’s Bakery, and Sari Kingsley, Realtor.</span></p>
<p>&nbsp;</p>
<p><span style="font-size: medium;"><strong>About The Staten Island Board of REALTORS® (SIBOR)</strong></span></p>
<p><span style="font-size: medium;">The <a href="http://www.siborealtors.com/" target="_blank">Staten Island Board of REALTORS® (SIBOR)</a> is the largest not-for-profit trade association in Staten Island, N.Y.</span></p>
<p><span style="font-size: medium;">SIBOR exists to enhance the ability and opportunity of its members to conduct their business successfully and ethically; and to promote the preservation of the public’s right to own, transfer and use real property.</span></p>
<p><span style="font-size: medium;">Comprised of over 1,600 members, SIBOR serves real estate agents, brokers and affiliated professionals throughout the borough and surrounding areas.</span></p>
<p><span style="font-size: medium;">SIBOR is the provider of the Staten Island Multiple Listing Service Inc. (SIMLS), which works as a clearinghouse through which more than 250 local real estate firms exchange information on properties they have listed for sale. Together, its members participate in over 3,000 real estate transactions every year.</span></p>
<p><span style="font-size: medium;">All SIBOR members belong to the New York State Association of REALTORS® (NYSAR) and the National Association of REALTORS® (NAR).</span></p>
<p><span style="font-size: medium;">SIBOR may be reached at 718-928-3220 and visited online at <a href="http://siborrealtors.com/" target="_blank">http://siborrealtors.com</a>.</span></p>
<p>&nbsp;</p>
<p><strong>Media Contact: Barton Horowitz</strong></p>
<p><strong><a href="http://www.relevantpr.com" target="_blank">Relevant Public Relations, LLC</a></strong></p>
<p><strong>Headquarters: 718‑682‑1509</strong></p>
<p><strong>Mobile: 917‑715‑8761</strong></p>
<p><strong>Email: </strong><a href="mailto:Bhorowitz@RelevantPR.com"><strong>Bhorowitz@RelevantPR.com</strong></a></p>
<p><strong><br />
</strong></p>
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		<title>SIBOR Members Gear Up For Next Week’s Rally to Protect the American Dream</title>
		<link>http://siborrealtors.com/2012/05/11/sibor-members-gear-up-for-next-week%e2%80%99s-rally-to-protect-the-american-dream/</link>
		<comments>http://siborrealtors.com/2012/05/11/sibor-members-gear-up-for-next-week%e2%80%99s-rally-to-protect-the-american-dream/#comments</comments>
		<pubDate>Fri, 11 May 2012 19:11:21 +0000</pubDate>
		<dc:creator>BartH</dc:creator>
				<category><![CDATA[BUSINESS]]></category>
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		<category><![CDATA[Washington Monument]]></category>

		<guid isPermaLink="false">http://siborrealtors.com/?p=4858</guid>
		<description><![CDATA[In addition to large turnout at Washington Monument, members can share their support for the Rally online beginning May 16th at realtorrally.org. STATEN ISLAND. N.Y.  &#8212; The Rally to Protect the American Dream is just a week away, and the Staten Island Board of Realtors (SIBOR) wishes to share its enthusiasm with our members. This ...]]></description>
			<content:encoded><![CDATA[<p style="text-align: center;"><span style="font-size: x-large; color: #ff0000;"><strong><em>In addition to large turnout at Washington Monument, </em></strong></span><strong style="font-size: x-large;"><em><span style="color: #ff0000;">members can share their support for the Rally online beginning May 16th at</span><a href="http://realtorrally.org" target="_blank"> realtorrally.org</a>.</em></strong></p>
<p style="text-align: left;"><span style="font-size: medium;">STATEN ISLAND. N.Y.  &#8212; The Rally to Protect the American Dream is just a week away, and the Staten Island Board of Realtors (SIBOR) wishes to share its enthusiasm with our members.</span></p>
<p style="text-align: left;"><span style="font-size: medium;"><img class="alignleft size-full wp-image-4862" title="washington" src="http://siborrealtors.com/wp-content/uploads/2012/05/washington.jpg" alt="" width="190" height="199" />This time next week REALTORS from across the nation will be standing shoulder-to-shoulder united in the belief that home ownership is worth fighting for.</span></p>
<p style="text-align: left;"><span style="font-size: medium;">Your response has been tremendous. We are expecting a huge crowd and everyone is pumped up!</span></p>
<p style="text-align: left;"><span style="font-size: medium;">If you have questions and/or concerns now is the time. Drop an email to <a href="mailto:rally@realtors.org" target="_blank">rally@realtors.org</a>.</span></p>
<p style="text-align: left;"><span style="font-size: medium;">The following information should help you make the most of this historic occasion:</span></p>
<p style="text-align: left;"><span style="font-size: medium;"><strong>WEATHER FORECAST</strong></span></p>
<p style="text-align: left;"><span style="font-size: medium;">It changes everyday. It is May and rain is always a possibility. It can also be warm and sunny. So plan appropriately. Every member will be provided with a clear rain poncho in the event of rain. The Rally will proceed rain or shine.</span></p>
<p style="text-align: left;"><span style="font-size: medium;">If the weather is treacherous and has to be moved indoors it will occur at the Marriott. We see no weather event on the horizon that makes us think that this will happen. <a href="http://www2.realtoractioncenter.com/site/R?i=4r5zalGypy92QZHEV0nEoA" target="_blank">Weather Report can be checked here.</a></span></p>
<p style="text-align: left;"><span style="font-size: medium;"><strong>T-SHIRTS AND MORE</strong></span></p>
<p style="text-align: left;"><span style="font-size: medium;">Starting Tuesday the Rally Information Desk will be open at the Marriott Wardman Park. It is located right outside the main ballroom and you can&#8217;t miss it. You need stop by this desk and pick up your Rally backpack.</span></p>
<p style="text-align: left;"><span style="font-size: medium;">Your members need to do this too. The backpack will include a blue Rally t-shirt, a seat cushion, energy bar, bottle of water, and other goodies. You need to be wearing that t-shirt and carrying your backpack when you board the bus to the Rally.</span></p>
