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Home Buying in Atlantic Highlands : Real Estate Advice

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  • Local Info2
  • Home Buying5
  • Home Selling0
  • Market Conditions0

Activity 7
Mon Sep 9, 2013
Sarah Pomphrey answered:
You should contact a tax appeal attorney who specializes in tax appeals. Many of them only charge a percentage of the savings only if an appeal is granted. Experience has shown you don't want to go through the process without one. Good Luck! ... more
0 votes 6 answers Share Flag
Mon Jul 22, 2013
Leonard Dunikoski answered:
Yes, they do.

Currently five (5) homes are listed for sale on Ocean Avenue and two (2) more are Under Contract.

6 of the 7 homes have natural gas.

Leonard “Len” Dunikoski, GRI
REALTOR® Associate
Diane Turton Realtors – Rumson Office
8 West River Road
Rumson, NJ 07760

(732) 239-0739 (cell) (732) 530-6686 (office)
... more
0 votes 5 answers Share Flag
Mon Jun 10, 2013
Mack McCoy answered:
Actually, Marc, it is totally correct - both ways. The buyer also pays for the seller's transfer taxes and pays off their mortgage, but we don't approach the matter as if the buyer can negotiate a savings on those transfer taxes or on the mortgage (except, of course, on a short sale).

Personally, I find the "sell-and-buy" client to be more pleasant, but to take up much more time and effort, than two separate transactions.
... more
0 votes 10 answers Share Flag
Fri Aug 24, 2012
Joe Cordova answered:
There are a few banks out there doing 80/10%, but the bank I work for offers a single premium PMI, which you would be eligible for even if you have an existing fha mortgage. This PMI is not paid monthly and gets rolled into your mortgage provided you are putting 10% down. Below is a video on how it can save you money. Best of luck to you! Feel free to reach out to me through my profile to discuss this and other lender paid PMI options.

Joseph S. Cordova NMLS# 146855
Evesham Mortgage, LLC
22 South Maple Avenue
Marlton, NJ 08053
office: (856) 985-9944 ext. 103
direct fax: (206) 333-0946
cell: (856) 304-2381
... more
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Tue Jun 28, 2011
Francesca Patrizio answered:

One can analyize on on overall basis, but one also needs to consider the conditon of the home, as well as the number of foreclosures/short sales in the area that compare to the subject property.. While one may see a home sell for say $200k, another may sell for $300k and that may be due to the condition.

Frankly, there is no exact science to this market..

Francesca Patrizio, Broker Sales Associates, ePro, SRES
732.606.2931 (direct/24/7)
... more
0 votes 2 answers Share Flag
Fri Aug 20, 2010
This property is located in the beautiful town of Atlantic Highlands. Its in the heart of town and was a great local spot. From a bussness point of view it has ferry trafic and is part of a great down town. I've been there many times and is a great space as stated in previuse answer I live in Atlantic Highlands if you need any local info call me 718 986 0474 ... more
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Tue Mar 24, 2009
Corey Grushin answered:
Thomas you don't provide enough information to answer the question because the amount of the escrow held is based on the date you close. Property taxes are collected quarterly Feb. 1, May 1, August 1 & November 1.
Say you were to close today the closing statement would say collect 5 months of property taxes for escrow (No credit back from the seller) because your first mortgage payment wouldn't be due til May 1 (with a grace period to May 15, taxes due are for April, May & June). The mortgage company would send out the property tax payment (3 months) in April (prior to the due date) leaving them 2 months of reserves.

Say you were to close two weeks from today (April 7) the closing statement would say collect 2 months of property taxes for escrow (but you would probably get a small credit back from the seller as well, a week of taxes) because your first mortgage payment wouldn't be due til June 1 (with a grace period to June 15). The mortgage company would send out the property tax payment (3 months) in July (prior to the due date, taxes due are for July, August & September) leaving them 1.25 months of reserves.

The amount of escrow collected at closing can not exceed a certain limit per RESPA regulations. That amount is influenced by the amount of prepays that are collected (interim interest as well). So Thomas there is no exact answer, so since it's better to figure high than low I suggest calculate 5 months of tax escrow and hopefully you will be pleasantly surprised.
... more
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