Home Buying in Buffalo>Question Details

Pouchonnyc, Home Buyer in Queens, NY

Does anyone know where I can find a Declining Market Value listing for the Queens and Nassau areas?

Asked by Pouchonnyc, Queens, NY Wed Mar 26, 2008

I spoke with a lender and I was informed that I would need to put an extra 5% on my down payment to take advantage of their special offer program, because of the Declining Market Value of the areas I am looking to purchase a property. I mentioned; Little Neck, Douglaston, New Hyde Park, and Floral Park areas. Is a listing on the internet that an a first time buyer like myself can use? If yes, please let me know.

Thanks for your assistance
First Time Home Buyer

Help the community by answering this question:


I'm having trouble linking, but it's on the Fannie Mae website.
Web Reference: http://optionsrealty.com
0 votes Thank Flag Link Sun May 18, 2008
The "declining market status" goes away on June 1. Talk with your lender about it before assuming that you have to put additional money down- it's being eliminated by Fannie Mae. I'll check back and provide the link.
Web Reference: http://optionsrealty.com
0 votes Thank Flag Link Sun May 18, 2008
you can check it out on our website or call at 516-739-2243
0 votes Thank Flag Link Sun Mar 30, 2008
contact me offline with at Gail@GailGladstone.com telling me what you are looking for (bedrooms, price, etc.) and I will make the listings available to you.
Web Reference: http://GailGladstone.com
0 votes Thank Flag Link Wed Mar 26, 2008
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