<p style="text-align: left;"><span style="font-size: medium;"><strong>BUSES TO THE RALLY</strong></span></p>
<p style="text-align: left;"><span style="font-size: medium;">Buses will pick members up at participating NAR Midyear hotels from 6:30 to 9:30 a.m.</span></p>
<p style="text-align: left;"><span style="font-size: medium;">Check for bus pick-up locations at the Rally Information Desk or on signage at your hotel. Get on one. There will be staff at your hotel to assist. We need everyone at the Rally and in position no later than 10 a.m.</span></p>
<p style="text-align: left;"><span style="font-size: medium;">There will be music and fun during the pre-Rally emceed by Tom Salomone.</span></p>
<p style="text-align: left;"><span style="font-size: medium;"><strong>RALLY LOGISTICS</strong></span></p>
<p style="text-align: left;"><span style="font-size: medium;">Each Regional Vice President will draw a number from a hat to determine your state&#8217;s position in the Park. These locations will be announced at 59 1/2 Minutes. On Wednesday we will have fliers and maps that note your Region&#8217;s designated area at the Rally.</span></p>
<p style="text-align: left;"><span style="font-size: medium;">When you get to the Park you should head to that area. NAR staff will be prominent in red t-shirts to help you navigate where to go. Association leadership should plan on arriving early at the Rally to stake your claim.</span></p>
<p style="text-align: left;"><span style="font-size: medium;">We hear that you all plan to bring your state flags. So flag bearers should be there before members start streaming in.</span></p>
<p style="text-align: left;"><span style="font-size: medium;"><strong>FOOD TENTS</strong></span></p>
<p style="text-align: left;"><span style="font-size: medium;">Upon arrival there are food tents where you can pickup a breakfast box. It will have juice but not coffee. <em>Get caffeinated before you come</em>. The nearest Starbucks is a few blocks away. If your members are arriving via a bus as a daytripper, they will collect their backpacks in these tents as well.</span></p>
<p style="text-align: left;"><span style="font-size: medium;"><strong>WONDERUL PROGRAM</strong></span></p>
<p style="text-align: left;"><span style="font-size: medium;">We have a great program. Sen Isakson (R-GA) and Rep. Hoyer (D-MD) will be our political speakers. We have a great group of REALTORS® speaking about the benefits of home ownership. And we have a big cool surprise at the end so stick around for that. You will get a lunch box after the Rally so head to the food tent to get one before you get back on the bus. If you have members that require special seating or assistance please email <a href="mailto:rally@realtors.org" target="_blank">rally@realtors.org</a> so that we can contact them about their needs.</span></p>
<p style="text-align: left;"><span style="font-size: medium;"><strong>BUSES TO THE TRADE EXPO AFTER THE RALLY</strong></span></p>
<p style="text-align: left;"><span style="font-size: medium;">After the Rally get back on a bus and head to the Trade Expo at the Marriott Wardman Park. This will be a great Trade Expo with lots of cool features, food and fun. Be sure to stop by and drop off your &#8220;Key to Home Ownership&#8221; from your Rally backpack at the REALTOR® Party booth.</span></p>
<p style="text-align: left;"><span style="font-size: medium;"><strong>VIRTUAL RALLY</strong></span></p>
<p style="text-align: left;"><span style="font-size: medium;">In addition to the sea of blue rallying in the park, Moe Veissi, President of the National Association of Realtors, has set a challenge to have 100,000 members take part from home. Starting on May 16th, members can share their support for the Rally online at <a href="http://www2.realtoractioncenter.com/site/R?i=GaIhyDpp9pqepq1Yrw4PeA" target="_blank">realtorrally.org</a>. </span></p>
<p style="text-align: left;"><span style="font-size: medium;">Rally On REALTOR® Party!<strong> About The Staten Island Board of REALTORS® (SIBOR) </strong></span></p>
<p style="text-align: left;"><span style="font-size: medium;">The <a href="http://www.siborealtors.com/" target="_blank">Staten Island Board of REALTORS® (SIBOR)</a> is the largest not-for-profit trade association in Staten Island, N.Y.</span></p>
<p style="text-align: left;"><span style="font-size: medium;">SIBOR exists to enhance the ability and opportunity of its members to conduct their business successfully and ethically; and to promote the preservation of the public’s right to own, transfer and use real property.</span></p>
<p style="text-align: left;"><span style="font-size: medium;">Comprised of over 1,600 members, SIBOR serves real estate agents, brokers and affiliated professionals throughout the borough and surrounding areas.</span></p>
<p style="text-align: left;"><span style="font-size: medium;">SIBOR is the provider of the Staten Island Multiple Listing Service Inc. (SIMLS), which works as a clearinghouse through which more than 250 local real estate firms exchange information on properties they have listed for sale. Together, its members participate in over 3,000 real estate transactions every year.</span></p>
<p style="text-align: left;"><span style="font-size: medium;">All SIBOR members belong to the New York State Association of REALTORS® (NYSAR) and the National Association of REALTORS® (NAR).</span></p>
<p style="text-align: left;"><span style="font-size: medium;">SIBOR may be reached at 718-928-3220 and visited online at <a href="http://siborrealtors.com/" target="_blank">http://siborrealtors.com</a>.</span></p>
<p style="text-align: left;"><span style="font-size: medium;"><strong>Media Inquiries:</strong></span></p>
<p style="text-align: left;"><span style="font-size: medium;"><a href="http://www.relevantpr.com/" target="_blank"><strong>Relevant Public Relations, LLC</strong></a></span></p>
<p style="text-align: left;"><span style="font-size: medium;"><strong>Headquarters: 718‑682‑1509</strong></span></p>
<p style="text-align: left;"><span style="font-size: medium;"><strong>Mobile: 917‑715‑8761</strong></span></p>
