Joseph Pettinella's blog

You found a house with great potential in the perfect location, but it needs a lot of work. You may want to consider a renovation loan.

What is a renovation loan?  With a renovation loan a homebuyer finances both the purchase price of the house and the cost for repairs. The loan is based on the after-improved appraised value of the property. The buyer makes only one loan and one monthly payment.

All renovation work must be completed after closing by a buyer-selected contractor, and funds are held and disbursed by the lender to the contractor as the work is completed. Repairs must start within 30 days and be completed within 6 months.

The renovations can be required repairs to bring the property up to minimum property standards, or they can be optional repairs to modernize a property. Repairs that fall within the guidelines include (but are not limited to) the following:

Where:  The Outdoor Market is located in the Municipal Parking Lot at 61 East Market St, Rhinebeck, NY

When:  Every Sunday 10:00 a.m. to 2:00 p.m. - Rain or Shine

The Rhinebeck Farmers Market is a place where neighbors meet and visitors can sample the very best of the Hudson Valley. They provide a diverse and unique selection of farm fresh products including fruits and vegetables, beef, pork, lamb, venison, buffalo, fish, chicken, turkey, duck, pheasant, rabbit, eggs from chicken, duck, turkey and pheasant, goat, cow and sheep's milk cheeses, dairy, honey, juices, jams, flowers & plants, smoked products and much more.

They also offer a full schedule of special events with chef demonstrations, tastings, recipes, children's activities, live music, and more.

Get more information on their website: http://www.rhinebeckfarmersmarket.com/   See you there!

Governor Cuomo just yesterday launched a landmark $20 billion, five-year plan to combat homelessness and advance the construction of affordable housing in New York State. The plan will create and preserve more than 110,000 units of affordable and 6,000 units of supportive housing over the next five years. This marks the largest investment in the creation and preservation of affordable housing and efforts to end homelessness in the history of New York.