More info: We put a bid on a house, we asked for money back because the home inspection found many issues. We have been going back and forth and they offered us 1,000 for radon remediation and 2,000 for furnace repair with a another line to the addendum saying that the 3,000 was to be used for a new furnace (therefore not paying for radon). We said no to this as we were going to put in our own furnace/ac system and wanted to pick what we wanted. Now we are still working out the contract and we have found out they have already replaced the furnace and are expecting us to use the 3,000 they offered for the new furnace. Is this something we should go along with? This to me is my perfect house, in a good school district and what I've been looking for for the last 6 months, but don't feel we should have to buy a furnace that we didn't want and then get no money for the radon remediation. After everything is said and done we are offering them 5,000 less than it was listed at and right at the house was appraised at.... more
The contractor needs to be licensed and willing to fill out the FHA 203(k) loan paperwork in a timely manner, and to answer any questions that might come back about the required work. The contractor provides estimates of labor and materials for each repair required. The appraiser then does an appraisal based on property and expected future value once repairs are done. I don't think the contractor needs any certifications other than to have an active and valid contractor's license in NJ.... more
A property that is included in a public information database and identified is the subject of a legal proceeding, with a lis pendens filed. Because there is a legal proceeding, does not mean that the property is for sale. The amount that you see listed is the amount in identified in the legal proceeding. Many properties which have lis pendens filed will not be sold at this time. In many instances, the property owners will resolve the legal issue and retain the property. If it going to be offered for sale, the amount of the lis pendens does not reflect the price at which a property will be sold.
If a property has been foreclosed upon and ordered for sale by the sheriff at auction, the price listed is the opening price. It may be bid up from there.... more
It will depend on the lender you work with, and their investor "Overlays"... ie, the requirements of the investing institution... It also depends on which property you are refinancing, the type of financing it currently has, etc...
Some lenders like to see 6 months of PITI (Principle, Interest, Taxes, Insurance) reserves for EACH owned property... Some don't...
Best way to find out is to contact a few local lenders and ask them what their reserve requirements are...... more
Are you looking for a month to month rental? Are you the owner? Are you the renter? I can tell you that month to month rentals are both difficult to find and difficult to rent if you're the owner. Most renters and landlords want the security of knowing they won't have to move again for a while. Month to Month rentals are available but they are few and far between.... more
You need to find a good realtor to work with who is experienced in Short Sales. Bankruptcies are more rare, however. It's really a matter of negotiating with the bankruptcy trustee in addition to the owner, very much like a Short Sale, but I think the chances of getting a good deal are probably greater with a short sale. The Trustee is going to insist on getting as close to market value as possible so the money can be used to satisfy the creditors.
Banks, on the other hand, tend to understand they need to discount the property at least a little bit in order to get it sold due to its being considered a distress sale. And even the banks are not offering discounts as deep as they were.
If I can help you, please feel free to contact me at email@example.com. I am a certified Short Sale and Foreclosure Resource. I will do what I can.... more
I really am not seeing a question here. the link you show is a public record info, the property is not for
sale, and why would you want to add a photo, where?
Are you an individual or a Realtor, get back to us and I gladly give you the information you are seeking if I can.
Good Luck to you
Edith YourRealtor4Life & Chicago, North Shore & Northern Illinois Expert
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Agents US & world wide properties. French, German, some Spanish &more EdithSellsHomes@atproperties.com or EdithSellsHomes@gmail.com
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HAVE THE MOST WONDERFUL DAY :)... more
I agree with your train of thought. i would recommend a Town home or condo vs a house if you are planing on renting in a few years. Houses for rent are always in demand but the upkeep of the exterior is an extra concern when you are not around
I think Bergen county or Montclair, Nutley are great places to live and in the future will be very easy to rent. If you would like to meet me in my office for a free buyers consultation we can go over all your options and make sure all your needs are met.... more
With my experience dealing with banks and short sales, I have learned to take the timeframes and deadlines the banks give us with a grain of salt. In most of my short sale deals, rarely has the bank kept to their word with the deadlines and the timeframes they give us. They may tell you approval should be received within a week and then its a month later and your still waiting....
Entertaining a short sale is all a gamble in which all parties involved must have severe patience.
While the time may pay off in the long run if your offer is accepted by the bank, its not always guaranteed to end that way.
Best with your situation and offer....
Licensed Realtor in NJ and GA
474 Morris Ave Summit, NJ 07901
Cell : 973-687-7095
Dream Homes ARE Within Reach!!!... more
I am assuming you are talking about the new construction townhouses in Coventry Park? They would be part of the Morris School district as the community is park of Morris Plains.
They have sold very quickly as the Morris Plains market is very tight on inventory. According to the last data I looked at for Morris Plains, there was only 2 months of inventory there: http://morris.patch.com/blog_posts/october-real-estate-update-for-morris-plains-and-morris-township
I'd be happy to share some additional information if you are interested. Please feel free to reach out.
Have a great Thanksgiving!
Craigslist id a good source for free rentals
I can also email you a list of available rentals listed with Realtors.
Typically when working with a Realtor for a rental the fee is 1 month paid by the tenant. sometimes the landlord will pay it or 1/2 of it.
let me know if I can help you... more
Please call Jeff Greenberg from Atlantic Home Loans. He is amazing and worked with many of our buyers who used FHA loan. It's free and he can get you pre-approved over the phone after asking some easy and quick quesions. Full approval can be done in about 30 days. Did you find a home that you are trying to finance?
Jeff Greenberg - Cell: 973-650-7802, Work: 973-333-8688.
Karen Abramson & Sharon Avram
917-294-0356 / 201-738-3158
The Sharon and Karen Home Team
Keller Williams Suburban Realty
We recommend Marvin Crane. He know the area inside and out. He is with ReMax Superior Homes. His office number is 973 334 3500. Tell him Wayne and Patty sent you and he will take good care of you!... more