<p style="text-align: left;"><span style="font-size: medium;"><strong>Email: </strong><a href="mailto:info@RelevantPR.com"><strong>info@RelevantPR.com</strong></a></span></p>
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		<title>Tucked away Staten Island East Shore neighborhood is eyed for historic preservation status</title>
		<link>http://siborrealtors.com/2012/05/10/tucked-away-staten-island-east-shore-neighborhood-is-eyed-for-historic-preservation-status/</link>
		<comments>http://siborrealtors.com/2012/05/10/tucked-away-staten-island-east-shore-neighborhood-is-eyed-for-historic-preservation-status/#comments</comments>
		<pubDate>Thu, 10 May 2012 17:58:19 +0000</pubDate>
		<dc:creator>BartH</dc:creator>
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		<guid isPermaLink="false">http://siborrealtors.com/?p=4850</guid>
		<description><![CDATA[STATEN ISLAND, N.Y. &#8212; STAPLETON &#8212; The architecturally diverse hideaway that includes one-block-long Harrison Street — and sections of Quinn, Brownell and Tompkins streets — may be on its way to designation as a Historic District by the city Landmarks Preservation Commission (LPC). The agency describes the tiny area, also known as &#8220;The Nook,&#8221; as &#8220;a rare ...]]></description>
			<content:encoded><![CDATA[<p><span style="font-size: medium;">STATEN ISLAND, N.Y. &#8212; STAPLETON &#8212; The architecturally diverse hideaway that includes one-block-long Harrison Street — and sections of Quinn, Brownell and Tompkins streets — may be on its way to designation as a Historic District by the city Landmarks Preservation Commission (LPC).<img class="alignright size-full wp-image-4854" title="neighborhood" src="http://siborrealtors.com/wp-content/uploads/2012/05/neighborhood.jpg" alt="" width="241" height="188" /></span></p>
<p><span style="font-size: medium;">The agency describes the tiny area, also known as &#8220;The Nook,&#8221; as &#8220;a rare surviving mid-to-late-19th-century residential village enclave in New York City.&#8221;</span></p>
<p><span style="font-size: medium;"> The frame and masonry buildings, most of them constructed from the 1840s through the early 1900s, provide &#8220;a significant reminder of the period when Stapleton was an important business center and transportation hub, and one of the most populous villages on Staten Island,&#8221; LPC notes.</span></p>
<p><span style="font-size: medium;"><a href="http://www.silive.com/eastshore/index.ssf/2012/05/tucked_away_staten_island_east.html" target="_blank"></a><em><strong><a href="http://www.silive.com/eastshore/index.ssf/2012/05/tucked_away_staten_island_east.html" target="_blank">READ MORE &#8230; </a></strong></em></span></p>
<p><strong>About The Staten Island Board of REALTORS® (SIBOR)</strong></p>
<p>The <a href="http://www.siborealtors.com/" target="_blank">Staten Island Board of REALTORS® (SIBOR)</a> is the largest not-for-profit trade association in Staten Island, N.Y.</p>
<p>SIBOR exists to enhance the ability and opportunity of its members to conduct their business successfully and ethically; and to promote the preservation of the public’s right to own, transfer and use real property.</p>
<p>Comprised of over 1,600 members, SIBOR serves real estate agents, brokers and affiliated professionals throughout the borough and surrounding areas.</p>
<p>SIBOR is the provider of the Staten Island Multiple Listing Service Inc. (SIMLS), which works as a clearinghouse through which more than 250 local real estate firms exchange information on properties they have listed for sale. Together, its members participate in over 3,000 real estate transactions every year.</p>
<p>All SIBOR members belong to the New York State Association of REALTORS® (NYSAR) and the National Association of REALTORS® (NAR).</p>
<p>SIBOR may be reached at 718-928-3220 and visited online at <a href="http://siborrealtors.com/" target="_blank">http://siborrealtors.com</a>.</p>
<p><strong>Media Inquiries:</strong></p>
<p><a href="http://www.relevantpr.com/" target="_blank"><strong>Relevant Public Relations, LLC</strong></a></p>
<p><strong>Headquarters: 718‑682‑1509</strong></p>
<p><strong>Mobile: 917‑715‑8761</strong></p>
<p><strong>Email: </strong><a href="mailto:info@RelevantPR.com"><strong>info@RelevantPR.com</strong></a></p>
]]></content:encoded>
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		<title>Staten Island Board of Realtors (SIBOR): Short Sale vs Foreclosure – 10 Common Myths Busted</title>
		<link>http://siborrealtors.com/2012/05/09/staten-island-board-of-realtors-sibor-short-sale-vs-foreclosure-%e2%80%93-10-common-myths-busted/</link>
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		<pubDate>Wed, 09 May 2012 20:56:50 +0000</pubDate>
		<dc:creator>BartH</dc:creator>
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		<guid isPermaLink="false">http://siborrealtors.com/?p=4841</guid>
		<description><![CDATA[It’s likely you’ve heard the term “short sale” thrown around quite a bit. But what, exactly, is a short sale? A short sale is when a bank agrees to accept less than the total amount owed on a mortgage to avoid having to foreclose on the property. This is not a new practice; banks have ...]]></description>
			<content:encoded><![CDATA[<p><span style="font-size: medium;"><strong>It’s likely you’ve heard the term “short sale” thrown around quite a bit. But what, exactly, is a short sale?<img class="alignright" src="http://www.kcmblog.com/wp-content/uploads/2012/05/housing-questions.jpg" alt="" width="333" height="333" /></strong></span></p>
<p><span style="font-size: medium;">A short sale is when a bank agrees to accept less than the total amount owed on a mortgage to avoid having to foreclose on the property. This is not a new practice; banks have been doing short sales for years. Only recently, due to the current state of the housing market and economy, has this process become a part of the public consciousness.</span></p>
<p><span style="font-size: medium;"><strong>To be eligible for a short sale you first have to qualify!</strong></span></p>
<p><span style="font-size: medium;">To qualify for a short sale:</span></p>
<ul>
<li><span style="font-size: medium;">Your house must be worth less than you owe on it.</span></li>
