Franklin Blacker

"Broker Associate"
  • I'm a:
  • Real Estate Professional
  • Company:
  • Century21 Castle Realty
  • Location:
  • Web sites:
  • Phone:
  • (631) 588-4663 ext30
Franklin Blacker,  in 11779
  • 47 Answers
  • 1 Best Answer
  • 5 First Answers
  • 7 Useful Answers
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About Me
Attended SUNY Stony Brook- Health Education
I was invited to SouthWestern University School of Medicine, 1973
I was invited to be a Fellow at Columbia University School of Community Health Education, 1975
Former Program and Education Director for the Suffolk Heart Association
Joined The National Association of Realtors in 1985
Twice winner of Mult Awards Century 21
Top Agent for Remax One, 1997
Broker Owner of Real Estate Masters of Long Island
Broker Associate of C21 Castle Realty at Present
I am responsible for New Education, Continuing Education and Professional Conduct for C21 Castle
My Q&A View all >>
Franklin Bla…'s Questions (1)
Franklin Bla…'s Answers (47)
Franklin Blacker answered:
Absolutely as long as they pay the note! - Yesterday, 12:05

Can anyone tell me how a short refi will affect my credit?

Franklin Blacker answered:
If you are current on your payments, then if the bank is willing to write of the difference it "should not" have any impact on your credit score. There is no telling at this point what will effect future credit. I would advise you that you should let the bank know that you are planning to refinance the loan and see if they would be willing to remodify the loan without shorting the principal. In effect, what this does is change the interest rate to an amount you can afford and payments that you can handle and may obviate the need for a refinance of your loan. You may want to contact an attorney to help you with this. Please let me know if you need a referral. - Thu Jul 24 2008, 10:05
Franklin Blacker answered:
I would suggest working with an agent that will represent you as the buyer. This type of agent is called a "Buyer's Agent" and they work for you as their client. The agent should have been able to present an offer that would have given you the ability to counter offer the other bid. If one of the offers was at full price, then as a seller, I would have taken that offer without countering other offers. Did your agent notify you that there were other offers being presented? - Fri Jul 11 2008, 13:30

What is your opinion about buying a co-op in the Coram area?

Franklin Blacker answered:
Coops are great for the apparent low price they are offered at. Just for the record, I am not fond of co-ops in general. For the most part they are political and require specific mandates that need to be followed. Prior to selling a co-op, it has to be approved by the board. If you don't mind the lack of control of your own home in terms of what you can do to improve it and or sell it, the co-ops in Coram are fine. - Fri Jul 11 2008, 08:23
Franklin Blacker answered:
I believe it is just that, "a good indicator." If you research further with recently sold homes in your area that are quite similar to yours, that would be even a better indicator. Without sounding totally self serving, I would contact your local realtor who will give you information totally free and without strings. - Fri Jul 11 2008, 08:19
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