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Home Buying in Egg Harbor Township : Real Estate Advice

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  • Home Buying14
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Activity 22
Wed Jun 29, 2016
Dana Lindberg answered:
Some lenders accept 580 but needs another compensating factors. You should talk to a lender to get first-hand responses.






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Dana Lindberg
CFS Mortgage - http://www.cfs203k.com ... more
0 votes 12 answers Share Flag
Wed May 18, 2016
Teacher1 asked:
Sat Jul 11, 2015
My NC Homes Team answered:
Legally you can absolutely sell and buy another home but whether you can aford the larger you home that you want I could not say. You should speak with a local lender to see what you qualify for and then a local Realtor to find out what you might be looking at in terms of cost for the size home you'd like to have. ... more
0 votes 2 answers Share Flag
Tue Dec 30, 2014
Karen Oostdyk answered:
There are many homes on the market at a great price. The challenge is location and the amount of work the home needs. If you are willing to do some renovation work youself or hire a contractor there are many homes to consider. Get connected with a Realtor who is familiar with the area you are interested in and dont forget to look at homes that are being auctioned online. I have seen some homes that are almost move in ready that are bank owned. Also, get pre-qualified by a mortgage lender if you are planning to finance the home or be prepared to show proof of funds for cash deals, you will need that to submit an offer. Good luck! ... more
0 votes 5 answers Share Flag
Tue Dec 30, 2014
Karen Oostdyk answered:
Owner financing is when a homeowner owns a piece of property outright and is willing to contract directly with the buyer and act as a bank, usually charging interest which is ammoritized over the life of the loan. It is a option with caution on both sides and can be appealing for some sellers and buyers. ... more
0 votes 5 answers Share Flag
Tue Dec 30, 2014
Karen Oostdyk answered:
I was wondering, and it would be interesting to test it out...... if you make a request online and ask a personalized question or comment about the property, if you would get a quicker response from the Realtor. ... more
0 votes 3 answers Share Flag
Tue Dec 30, 2014
Karen Oostdyk answered:
It is my understanding that the River Resort is available to year round living with an addtiional lot rent for the winter months. There is a restriction stating the required use of a post office box for mail and children under 18 are not able to live there and attend school. ... more
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Thu May 22, 2014
Craig Bosse answered:
You don't have to wait.....

We have a portfolio "2nd Chance" loan that allows you to buy again just one day after Short-Sale or Foreclosure. You can only have one on your credit and you will need a 20% down-payment and 660 mid FICO score. Late payments acceptable.

This loan is available in - AZ, CA, CO, DC, FL, HI, IL, MD, MT, NV, NJ, NY, NC, OR, SC, VA, and WA . Loan amounts up to $4 million +
... more
0 votes 16 answers Share Flag
Wed Oct 2, 2013
Diane Glander answered:
To get out of the lease, you need your landlord's permission. Speak with him/her asap. Pay what you can and tell your landlord you cannot afford the apartment any longer. The sooner your landlord can find a new tenant, the better for you. You will be responsible for the rent until a new tenant comes along. If you do not pay your rent, you can be evicted for non payment. A landlord can file that eviction the day after your payment is due. And, although the courts in NJ really favor landlords, non-payment of rent is one of the easiest ways for a landlord to get an eviction order. ... more
0 votes 3 answers Share Flag
Sun Mar 17, 2013
Brenda Lee Zabriskie answered:
The dead line to file a tax return is April 1st. You can hire an appraiser for under $500 to come in and appraise your home for tax appeal purposes and they will help you with your paperwork to file for the appeal. If you know a Real Estate Agent, they can give you a market analysis of homes that have sold between January and October of 2012 and give you an idea of what your home is worth. But then you will have to fill out the paperwork on your own and come up with the values. The fastest and easiest way is to hire an appraiser because then all you have to do is attach the appraisal to the appeal papers. ... more
0 votes 7 answers Share Flag
Sat Dec 29, 2012
John Sacktig answered:
There is no percentage.

Do your due diligence on the area and see what homes have sold for to get an idea of what the appraisal will come in at; this will be around the reasonable sale number. You will also need to get an idea of what the outstanding mortgage is on the property. This will also affect the sale price of the home.

I wish people would realize that this is numbers to the bank. Realistic numbers, not the usual incorrect thought that the bank will just take anything. People, need to stop thinking that they see on the internet that someone in Montana bought a house for $13.00 from a bank foreclosure.
IT DOES NOT HAPPEN.

If you are realistic in your offer you stand a good chance of making a deal. You need to speak to an agent that understands the shortsale and foreclosure process, this joined with an attorney that understands the process will make for a successful transaction.

Do your due diligence and learn as much as you can about the house, the area and be smart. Your agent should be able to work with you to come up with a smart offer. That of course needs to be done in coordination with the seller’s agent that hopefully has explained the process to the seller.