<li><span style="font-size: medium;">You must be able to prove that you are the victim of a true financial hardship, such as a decrease in wages, job loss, or medical condition that has altered your ability to make the same income as when the loan was originated. Divorce, estate situations, etc… also qualify.</span></li>
</ul>
<p><span style="font-size: medium;">Now that you have a basic understanding of what a short sale is, there are some huge misconceptions when it comes to a short sale vs. a foreclosure. We take the most common myths surrounding both short sales and foreclosures and give a brief explanation. LET’S BUST SOME MYTHS!!</span></p>
<p><span style="font-size: medium;"><strong>1.) If you let your home go to foreclosure you are done with the situation and you can walk away with a clean slate</strong>.  The reality is that this couldn’t be any farther from the truth in most situations. You could end up with an IRS tax liability and still owing the bank money. Let me explain. Please keep in mind that if your property does go into foreclosure you may be liable for the difference of what is owed on the property versus what is sells for at auction, in the form of a deficiency balance! Please note this is state specific and in most states you will be liable for the shortfall, but in some states the bank may not always be able to pursue the debt. Check your state law as it varies widely from state to state.</span></p>
<p><span style="font-size: medium;">Here is an example of how a deficiency balance works</span></p>
<p><span style="font-size: medium;">If you owe $200,000 on the property and it sells at auction for $150,000, you could be liable for the $50,000 difference if your state law allows it.</span></p>
<p><span style="font-size: medium;">Not only could you be liable for the difference to the bank, but in some situations you could also be liable to the IRS! Although there are exemptions (mostly for principle residences) under the Mortgage Debt Forgiveness Act, there are times when you could be taxed on both a short sale and a foreclosure, even in a principle residence situation. Since the tax code on this is a little complicated and I am not a CPA, I advise always talking to a CPA when in this situation as you are weighing your options. Hard to believe?  Well, believe it or not, the IRS counts the difference between the sale and the charged off debt as a “gain” on your taxes. That’s right-you lost money and it’s counted as a gain! (I didn’t make that rule, that’s a wonderful brainchild of the IRS). Banks and the IRS can go as far as attaching your wages. Not to mention if you let your home go to foreclosure you will have that on your credit, as well.</span></p>
<p><span style="font-size: medium;"><em>Guess What?  A short sale can alleviate your liability to the bank, in most situations. There are also exceptions to this, but in most cases banks are releasing homeowners from the deficiency balance on a short sale.</em></span></p>
<p><span style="font-size: medium;"><strong>2.) There are no options to avoid foreclosure. </strong>Now more than ever, there are options to avoid foreclosure. Besides a short sale, loan modifications along with deed in lieu are also examples of the many options. In most cases (but not all) a short sale is the best option. Either way, there are more options today than there have ever been to avoid foreclosure.</span></p>
<p><span style="font-size: medium;"><strong>3.) Banks do not want to participate in a short sale, or, it is too hard to qualify for a short sale. </strong>Banks would rather perform a short sale than a foreclosure any day. A foreclosure takes a long time and creates a huge expense for the banks; a short sale saves both time and money. Banks have more foreclosure inventory than ever before, and certainly do not want any more. Banks more than ever welcome short sales. Qualifying for a short sale is easier than you think, you need to have a true financial hardship, or a change in your finances and your house has to be worth less than what you owe on it. Not only do consumers, but banks also now have government incentive to participate in short sales.<strong> </strong></span></p>
<p><span style="font-size: medium;"><strong>4.) Short sales are not that common. </strong>At this present time, short sales range from 10-50 % of sales in various markets and it is predicted that in 2012 we will have more short sales than any other year, to date. Due to economic changes in the last few years, this is something that is affecting millions of Americans. Short sales are in every market, and are not just limited to any particular income class. This has affected everyone from all facets of life. A short sale should be looked at as a helpful tool, not a negative stigma.<strong> </strong>That is why the government is offering programs that actually pay consumers to participate in short sales. It is not just affecting one community; it is affecting communities and consumers across the nation.</span></p>
<p><span style="font-size: medium;"><strong>5.) The short sale process is too difficult and they often get denied. </strong>Though the short sale process is time consuming; it is not as difficult as the media would have you believe. The problem is that most short sales are denied because of a misunderstanding of the process.  It is true that if the short sale process is not followed correctly there is a good chance of getting denied. An experienced agent knows how to avoid this. Short sales require a lot of experience, and a special skill set. If you are looking to go the option of a short sale make sure your agent is skilled and experienced in this area.</span></p>
<p><span style="font-size: medium;"><strong>6.) Short sales will cost me money out of pocket. </strong> A short sale should not cost you any out of pocket money. In fact, you could get between $3000-up to $30,000 to participate in a short sale. In many ways, a short sale may put you in a better financial position than prior to the short sale. Almost every short sale program now has some type of financial incentive for the home owner, as long as it is a principle residence, and we are even seeing relocation money being paid on some investment/second homes. As a seller of a property you should never have to pay for any short sale cost upfront to any professional service. Realtors charge a commission that is paid for by the bank. In most communities there are also non-profits and HUD counselors who can help you with foreclosure prevention options for free. The only potential cost you could incur is if the bank would not release you from a deficiency balance in the short sale, which is happening less and less now.<strong> </strong></span></p>
