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07430 : Real Estate Advice

  • All22
  • Local Info2
  • Home Buying7
  • Home Selling5
  • Market Conditions0

Activity 12
Thu May 26, 2016
kptjack206 asked:
Thu Feb 4, 2016
Sally Grenier answered:
Pay no attention to these "real estate websites" and their so called "values" that are randomly assigned to properties. Not here, not Zillow, not Realtor.com. They are ALL inaccurate! If your home isn't for sale, don't worry about it! If you really want to know what your home is worth, call a local REALTOR and they'll be able to give you a FREE market analysis.

P.S. I just wrote a blog post on this subject:

http://boulderhousesearch.com/blog?post=But-Zillow-Says&xid=040105-01
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0 votes 1 answer Share Flag
Sun Nov 9, 2014
John Westrich answered:
Hello, I have sold units in Paddington Square and never had a problem. This is one of the better developments in Mahwah.

Tiya, if you are still in the market for a unit. I have an extraordinary unit coming on the market around the end of the year / beginning of 2015. This unit is so private and the entrance and unit actually face the wooded area. Everything in the unit has been redone and is in outstanding shape.

Let me know if you have any questions or would like additional information.

Sincerely,

John Westrich
Terrie O'Connor Realtors
862-432-9555
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0 votes 1 answer Share Flag
Sun Aug 24, 2014
Thomas Cowen answered:
If you are still looking for a rent to own property , I will consider the home is in Mahwah,NJ Email @ cowenr@verizon.net
0 votes 12 answers Share Flag
Thu Jun 26, 2014
Ronald Shaffery answered:
I have attended a couple of Sheriff sales. The banks usually end up getting the house for the amount they are owed. Investors have to be perpaired to outbid the bank if they want a shot at getting the house. ... more
0 votes 1 answer Share Flag
Sat Mar 29, 2014
Danielle Russodivito answered:
Hello Jazmine,

If you are referring to Trulia and Zillow, a lot of the "pre-foreclosures" you see are not exactly for sale. What happens is when a homeowner has missed 3 or more payments, a lis pendens gets sent to them. A Lis Pendens is a notice that you have missed 3 payments and that you will be in default. It takes about 3 or 4 Lis Pendens and 3-5 years for the bank to actually foreclosure on the home. In that meanwhile, the homeowner has a chance to catch up on payments if they can. If the owner is selling and its short of what they owe the bank, that is considered a short sale. With a short sale, the bank is the third party approval since they will be taking a loss. I can view foreclosures and short sales in my system if you were interested in purchasing one.

You can reach me direct at 845-664-2144.

If you have anymore questions, please don't hesitate to call.

Thank you,

Danielle Russodivito
Real Estate Salesperson
Licensed in NY & NJ

164 Lafayette Ave
Suffern, NY 10901

845-664-2144
danielle.russodivito@randrealty.com
www.daniellerussodivito.randrealty.com
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0 votes 4 answers Share Flag
Mon Aug 19, 2013
Melissa Goss answered:
Well the 2 other offers finally presented themselves in writing... is likely what happened here. Sadly the agent who represented you probably was not offered the invitation to counter, as they likely settled on the higher offer and just left it at that. ... more
0 votes 15 answers Share Flag
Tue Jun 12, 2012
Marsha Bowen Washington answered:
If you are current on your mortgage and can stay current while you are trying to do a short sale, effective June 1st, the credit reporting companies will not report the sale as derogatory. I actually have a blog about the effects of a short sale that you can read right here on Trulia. You can click into my profile to read it.

Good luck!
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0 votes 4 answers Share Flag
Wed Jan 19, 2011
Bob Movin-On answered:
There is only a 10 day redemption period in NJ which means after 10 days if you can not come up with what the bank feels you owe them then the highest bidder at the auction (usually the bank) can take title.
Now, "will someone come knocking at your door any time soon after that?" is a big unknown, I have clients that were never even approached for as many as 24 months.
Yes if you have enough money to hire a lawyer, the lawyer can usually get the court to give you time but it is costly and for what, save the money and put it toward a deposit on a rental, hire a mover and move on.

Bob Patrick
Buy a home after foreclosure expert
Movin-On LLC
Helping families/people that have lost their homes get back into a new one in as little as 6 months
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0 votes 3 answers Share Flag
Sun Oct 10, 2010
Robin Silverberg answered:
Bonnie, when you posted this question, you were on the market for 9 months. Can you tell us what ended up happening? It is now more than 2 years after you posted your question.
0 votes 15 answers Share Flag
Sun Feb 22, 2009
Lawrence Fink answered:
First of all, let me thank Barbara and the other posters for their thoughtful and intelligent contributions.
I wish I were as optimistic as she is but I would like to first remind everyone of the powder keg that is New Jersey's finances and the enormous impact it will very shortly have on both income and real estate taxes.
To cite some (incredible) numbers, according to the N Y Times (4-12-2009) " during the past 15 years, the state’s debt has increased fourfold, to $35 billion from $8.1 billion. ... and "annual payments on outstanding loans have nearly doubled since 2003, State Treasury Department records show, even though New Jersey’s overall budget has grown by 26 percent in that time."
In addition to the the State of New Jersey debt, we can add to this a shortfall of at least $34. 4 billion for NJ State public pensions (this number may actually be too low since independent analysts have recalculated this to be upward at least double that number).
The other festering problem is that general business condtions in this area are still weak and they have yet to change direction.
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