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Home Buying in 07512 : Real Estate Advice

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  • Home Buying5
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Activity 5
Sat Dec 19, 2015
Dan Tabit answered:
Kim,
580 is the lowest some lenders will consider, but not all. Paying down your debts while leaving your credit cards open will improve your scores.
Lenders use the middle score of the lowest scoring borrower from the credit reports they obtain on their own. You may find that the scores you have and the ones obtained by a lender are the same.
Please don't jump as soon as you hit 580. The odds of getting approved at the bare minimum are low.
Resolve your issues, pay your bills on time, have low to zero balances, use credit but pay it off monthly for items you need to buy anyway.
Some lenders assist with credit repair as part of their service. There may or may not be a fee for this. Find a lender who does and you'll make more progress faster.
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Sat Jan 26, 2013
Ryia Iosif answered:
The best thing is to go to the Municipal building and check with the town.
Let me know if I can assist you in anyway ryia2@aol.com. Thank you
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Sun Dec 9, 2012
Andrew Tisellano answered:
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Thu Mar 11, 2010
Donald Campbell answered:
There is a vast difference for an attorney between “just doing” a real estate closing versus an attorney protecting the buyers, such as negotiating a price adjustment because of house defects, oil tank problems, (leaky or not), mold, roof, etc. etc. Does the buyer need help with the lender, with the seller, with any tenants, or is it the moving date or what’s to be left behind and what isn’t by owners? A good real estate attorney doesn’t just “do a closing”.

Some attorneys with title companies and some real estate agents just want “an attorney to do the closing”. Good real estate attorneys, however, will seek to protect you and your investment. It’s like going to the doctor for a sore throat as any doctor can treat it, but if it’s cancer of the larynx, you want a specialist, not just the local doctor. So also with attorneys, we all can estimate a fee for just the closing, but if there are problems (and most often there are), then expect to pay more. So if you see the cheap attorney fee ads, keep looking. It doesn’t pay to be penny-wise, thousands of dollars foolish in the biggest investment you will ever make – your home.

Our office always wants to meet personally with you to explain the process and answer all your questions, especially about fees. An attorney who just wants to do the “closing” doesn’t usually want to get involved in your concerns and problems because they want to get you in and out. So beware the cheapest quote, you may just get what you pay for – little. We recommend doing it right and getting an experienced real estate attorney, even if it isn’t our office, which serves Northern New Jersey.
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