<p><span style="font-size: medium;"><strong>7.) If I am behind on my payments, I can perform a short sale any time. </strong>The farther you get behind on your payments, the harder it is to get a short sale approved. The closer a property gets to a foreclosure the harder it is to convince the bank to perform a short sale. As they get closer to a foreclosure sale more money is spent, thus deterring them from doing a short sale. If you think you need to perform a short sale, time is of the essence; the sooner you start the process, the better. Waiting too long can trigger the ramifications of a foreclosure, losing the ability to do a short sale as a viable option.<strong> </strong></span></p>
<p><span style="font-size: medium;"><strong>8.) I have already been sent a foreclosure notice so I can’t perform a short sale. </strong>For the most part just because you received a foreclosure notice or notice of default it does not mean that you do not have time to perform a short sale. The timeline and specifics do vary from state to state, but having done short sales all over the country, I have seen banks postpone a foreclosure to work a short sale option as close as 30 days prior to the scheduled foreclosure auction, but the longer you wait the less chance you have. If you have received a legal foreclosure notice, please reach out to a professional right away. The longer you wait, and the closer you get to foreclosure, the fewer options you have. If you have received a notice to foreclose this means the bank is filing paperwork and starting the process to take legal action to repossess the house. You still have time at this point to prevent foreclosure, but do not hesitate! The closer you get to the foreclosure date the harder it becomes to negotiate with the bank for whichever option you choose.</span></p>
<p><span style="font-size: medium;"><strong>9.) I was denied for a loan modification, so I know I will get denied for a short sale.</strong> Short sales and loan modifications are handled by two separate departments at the bank. These processes are totally different in approval and denial. If you got denied for a modification you can still apply for a short sale; in some cases you can get a short sale approved faster than a loan modification, as some loan modifications are denied because they cannot reduce the loan low enough based on the  consumers income.<strong> </strong></span></p>
<p><span style="font-size: medium;"><strong>10.) If I go through a short sale I cannot buy another house for a long time. </strong>The time to buy another house depends on your entire credit picture and can vary from 12-24 months. There are even a few FHA programs that allow for a purchase sooner than that. I have worked with clients who went through a short sale and bought another house in less than 12 months.</span></p>
<p><span style="font-size: medium;">These are just a few of the common myths surrounding short sales and foreclosure. With the options available today, no homeowner should ever have to go through foreclosure, and hopefully this information can help a few more homeowners think twice before walking away from their home not realizing the possible long term ramifications a foreclosure can have.</span></p>
<p style="text-align: right;"><em><strong><span style="font-size: medium;">&#8212;Reposted with permission of Keeping Current Matters</span></strong></em></p>
<p><strong>About The Staten Island Board of REALTORS® (SIBOR) </strong></p>
<p>The <a href="http://www.siborealtors.com/">Staten Island Board of REALTORS® (SIBOR)</a> is the largest not-for-profit trade association in Staten Island, N.Y.</p>
<p>SIBOR exists to enhance the ability and opportunity of its members to conduct their business successfully and ethically; and to promote the preservation of the public’s right to own, transfer and use real property.</p>
<p>Comprised of over 1,600 members, SIBOR serves real estate agents, brokers and affiliated professionals throughout the borough and surrounding areas.</p>
<p>SIBOR is the provider of the Staten Island Multiple Listing Service Inc. (SIMLS), which works as a clearinghouse through which more than 250 local real estate firms exchange information on properties they have listed for sale. Together, its members participate in over 3,000 real estate transactions every year.</p>
<p>All SIBOR members belong to the New York State Association of REALTORS® (NYSAR) and the National Association of REALTORS® (NAR).</p>
<p>SIBOR may be reached at 718-928-3220 and visited online at <a href="http://siborrealtors.com/">http://siborrealtors.com</a>.</p>
<p><strong>Media Inquiries:</strong></p>
<p><a href="http://www.relevantpr.com/" target="_blank"><strong>Relevant Public Relations, LLC</strong></a></p>
<p><strong>Headquarters: 718‑682‑1509</strong></p>
<p><strong>Mobile: 917‑715‑8761</strong></p>
<p><strong>Email: </strong><a href="mailto:info@RelevantPR.com"><strong>info@RelevantPR.com</strong></a></p>
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		<title>Staten Island Board of Realtors (SIBOR): Short Sales 101</title>
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		<pubDate>Tue, 08 May 2012 20:35:37 +0000</pubDate>
		<dc:creator>BartH</dc:creator>
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		<guid isPermaLink="false">http://siborrealtors.com/?p=4822</guid>
		<description><![CDATA[Are You a Buyer Looking to Purchase a Short Sale? By BRANDON BRITTINGHAM It seems that there is a significant amount of confusion when it comes to purchasing a short sale. There are many misconceptions when it comes to this type of transaction, so below I have provided some information to potential buyers of short sales. If ...]]></description>
			<content:encoded><![CDATA[<div>
