By Will Fritz, BK Reader A Brooklyn property owner facing foreclosure after a years-long battle with her bank, who she accuses of engaging in “predatory” lending practices, has received a welcome reprieve — for now. Victoria Stennett’s 16-unit apartment building in Flatbush was supposed to be foreclosed on by Emigrant Bank on March 1. However,…
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Tips to Help You Get Rid of Basement Mold
By Chris Tobias If a musty scent rises from the basement, mold is present. Mold gathers in damp places with poor airflow and damages soft furnishings, like curtains and carpets, and grows on walls. Patches of mold release spores, and they are health hazards. It wrecks wood and rots material, and creates a musty stink…
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Avoid Water Damage: Three Tips for Protecting Your Property
The best way to protect yourself from floods is to prepare your home and property before any kind of natural threat occurs, such as heavy rainfalls, hurricanes, mudflows and ice jams. However, even problems relating to damaged drainage systems, new development and overtopped levees can cause flooding. Fortunately, to help keep your investments protected, here…
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Financing Your Business with Home Equity
Though many business owners at some point tap into home equity as a financing source, you need to determine whether this strategy is right for you. First, you should know the basic difference between the two primary kinds of home equity debt. A home equity loan is a one-time lump sum that is paid off…
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Buying a Foreclosure: 5 Things to Know
Buying a property out of foreclosure can be a very smart move, financially. But it can also be complicated, expensive, and stressful. Here are 5 things to keep in mind before you take a first step in that direction: Cash or Preapproval Required Buying a house that has been returned to the lender through foreclosure…
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