But, I do submit silly offers to the bank though, usually it is not accepted and wastes the time and money of the buyer, but it will at least get an answer or idea of a real sale price of the property for the real buyer.
... more
1 vote 7 answers Share Flag
Wed Sep 5, 2012
pattig0714 asked:
Wed Jun 13, 2012
Joanne Bernardini answered:
Walking away from any contractor sale is tricky. Read your contract over thoroughly. Is a Short Sale Addendum included? Deadlines are critical and must be followed to the letter or the contract risks becoming invalid. Take a pencil and paper and make notes of all deadlines. An example would be ten days after the last signature on the contract. When was the last signature given, when is the ten day deadline?
Then look to see if there is any wording that says, something like" if buyer or seller has not ..... (fulfilled the required action) either buyer or seller may cancel the contract and all deposit money will be returned to the buyer with no further obligation." If you find something like this take your notes and your contract to a real estate lawyer and ask the best way to protect yourself. Remember you not only want out of the contract you want a return your deposit money. Of course the best time to consult a lawyer to review a contract is before you sign it, but they are the experts in helping you find a remedy. If it has only been a month, you may be just getting impatient. Remember short sales take a long time. If the bank has not received all the required documents it won't review the the package. Call the listing agent and try to get an update on where they are in the process. Good luck!
... more
0 votes 11 answers Share Flag
Mon Jun 11, 2012
Rajan Khullar answered:
Give me a call, so we can discuss how to pursue this property.

Prudential Fox and Roach Realtors
Rajan Khullar
609-816-7644
0 votes 1 answer Share Flag
Wed Jun 6, 2012
Lyle Wolf answered:
Unfortunately, there is no general timeline for a short sale. I have had them take as little as 6 weeks and in one case over a year. I usually tell my clients 2-6 months. Which bank it is seems to be less a factor in the timeline than the individual loss mitigator or other persons involved at the lender that are handling the file.

Most of the time the bank is the servicer (middleman) and not the owner/investor of the mortgage. That means additional time to locate/communicate back and forth with the investor. When the bank is the owner it usually goes faster.
... more
0 votes 13 answers Share Flag
Thu May 31, 2012
Joanne Bernardini answered:
Generally, when you work with a realtor, they have applied for the job of helping you sell your home. If you are not happy with their performance then fire them! First I would have a frank discussion with the agent. Tell them you are unhappy and why. Give them a little time to correct their behavior. IF they do not, write a detailed letter to their broker, explain your reasons for your dissatisfaction and that you have not had the agents cooperation in correcting the offending behavior. Be specific! Ask for a release from the listing contract.
It appears that you have followed most of those steps and the broker is trying to make things right by assigning a new agent to help. Print ads are not as effective as they were in days gone by, as we live in an internet driven market market. Most buyers begin their search on the internet months before going out with a realtor. A Brokers Open is worth the effort because it brings other real estate professionals from other companies into your home. They may have someone who would be interested.
I am surprised that after that, the dates and signs were mixed up, but errors do happen.
If you are still this unhappy ask for the release from your contract. Understand that if anyone who saw it during their contract buys it you will still owe a commission to them. Make sure the details are explicitly
spelled out in the release.
... more
0 votes 14 answers Share Flag
Thu May 31, 2012
Joanne Bernardini answered:
You can qualify for an FHA Mortgage with a credit score of 580.
For a very informative website with LOTS of information, please go to

http://www.mortgage-requirements.com/
0 votes 6 answers Share Flag
Wed May 30, 2012
Joanne Bernardini answered:
Crawl spaces can be tricky! If not done properly moisture will be trapped and create mold and rotting wood. It also can become a breeding ground for wood eating insects. If you are trying to decide whether or not to purchase this home based on the crawl space you really need to get the advice of a professional home inspector who can look at the specific property and advise you what remediations are required to avoid all of these problems. Better to do this before you go to settlement.

I will be happy to recommend an excellent home inspector who can help you with this.
Joanne Bernardini
Coldwell Banker- Casa Bella Realtors
609-947-2451
... more
0 votes 3 answers Share Flag
Wed Apr 11, 2012
Rajan Khullar answered:
Hi
Give me a call so we can discuss the mortgage note holder. 609-816-7644
0 votes 3 answers Share Flag
Sun Mar 28, 2010
Linda B. Conner answered:
Hi... I see your post was from back in November, but if you have not yet decided on a location and if you are still looking for an answer regarding the number of listings... I can give you some local insight. EHT is in fact a large area, however in addition it has had a large growth spurt of new homes over the last several years. Many people have sold their smaller starter homes and moved into new home communities such as Ivan's Walk or one of the many Paperone homes. With so much new construction many of the re-sale homes stay on the market and people continue to list homes because of family changes, jobs, desire to more up... so the numbers are high... yes, you are correct that the taxes are on the high side in EHT as well, but the families that want to be in EHT do not seem to be deterred from the area do to taxes. If you havent settled on EHT you may want to consider Mays Landing. Best of luck to you! Linda ... more
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