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Home Buying in Bayville : Real Estate Advice

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  • Local Info6
  • Home Buying18
  • Home Selling0
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Activity 23
Thu May 12, 2016
Raceway240 asked:
0 votes 0 Answers Share Flag
Sat Jan 25, 2014
Janet Larsen answered:
Pls contact me on my cell tomorrow. A cash offer requires more then just stating its cash. I will give you the details and can assist with presenting the offer. Thanks.
0 votes 2 answers Share Flag
Thu Jul 25, 2013
Ronald Shaffery answered:
Hello,

By car Bayville is about 10 minutes south of Toms River. If you are crossing the river by boat you can get there even quicker. They do have some nice new construction right now , and at great prices. The town does have some neighborhoods that have been around for 40-50 years. Many great property opportunities whether you are looking for new construction, waterfront , or established neighborhoods.
Homes and taxes are both more reasonable than Toms River and other towns to the north. You really should plan a trip down here to see what we have to offer.
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0 votes 1 answer Share Flag
Tue Mar 19, 2013
aanne answered:
A pity the others on this site so defensive instead of offering a well-reasoned response. I grew up in Bayville, there are elements of bigotry there as much as anywhere else in the country. Suspect some prejudice, but also suspect that there are many reasonable individuals you see beyond color, ethnicity, creed as well. Good luck! ... more
0 votes 4 answers Share Flag
Sun Feb 24, 2013
Crystal Ridge Owner answered:
I worked with Team Stevens & Manley and it was the best decision I ever made. They help me sell my house in Cotuit and I was able to buy another home. The closing was seamless. I could of not done this without the help of this fantastic team!!! ... more
1 vote 20 answers Share Flag
Thu Aug 23, 2012
Tim Moore answered:
It will do you no good to know who the lien holder is. They don't own the house and therefor they can not sell it to you. The owner still owns it and the lien holder or mortgage company will only deal with them or their agent. Knowing the lien holder is not going to get you anywhere and they won't even speak with you. ... more
0 votes 5 answers Share Flag
Tue Jul 17, 2012
Diane Maffei answered:
Please give me a call at 732-804-7642 or e-mail me at Diane@SellShoreHomes.com so we can discuss your criteria for a home in Bayville. Is your property in Forked River currently on the market or are you renting? The majority of my listings and sales over the years have been in Bayville so I know the area quite well. I would love to assist you...Diane Maffei, Veltri Realtors ... more
0 votes 3 answers Share Flag
Mon Jul 2, 2012
Diane Glander answered:
I recommend all my buyers get a tank sweep. It's just too costly to repair if there is one and it has leaked. Hoffmans in Neptune is very reasonable and easy to work with.
0 votes 4 answers Share Flag
Tue Jul 5, 2011
Ronald Shaffery answered:
I checked the tax records on this property , it has the same owner since 1998 and they don't owe very much on the house. If you would like to pursue other options to see if the owner is willing to sell, let me know. Thanks and good luck, Ron ... more
0 votes 1 answer Share Flag
Sat Mar 26, 2011
Jeanne Feenick answered:
This is most definitely a question your attorney can - and should - address. If you are under contract and performing under the terms of the contract, you may have a good case.

Good luck to you,
Jeanne Feenick
Unwavering Commtiment to Serivce
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0 votes 8 answers Share Flag
Thu Mar 24, 2011
Sergio Hernandez answered:
If the property you made an offer on was properly priced and your offer was below its true value, you clearly made an unacceptable offer to the owner.

What type of market we're in, is irrelavent, if the property is priced right.

Now, if the property was priced higher than its true value and your offer was within a price the market would support, you're likely dealing with an unmotivated owner.
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0 votes 13 answers Share Flag
Thu Mar 10, 2011
allan erps,ABR,SFR answered:
Tue Oct 5, 2010
Mary Petti answered:
I assume you mean "short sale"...which is a misnomer. The process may or may not be short at all.
The short refers to the fact that the seller owes more money than they can sell the house for, therefore the payoff to the bank on closing will be "short" funds.

Briefly the process goes as follows:
1) the seller (or their agent) sends the bank a signed contract of sale and tons of paperwork, including a letter from the seller requesting approval of a short sale and the reason why the seller is requesting one (called a hardship letter)
2) bank reviews the contract and paperwork. They sends someone out to do what's called a BPO (broker price opinion) to determine the actual fair market value of the house. WIthout a good agent on the sellers side prodding the bank, this can take months. The bank eventually reviews the BPO and then will either accept, reject or counter-offer the offer price. Again, without constant contact with the bank this can take time too.
3) Once the sales price/contract is approved, typically the bank gives the buyers 45 days from approval to close the house.
Cash deals can close faster because there is no need to obtain a mortgage, but the bank will not accept a sale contingency (i.e.: you need to sell your house to use the proceded to buy a short sale house)

Bear in mind that a short sale is usually an as is sale, so it's on the buyer to pay for an inspection, but don't expect the bank or the seller to do any major repairs.
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0 votes 6 answers Share Flag
Thu Sep 2, 2010
Diane Glander answered:
Short sales rarely close on time. But, once the bank decides to close, you'd better be ready! Just one of the joys of short sales.
Hopefully, in your contract or in your attorney review period, your attorney put a date in whereby if the bank has not accepted your offer and set the closing date you can pull out of the transaction and get your money back.
If neither your agent nor your attorney protected you in that matter, you should find new ones to work with should you decide to pursue another short sale.
As far as what you can and can't do, only your attorney can advise you. If there is no provision, you are probably stuck and at the mercy of the bank until they set the closing date--which could be months from now! If you breach the contract, you could possibly lose your down payment. Something only your attorney knows.
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0 votes 6 answers Share Flag
Fri Aug 6, 2010
Robin Silverberg answered:
Kenny, please follow up with us to let us know what happened. Was the USDA loan a problem to get? Underwriting is going to be the same no matter what. I have done loans for people who are in various trades and work like your husband is. It might be a good idea to do the loan when he is working, for anyone looking at this question now.
USDA loans are not really done in the areas that I work in, but does anyone know if banks received their funding again for USDA?
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0 votes 5 answers Share Flag
Wed Jun 23, 2010
Nancy Gray answered:
Hello Sandy. To the best of my knowledge this property is available.
0 votes 4 answers Share Flag
Fri Apr 23, 2010
Robert Suarez answered:
Any agent would be able to help you find short sale properties.
My advice is find an agent familiar with short sales. Also an agent you are comfortable with.Short sales can be a long drawn out process so you better feel confident about your agent's abilities. ... more
0 votes 7 answers Share Flag
Fri Aug 21, 2009
John Sacktig answered:
Hi Justene,

I have to agree with Bill and Lori here.
First of all your question is a little ambiguous and we need some clarification.

Point blank, Who are you in the transaction? If you are a buyer making an offer and the sellers agent is requestion financil information, sounds to me that you have not supplied either a pre approval or given the sellers anything of substance to prove that you can purchase this house.

The sellers agent may be acting on the instructions of the seller. But it depends on how it was done and what was asked for from your mortgage rep.

Maybe the agent called and said.. Hey Joe Mortgage guy, can this person actually buy this house?.. -or- was the conversation more like, Hi, I am the Realtor representing the seller of the home Justene would like to purchase, we would like a detailed copy of the past three years financial statements and tax returns for Justene, also include a recent credit report detailing all debt associated with Justene and her family.

Two different conversations.
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