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Home Buying in 07087 : Real Estate Advice

  • All49
  • Local Info7
  • Home Buying22
  • Home Selling2
  • Market Conditions3

Activity 20
Tue Sep 13, 2016
Karen Peyton answered:
You need knowledge of the present lease agreement and also the laws of your state concerning the rights of tenants.

This is NOT the time NOT to have an agent! If you don't know what you're doing you can find yourself with all kinds of problems, and in all kinds of trouble.

Get an agent! One referred by family or friends - or use the tab at the top of the page.

Good luck!
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Thu Jan 21, 2016
Svquietly answered:
You can offer anything you own as collateral.

The lender may or may not find your collateral interesting.

In the case of a lot in Pt. Rico ... most likely a problem unless you deal with a Pt. Rico based lender.


Major lenders do not 'cross-collateralize' real estate for most folks; but do sometimes for major players.


If you can not locate a trustworthy local bank in PR ... search for a private investor than understands the nuances of a cross-collateralized loan involving a bare lot.


I'll send you links if you want more info.

Terri S
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Tue Jan 12, 2016
thinz answered:
You could negotiate anything...the issue is will the seller accept it as collateral? You could also use a portion of your rental income as collateral if the seller does not accept the land.
Certainly worth asking. Tom Hinz
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Mon Nov 2, 2015
thinz answered:
Are you including all expenses including the HOA fees and taxes vs just the monthly mortgage payment? How close is the lower level unit to the water? That would affect my decision on that one easily! Tom Hinz ... more
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Fri May 22, 2015
Keith answered:
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Thu Feb 19, 2015
Michael Dolan answered:
Is it one listing or multiple? You need to ask the people calling what listing they are inquiring about and where they saw it. Then search it and contact the agent(s) and let them know. They should be able to make the changes. ... more
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Mon May 12, 2014
Annette Lawrence answered:
The value of a property is what an able buyer and willing seller agree to.
The appraisal order by the lender is to assure they can resell the mortgage.
Confusing the two will cause the wrong conclusion.
There are eight go/no go, parameters for a home mortgage. Most of these are not even looked at until the last week of the process. Then 5 days before closing the lender backs out, after the buyer has paid for a inspection and the appraisal.
Sellers need to confirm buyers have sufficient cash on hand to overcome the banks Dobbs/Franks Consumer Protection Act requirements.

Buyers need to receive a 'Clear-to-Close' before making a purchase offer. The means the buyer has passed underwriting requirements and there won't be any "found something in past tax returns' that will be cited as the reason for the bank to pull out of their agreement.

Allowing a third party, who has different objectives, to establish the 'value' of a home seldom ends well.

There are two big bank lenders who are notorious for leaving buyers at the alter. Sellers must have the courage to kick any offer from a buyer who is packing paper from these banks to the curb immediately.
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Thu Mar 13, 2014
Alireza Memar answered:
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Fri Dec 27, 2013
Richard Marte answered:

Yes, working with a mortgage professional will best answer your questions and determine your current situation.

Contact me for further details.

Richard Marte
(201) 676-0652
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Fri Jan 18, 2013
Matt R. answered:
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Sun Jan 13, 2013
Laura Giannotta answered:
You have the right under NJ law to work with what ever title company you want.

Seller pays RTF

All the other items are included in your settlement costs, with the exception of the home inspection which you the buyer pay for at the time of the inspection.

Your attorney fee would also be included in the closing costs...your best bet would be to talk to your attorney.
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Mon Jun 25, 2012
Carl Ben Witzig answered:
Last two answers are right on the money. All too often the buyer asks the seller to pay the closing costs (or a portion) on top of the offer being under the list price or supportable comp price. The offer and concession must be reasonably close to LP for best effect and acceptance. In exceptional cases, the seller might agree to a lower offer and even less with the concession. These would be cases where the house lingers on the market, has some flaws, and/or the seller wants out. Every deal s different and use an experienced professional realtor like Jeanne here. You'll be glad you did. ... more
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Fri May 6, 2011
Anthony Curty answered:
Its a concrete and steel building, so they will boast that it is sound proofed. The reality is even the absolute best construction you will be able to somewhat hear your neighbors if they are being loud. In general altessa is one of the nicer built buildings in You should also check out 4301 park-not as many amenities but a very nice solid build building. If your not working with a realtor and would like some help please feel free to call I'm very familiar with and hudson county for that matter. Hope that helps anthony curty liberty realty 201-937-8802. ... more
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Wed Apr 28, 2010
Sharon Kozinn answered:
Dear Karen,
You need to speak to your attorney, If they are not very experienced in handling short sales, you need to find someone that is. They will be able to guide you through the legalities and obligations of this sale.
Good Luck.
Sharon Kozinn
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Wed Apr 28, 2010
Weichert Realtors answered:
Kell: Have a look at this:

0 votes 2 answers Share Flag
Thu Dec 3, 2009
Michael Sassano answered:

Definitely turn to a local Realtor that specialized in Hudson County. You do not want to have your first time as a home buyer turn bad. It's a great time to buy a home, prices are still low and the tax credit is going to be around for longer. The biggest step is applying for a mortgage. A good idea is to get pre-qualified for a mortgage before you start looking so that you know exactly what you can afford. The worst thing is to fall in love with something then getting disappointed. Feel free to contact me at any time and I will be glad to help and get you into your first and future home.

Michael Sassano
Alpine Mortgage Corp.
Cell (201) 247-0277
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Thu Aug 6, 2009
Dd answered:
I too am a single gal living by myself about 10 houses down from that Condo and I can say that the neighborhood is entirely safe. I don't venture much deeper into the depths of Union City but Mountain Rd turns into Gregory Ave which is considered Weehawken. I feel comfortable in Weehawken at any hour. I presently rent but am on the market to purchase and am sticking in the same area. ... more
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Wed Jul 22, 2009
Jose Gonzalez answered:
Park City Arms is a good move. Union City is growing; I know, I have lived there since I was 7 years old. Are you planning to sell this unit as soon as you can? A lot of people think of "resale value" when they are buying. I believe that should come secondary. If you are going to live in it comfort should be first. With comfort in mind, where do you work? Commute should not be a major portion of someone's day. Considering resale value, Union City is good bet and so is Jersey City also but the one to beat is North Bergen. There is a tunnel being built from North Bergen to Penn Station in Midtown Manhattan. That will definitely influence real estate prices. The tunnel is slated to be finished 2017, by then the real estate market should be different. ... more
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