Emel Mcdowell Realtor - REAL Broker,NY

04/23/2025

BROOKLYN-District 13 Community Education Council
VOTE Xenia Montenegro Xenia Montenegro

April 25th to May 13th, and all you need is a NYC Schools Account to Vote.

12/22/2024

My God Daughter wanted a real 90's Party with nugget braclets, gucci links, cables with anchor pieces, and 3 finger rings.

09/27/2024

Had an opportunity to have a 1 on 1 conversation with the chief judge of the NYS Court of Appeals. His insights and words of wisdom were priceless.

08/14/2021

Want to know how much mortgage you can afford? Click below and use my FREE MORTGAGE CALCULATOR.

Calculate the payments for a property mortgage

10/27/2020

https://www.fool.com/millionacres/real-estate-investing/articles/portland-landlords-must-now-pay-relocation-costs-tenants-who-cant-afford-rent-increases-should-landlords-nationwide-be-worried/ #

Should a new rule that applies in Portland have landlords in other parts of the country concerned?

08/22/2020

Great Investment Opportunity

Hancock Street, bet. Lewis and Malcolm X
Brooklyn, NY 11233

3 Family Brownstone.
3,728 Square.
Taxes $4,853-2019
Asking: $1.1 million

06/08/2020

Property for sale in the town of 700 people includes an abandoned restaurant, a syrup mill, an opera house, an old bank, and a railroad depot. Calls to the number listed on the sales website went unanswered, but it appears the town has been on the market since 2012, when it was first listed at $2.5 million.

“The owners are hoping to see the Toomsboro real-estate property in the right hands,” a sales website says. “New owners that understand [its] uniqueness and the importance of preserving historic properties.”

05/24/2020

05/24/2020

As of this week, 4.75 million homeowners are in government or private sector mortgage forbearance programs, according to Black Knight. That is 9% of all mortgages outstanding. New analysis, however, shows a large share of these borrowers initially didn't need the bailout, but now more do.

04/12/2020

KEY POINTS
From Tuesday, customers applying for a new mortgage will need a credit score of at least 700, and will be required to make a down payment equal to 20% of the home’s value. The change highlights how banks are quickly shifting gears to respond to the darkening U.S. economic outlook and stress in the housing market.

JPMorgan Chase, the country’s largest lender by assets, is raising borrowing standards this week for most new home loans as the bank moves to mitigate lending risk stemming from the novel coronavirus disruption.

From Tuesday, customers applying for a new mortgage will need a credit score of at least 700, and will be required to make a down payment equal to 20% of the home’s value.

The change highlights how banks are quickly shifting gears to respond to the darkening U.S. economic outlook and stress in the housing market, after measures to contain the virus put 16 million people out of work and plunged the country into recession. “Due to the economic uncertainty, we are making temporary changes that will allow us to more closely focus on serving our existing customers,” Amy Bonitatibus, chief marketing officer for JPMorgan Chase’s home lending business, told Reuters.

The bank was the fourth largest U.S. mortgage lender in 2019, according to industry publication Inside Mortgage Finance.

02/17/2020

The New York City Housing Authority has reached a deal to bring thousands of Manhattan and Brooklyn apartments under private management and do $1.5 billion worth of work.

Five development teams including L+M Development Partners, Hudson Companies and Settlement Housing Fund will take charge of management and repairs at seven housing complexes totaling 5,908 units, the Housing Authority announced Thursday after Crain’s reported the deal.

The projects are East New York’s Linden Houses and Boulevard Houses, East Williamsburg’s Williamsburg Houses, Washington Heights’ Bethune Gardens and Marshall Plaza, and Harlem’s Audubon Houses and Harlem River Houses 1 and 2.

NYCHA hopes to bring about 62,000 of its 174,000 units of public housing under private management by the end of 2028, mostly through the federal Rental Assistance Demonstration program, or RAD. The agency has only converted about 7,700 housing units since embracing the program roughly three years ago.