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08902 : Real Estate Advice

  • All51
  • Local Info1
  • Home Buying26
  • Home Selling6
  • Market Conditions0

Activity 42
Mon Apr 10, 2017
Kathy Burgreen answered:
Unfortunately you committed mortgage fraud big time. What you did was illegal and is a federal crime - meaning prison.

Let's analyze this step by step:

1. When you refinanced your primary residence with the 1st lender, you signed documents stating that you will OCCUPY this home and you will NOT rent it out for the 1st year. This is why lenders can offer lower interest rates, low fees and good terms - because the home will be occupied by you. What did you do? You moved to a different home and you lied on the refinance documents. Your lender caught you in a lie.

2. As for your 2nd home, you can use a different lender to refinance it but you need to take care of the legal stuff with your first home now.

3. Lenders do verify occupancy status after the loan is closed. Some lenders do a random check; other lenders flag your file if they suspect something you said or did; other lenders don't do anything. At this point, you got caught.

Start contacting a real estate attorney. You need to protect yourself from a lawsuit from your lender and possibly jail time.
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Tue Jan 17, 2017
Maricris A answered:

The photos have been removed from our display as you requested.


Consumer Care Advocate
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Tue Oct 25, 2016
Sahil Patel answered:
It seems like you may have signed a buyers agreement with the agent you placed the offer through which means you may have have asked him to represent you on this transaction and any other transactions for a set period of time. I would go back to that agent and find out where you stand.

Sahil Patel
Keller Williams Elite, Realtors
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Mon Mar 28, 2016
Usually the lender is going to buy it at auction to protect their interest in the property. Where a family member could step in, would be after the sheriff's sale during your REDEMPTION period. This is generally for 6 months after the sheriff's sale. Once you find out how much the sheriff's sale was for, your family member could pay that amount to buy the home outright.

They're probably gonna need cash though, because lenders are going to shy away from any family bailout situation, so they probably won't be able to get a mortgage
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Mon Nov 16, 2015
thinz answered:
The ballpark amount based on comps is $240-245k. More or less depending on the condition.
Wasn't that easy and low risk? Tom Hinz
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Thu Sep 17, 2015
Michael Dolan answered:
Detectors on each level, 10 ft radius from the bedrooms and an AB rated fire extinguisher mounted in the kitchen. Your town should have the form online with more specifics and fees.
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Wed Jun 17, 2015
William Caldwell answered:
Hi Tirees,
It really depends on the condition of the townhome and whether it is an end unit or inside unit. You can call me and we can discuss it further.
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Sun Dec 21, 2014
Jacs asked:

What are the criteria to be considered while determining fully/partially finished basement in North Brunswick township? Appreciate the response
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Mon Aug 18, 2014
dipakumar.nj asked:

I am looking to rent out my town house in Renaissance community, North Brunswick.

Any idea how much I could a monthly rent. It is a 2 bed, 2.5 bath with approximately 1400…
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Sat Jun 28, 2014
Leonard Dunikoski answered:
Yogesh, is there a reason you selected the 5 specific towns you mentioned (do you want to stay close to family, etc)? How do you plan to commute to work (do you want to be close to a major highway, train station, bus stop, high-speed ferry)? Your answers will help us give you some recommendations. Thanks! ... more
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Wed Jun 18, 2014
John Sacktig answered:

Send an email or give a call. A lto depends upon what you ae thinking price wise, house, townhouse, condo.. where you need to be, as in commuting, train, bus, car. All these items will point towards where you can be!

Give a call or Email!

John Sacktig
Broker / Manager
Century 21 Burke Realty
Direct: 732-213-1409
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Thu Apr 10, 2014
Prasenjit Baisya answered:
Schools wise, the better ones as comparables would be North, East , South Brunswick and North Edison. In all of these, you have Blue Ribbon Schools.
The next rung is Piscataway, South Edison .
Some of the sites other folks have below will show these.
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Mon Jul 22, 2013
Pete Maimone answered:

I'm about 99% sure that your home is in Gov Pt. Homes there have been selling quickly and close to or at list price for close to 6 months now. Including moderate income units. the trick is finding the qualified buyer that both meets the income guidelines and can qualify for the mortgage as well. I've personally been selling them for well over 20 years, so I have at least one who fits both criteria right now & know what it takes to get this type of transaction done. The price will be determined by current market comparable sales, condition, upgrades and whether 2BR or 3BR. All of which can be analyzed when I can come over for a look at your home. so please give me a call to schedule an appointment.

Pete Maimone
Gloria Zastko Realtors(R)
NJAR Distinguished Sales Award 1988-2011 & Quarter Century Club 1986-2012
cell: (732) 439-0472
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Fri Jul 12, 2013
Pete Maimone answered:
Legally if all contract contingencies are satisfied and finalized you can only serve him time of the essence which gives him an additional 10 days to close the home. Your attorney has to do that. If you mean that the buyer doesn't have the money by way of his mortgage contingency If there is one in the contract you cannot do it until that contingency is satisfied Or any other contingencies in the contract. The best person to ask for advice on this is your attorney. Good luck ... more
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Wed Jul 10, 2013
Laura Giannotta answered:
A seller's disclosure is usually filled out when the home is listed. Perhaps the water was not evident then. You can't blame it on the REALTOR, we are prohibited from assisting the seller in filling out a disclosure. A property disclosure is not mandatory in New Jersey. ... more
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Tue Jun 18, 2013
Angela Baskin answered:
Hi, thank you fir reaching out. I am very knowledgeable in this area and would like to do a buyers comparison report for you. It will entail current homes on the market as well as closed homes in that development. Please send me your contact information at or you can also reach me at 732-536-9010 ext 326 anytime.
Thank You,
Angela Baskin
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Tue May 14, 2013
Lyle Wolf answered:
What the others have said is correct. In addition, the filing of the Lis Pendens starts the foreclosure process. New Jersey has the second longest foreclosure process of all the states. Only New York State is longer. The minimum time period is 9 months from Lis Pendens to a foreclosure auction. Of course in this environment with: a) so many for the banks and courts to process and, b) the banks can't have too many foreclosures hit the market at any given time which would cause prices to crash, it can take 2 to 3 years. ... more
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