<h1>Are You a Buyer Looking to Purchase a Short Sale?</h1>
<p>By BRANDON BRITTINGHAM</p>
</div>
<div><span style="font-size: large;">It seems that there is a significant amount of confusion when it comes to purchasing a short sale. There are many misconceptions when it comes to this type of transaction, so below I have provided some information to potential buyers of short sales. If you are looking to purchase a short sale, understand that it is not the same as a normal sale and the approach is very different.  There could be several parties involved and issues that are unknown to the buyer and buyer’s agent that can affect the transaction.  If you are looking to purchase a short sale here is some helpful information.</span>&nbsp;</p>
<ul id="sharebar">
<li><img class="alignright" title="Handing Over Cash For House Keys and Short Sale Real Estate Sign in Front of Home." src="http://www.kcmblog.com/wp-content/uploads/2012/05/iStock_000012810443XSmall1.jpg" alt="" width="340" height="226" /></li>
</ul>
<p><span style="font-size: medium;"><strong>1. On average, to get a short sale approval, it can take 60-90 days</strong>.</span><br />
<span style="font-size: medium;">There could be mortgage insurance and an end investor on the loan as well as the servicer, which means it has to go through three different processes. </span></p>
<p><span style="font-size: medium;">Bank of America could be the servicer on the loan but they do not actually own the loan, so, the short sale has to pass their guidelines, then go to the mortgage insurer if there is one, then to the end investor like Fannie Mae and Freddie Mac.</span></p>
<p><span style="font-size: medium;"> If you are a buyer and can’t wait at least 60-90 days for an approval and then another 30 days to go to closing, then you need to look at other houses. </span></p>
<p><span style="font-size: medium;">The worst thing you can do is tie up a house that is in a short sale with no intention of being patient while waiting for a short sale approval. </span></p>
<p><span style="font-size: medium;">Approvals can come sooner than 60 days, but industry standard is at least 60 days to get an approval or denial.</span></p>
<p><span style="font-size: medium;"><strong>2. There is a general assumption that you can purchase a short sale for 40-50% under its listed price.</strong> <strong> In a short sale the bank comes out and does a valuation of the property and will expect a slight discount, but will not accept a huge amount under the market value.</strong></span></p>
<p><span style="font-size: medium;">Hopefully, if the agent who is handling the sale is experienced, they will have already gotten an approved list price from the bank by the time you are interested in making an offer.<strong> </strong></span></p>
<p><span style="font-size: medium;"><strong> </strong>The bank will usually be willing to negotiate on that price, but will not, in almost every case, take 40-50% off of that price.</span></p>
<p><span style="font-size: medium;"><strong> </strong>To that point, you may be able to get a reasonable deal on a short sale, though it will not be, in most cases, as much of a deal as you may be able to get on an REO (foreclosed property).</span></p>
<p><span style="font-size: medium;"> Also to that point, most short sales will be in better condition than an REO. </span></p>
<p><span style="font-size: medium;">When you look at the potential repairs a comparable REO needs and the time and expense it can take to do those improvements vs. a short sale being sold at a slight market discount with improvements already made, the investment could even out. </span></p>
<p><span style="font-size: medium;">There are REO properties that can be picked up for a huge discount, but require massive repairs that a comparable short sale may not require.</span></p>
<p><span style="font-size: medium;"><strong>3. Short sales are a very difficult process and it takes a qualified person to handle this type of transaction</strong>.</span></p>
<p><span style="font-size: medium;">With this type of transaction it takes a very experienced agent on the listing side as well as the buying side.</span></p>
<p><span style="font-size: medium;"> Make sure before you move forward on the transaction that the listing agent has ample experience dealing with these types of transactions, or you could be tied up in a contract for months that never goes to settlement. </span></p>
<p><span style="font-size: medium;">There are several different types of short sale processes and each bank’s process is somewhat different; it takes a professional who has had experience with all of these different types of short sales to help facilitate a successful transaction.</span></p>
<p><span style="font-size: medium;"><strong>4. In most short sale transactions the properties are sold “as-is” and no repairs will be made.</strong></span></p>
<p><span style="font-size: medium;">Although there are some exceptions to this rule, speaking in general, short sales are sold “as-is” and no repairs will be made even if they are found during a home inspection.</span></p>
<p><span style="font-size: medium;">In most short sale transactions the bank will require both the buyer and the seller to sign an addendum that states the property is being sold “As-is” and no repairs will be made.</span></p>
<p><span style="font-size: medium;">These are just a few short pointers for buyers who are looking to purchase a short sale as they are a reality in every market, and if you have the patience you may be able to get the home you are looking for at a discount!</span></p>
<p style="text-align: right;"><em><strong><span style="font-size: medium;">&#8212; Reposted with permission of Keeping Current Matters</span></strong></em></p>
<p><strong>About The Staten Island Board of REALTORS® (SIBOR) </strong></p>
<p>The<a href="http://www.siborrealtors.com" target="_blank"> Staten Island Board of REALTORS® (SIBOR) </a>is the largest not-for-profit trade association in Staten Island, N.Y.</p>
<p>SIBOR exists to enhance the ability and opportunity of its members to conduct their business successfully and ethically; and to promote the preservation of the public’s right to own, transfer and use real property.</p>
<p>Comprised of over 1,600 members, SIBOR serves real estate agents, brokers and affiliated professionals throughout the borough and surrounding areas.</p>
<p>SIBOR is the provider of the Staten Island Multiple Listing Service Inc. (SIMLS), which works as a clearinghouse through which more than 250 local real estate firms exchange information on properties they have listed for sale. Together, its members participate in over 3,000 real estate transactions every year.</p>
<p>All SIBOR members belong to the New York State Association of REALTORS® (NYSAR) and the National Association of REALTORS® (NAR).</p>
<p>SIBOR may be reached at 718-928-3220 and visited online at <a href="http://siborrealtors.com/" target="_blank">http://siborrealtors.com</a>.</p>
<p><strong>Media Inquiries:</strong></p>
<p><a href="http://www.relevantpr.com/" target="_blank"><strong>Relevant Public Relations, LLC</strong></a></p>
<p><strong>Headquarters: 718‑682‑1509</strong></p>
<p><strong>Mobile: 917‑715‑8761</strong></p>
<p><strong>Email: </strong><a href="mailto:info@RelevantPR.com"><strong>info@RelevantPR.com</strong></a></p>
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		<title>1-Week-Old Staten Island Shop Greets 32,000 Potential Customers</title>
		<link>http://siborrealtors.com/2012/05/07/1-week-old-staten-island-shop-greets-32000-potential-customers/</link>
		<comments>http://siborrealtors.com/2012/05/07/1-week-old-staten-island-shop-greets-32000-potential-customers/#comments</comments>
		<pubDate>Mon, 07 May 2012 18:24:28 +0000</pubDate>
		<dc:creator>BartH</dc:creator>
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		<guid isPermaLink="false">http://siborrealtors.com/?p=4799</guid>
		<description><![CDATA[Bay Street Bicycles specializes in world-class bikes for avid cyclists STATEN ISLAND, N.Y. &#8212;  The owners of a 1-week-old Staten Island shop greeted 32,000 potential customers on Sunday [May 6] . The business, Bay Street Bicycles, is strategically located along the final stretch of the 40-mile 2012 TD Five Boro Bike Tour. “We were in ...]]></description>
			<content:encoded><![CDATA[<p style="text-align: center;"><span style="font-size: large;"><strong><em>Bay Street Bicycles specializes in world-class bikes for avid cyclists</em></strong></span></p>
<p style="text-align: left;"><span style="font-size: medium;">STATEN ISLAND, N.Y. &#8212;  The owners of a 1-week-old Staten Island shop greeted 32,000 potential customers on Sunday [May 6] .</span></p>
<p><span style="font-size: medium;">The business, Bay Street Bicycles, is strategically located along the final stretch of the 40-mile 2012 TD Five Boro Bike Tour.<img class="alignright size-full wp-image-4801" title="bike" src="http://siborrealtors.com/wp-content/uploads/2012/05/bike.jpg" alt="" width="205" height="216" /></span></p>
<p><span style="font-size: medium;">“We were in front of our store, cheering-on the cyclists as they made their way to the festivities at the St. George Ferry Terminal,” said Elizabeth Fiordaliso, a co-owner of Bay Street Bicycles.</span></p>
<p><span style="font-size: medium;">Situated at 1375 Bay St., Fort Wadsworth, the bike shop offered a convenient pit stop for cyclists seeking quick repairs, biking accessories – or even a new bike.</span></p>
<p><span style="font-size: medium;">“Our mechanics were primed and ready to tackle any biking situation they were faced with, from a flat tire to a broken chain,” Ms. Fiordaliso said. “And, of course, we had plenty of water on hand.”</span></p>
<p><span style="font-size: medium;"><a href="http://statenisland.ny1.com/content/top_stories/160729/fort-wadsworth-bike-shop-owner-puts-venture-in-gear?ap=1&amp;MP4" target="_blank">CLICK HERE TO SEE NY1 NEWSCAST ABOUT BAY STREET BICYCLES</a></span></p>
<p><span style="font-size: medium;">The scenario at Bay Street Bicycles will repeat itself on Saturday [May 12] when cyclists participating in the second annual Tour de Staten Island peddle passed the shop, said John Conte, Ms. Fiordaliso’s business partner.</span></p>
<p><span style="font-size: medium;">“These events are providing us with a wonderful marketing opportunity,” Conte said. “The Tour de Staten Island begins and ends at the Richmond County Bank Ballpark at St. George, so we’re anticipating some additional business exposure as a result.”</span></p>
<p><span style="font-size: medium;"><strong>GRAND OPENING</strong></span></p>
<p><span style="font-size: medium;">Bay Street Bicycles’ official grand opening will coincide with the Tour de Staten Island. Shoppers who buy a bicycle that day will receive a free helmet with their purchase.</span></p>
<p><span style="font-size: medium;">Ms. Fiordaliso, a Bulls Head resident and West Brighton native, and Conte, a South Beach resident, carefully surveyed the Island before choosing the North Shore site for their enterprise.</span></p>
<p><span style="font-size: medium;">“We worked with advisers at the Small Business Development Center at the College of Staten Island. The cost-free guidance they provided to us is priceless, and, after review, they supported our concept and choice of location,” Conte said.</span></p>
<p><span style="font-size: medium;"><strong>TOP-QUALITY BICYCLES</strong></span></p>
<p><span style="font-size: medium;">Ms. Fiordaliso describes Bay Street Bicycles as a bicycle emporium designed for the avid cyclist or competitor. Bicycles at the store range in price from approximately $400 to $2,000.</span></p>
<p><span style="font-size: medium;">“The bikes we sell are definitely not the ‘box store’ variety,” Ms Fiordaliso said. “We wanted to veer away from commonplace Staten Island bikes and provide our customers with something very special.”</span></p>
<p><span style="font-size: medium;">Bay Street Bicycles sells such top-quality brands as Italian high-performance bicycles by Bianchi, globally admired Felt bicycles and long-respected Schwinn bicycles.</span></p>
<p><span style="font-size: medium;">“These are top-quality bicycles designed to last for years and years to come,” Ms. Fiordaliso said.</span></p>
<p><span style="font-size: medium;">A full-service seven-day-a-week operation, Bay Street Bicycles can suit busy schedules by delivering purchases and performing repairs in the shop, or at a customer’s home or office.</span></p>
<p><span style="font-size: medium;">For more information, Bay Street Bicycles may be reached at 718-273-0891.</span></p>
<p>###</p>
<p><strong>Media Contact: Barton Horowitz</strong></p>
<p><a href="http://www.relevantpr.com/" target="_blank"><strong>Relevant Public Relations, LLC</strong></a><strong> </strong></p>
<p><strong>Headquarters: 718‑682‑1509</strong></p>
<p><strong>Mobile: 917‑715‑8761</strong></p>
<p><strong>Email: </strong><a href="mailto:Bhorowitz@RelevantPR.com"><strong>Bhorowitz@RelevantPR.com</strong></a></p>
<p><strong>About The Staten Island Board of REALTORS® (SIBOR) </strong></p>
<p>The <a href="http://www.siborealtors.com/" target="_blank">Staten Island Board of REALTORS® (SIBOR)</a> is the largest not-for-profit trade association in Staten Island, N.Y.</p>
<p>SIBOR exists to enhance the ability and opportunity of its members to conduct their business successfully and ethically; and to promote the preservation of the public’s right to own, transfer and use real property.</p>
<p>Comprised of over 1,600 members, SIBOR serves real estate agents, brokers and affiliated professionals throughout the borough and surrounding areas.</p>
<p>SIBOR is the provider of the Staten Island Multiple Listing Service Inc. (SIMLS), which works as a clearinghouse through which more than 250 local real estate firms exchange information on properties they have listed for sale. Together, its members participate in over 3,000 real estate transactions every year.</p>
<p>All SIBOR members belong to the New York State Association of REALTORS® (NYSAR) and the National Association of REALTORS® (NAR).</p>
<p>SIBOR may be reached at 718-928-3220 and visited online at<a href="http://www.siborrealtors.com" target="_blank"> http://siborrealtors.com</a>.</p>
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		<title>Alice Austen House Museum Seeks Votes For Grant Dollars; You Can Help</title>
		<link>http://siborrealtors.com/2012/05/04/alice-austen-house-museum-seeks-votes-for-grant-dollars-you-can-help/</link>
		<comments>http://siborrealtors.com/2012/05/04/alice-austen-house-museum-seeks-votes-for-grant-dollars-you-can-help/#comments</comments>
		<pubDate>Fri, 04 May 2012 16:16:18 +0000</pubDate>
		<dc:creator>BartH</dc:creator>
				<category><![CDATA[Arts & Entertainment]]></category>
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		<guid isPermaLink="false">http://siborrealtors.com/?p=4782</guid>
		<description><![CDATA[STATEN ISLAND, N.Y. &#8211; American Express and the National Trust for Historic Preservation are pleased to announce that Partners in Preservation is coming to New York City. The Alice Austen House Museum, in the Staten Island, N.Y, community of Rosebank, is in the running for grant money from the 2012 Partners in Preservation Initiative, a community-based ...]]></description>
			<content:encoded><![CDATA[<p><span style="font-size: large;"><img class="alignright size-medium wp-image-4785" title="CLEAR COMFORT" src="http://siborrealtors.com/wp-content/uploads/2012/05/CLEAR-COMFORT-300x188.jpg" alt="" width="300" height="188" />STATEN ISLAND, N.Y. &#8211; American Express and the National Trust for Historic Preservation are pleased to announce that Partners in Preservation is coming to New York City. </span></p>
<p><span style="font-size: large;">The <a href="http://aliceausten.org/" target="_blank">Alice Austen House Museum</a>, in the Staten Island, N.Y, community of Rosebank, is in the running for grant money from the 2012 Partners in Preservation Initiative, a community-based program which provides preservation grants for local historic places.</span></p>
<p><span style="font-size: large;">To assist the Alice Austen House Museum, simply log onto <a href="http://partnersinpreservation.com/" target="_blank">http://partnersinpreservation.com/</a> and cast your vote for this important Staten Island site. You can vote once a day, every day through May 21.</span></p>
<p><span style="font-size: large;"> The online venue of Partners in Preservation offers information about 40 New York City historic sites.</span></p>
<p><span style="font-size: large;">Other Staten Island places included at the Partners in Preservation Web site include: Rossville AME Zion Church, Staten Island Museum @ Snug Harbor and Our Lady of Mount Carmel Shrine.</span></p>
<p><span style="font-size: large;"><a href="http://partnersinpreservation.com/" target="_blank">Go online to learn more about the 40 historic places and vote.</a></span></p>
<p>&nbsp;</p>
<p><strong>About The Staten Island Board of REALTORS® (SIBOR)</strong></p>
<p>The <a href="http://www.siborealtors.com/" target="_blank">Staten Island Board of REALTORS® (SIBOR)</a> is the largest not-for-profit trade association in Staten Island, N.Y.</p>
<p>SIBOR exists to enhance the ability and opportunity of its members to conduct their business successfully and ethically; and to promote the preservation of the public’s right to own, transfer and use real property.</p>
<p>Comprised of over 1,600 members, SIBOR serves real estate agents, brokers and affiliated professionals throughout the borough and surrounding areas.</p>
<p>SIBOR is the provider of the Staten Island Multiple Listing Service Inc. (SIMLS), which works as a clearinghouse through which more than 250 local real estate firms exchange information on properties they have listed for sale. Together, its members participate in over 3,000 real estate transactions every year.</p>
<p>All SIBOR members belong to the New York State Association of REALTORS® (NYSAR) and the National Association of REALTORS® (NAR).</p>
<p>SIBOR may be reached at 718-928-3220 and visited online at <a href="http://siborrealtors.com/">http://siborrealtors.com</a>.</p>
<p><strong>Media Inquiries:</strong></p>
<p><a href="http://www.relevantpr.com/" target="_blank"><strong>Relevant Public Relations, LLC</strong></a></p>
<p><strong>Headquarters: 718‑682‑1509</strong></p>
<p><strong>Mobile: 917‑715‑8761</strong></p>
<p><strong>Email: </strong><a href="mailto:info@RelevantPR.com"><strong>info@RelevantPR.com</strong></a></p>
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