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Millburn : Real Estate Advice

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  • Local Info2
  • Home Buying14
  • Home Selling0
  • Market Conditions1

Activity 27
Fri Jul 1, 2016
Angelica P answered:
Hi,

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

http://www.trulia.com/homes/New_Jersey/Millburn/sold/20603068-59-Maple-St-Millburn-NJ-07041


Thank you for using Trulia!

Angelica
Consumer Care Advocate
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0 votes 1 answer Share Flag
Sat Jul 11, 2015
Pogo.kathryn asked:
Are there town homes for rent/sale with an indoor pool (gated community) on the Midtown Direct line?
0 votes 0 Answers Share Flag
Wed Feb 26, 2014
adelmad answered:
I've lived in MIllburn for 10+years. Both Maplewood and Millburn are wonderful communities. Close to the city, well served by public transportation and somewhat diverse. Maplewood, Village, the town's center is charming and functional and I wish Millburn's Main street area had the same feeling and as many fun places to go.

But for me, and with taxes as high as they are in both communities, the superiority of Millburn's school system makes it an easy choice.
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0 votes 4 answers Share Flag
Thu Jan 9, 2014
Barbara Gruska, Tom Abella answered:
I do not now if you have resolved your commuting issue but here goes. I commuted for several years
from Flushing (bus and #7) and commuted 15 years from Millburn and there was basically no difference in time. In fact, the wear and tear on the body is a little easier from NJ because of the one stop nature, depending of course on what you need to do once you get to NYC. I would recommend that you buy in Millburn because renting is not a low-cost situation, moving can be expensive and the commute is not that different from Brooklyn (unless you only have to go 3-4 stops) to wall street.
The market now in 2014 is likely to pop again next month so I would approach it aggressively. Naturally, I would be happy to help you do it and also show you other towns that have similar commutes, schools that are close to that of Millburn and costs that are more attractive. I can show you the houses but YOU make the decisions.
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0 votes 5 answers Share Flag
Fri Oct 25, 2013
Mary Petti answered:
Sat Oct 12, 2013
Debra (Debbie) Rose answered:
Thu Oct 10, 2013
William Allen answered:
Please give me a call if you are looking for a great lender. 810-335-3503. Or you can send me an email at wallen@proficiomortgage.com and I can send you an inquiry form to get your paperwork started and try to get you pre qualified.

William Allen
Mortgage Banker
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0 votes 7 answers Share Flag
Mon Apr 22, 2013
Laquita Baez answered:
Hi prayerhuang,

Many homeowners find themselves in similar situations like yourself and ends up renting out their homes. I've never heard of a bank taking action against these homeowners.

There is a demand for rental homes in Millburn and Livingston. We are experiencing high traffic of renters but not enough housing inventory and rentals priced right are renting out within a couple days to a couple of weeks!

I am available to discuss your rental options further and view your home to come up with the best renting price possible.

Laquita Baez
Weichert Realtors
973.687.7095
lbaez@weichert.com
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0 votes 4 answers Share Flag
Sun Feb 24, 2013
Javier Meneses answered:
Hi Maria. If you have limited funds towards down payment, I would suggest against a interest-only loan. Out of all loans available to home-buyers today, FHA is the one that requires the least downpayment, which is 3.5%. FHA does not offer an interest-only option, just a fixed rate (which I recommend) and a variety of adjustable rates.

Meet face-to-face with a Loan Officer and allow him/her to review your credit and all necessary documentation, so they can determine how much you'll qualify for and go over what the downpayment will be and all other variables as well. Good luck!

Javier Meneses
Senior Loan Officer
NMLS #23130
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797
jmeneses@snb.com
(516) 740-4478
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4 votes 9 answers Share Flag
Sun Jan 13, 2013
Marsha Bowen Washington answered:
Hi Maggie,

Your request is quite feasible, since you are looking for a top ranked school district, property taxes tend to be higher in those towns. Feel free to send me your email address if I can assist you. I cover the Essex county towns you mentioned above in addition to some Morris county and Union towns.

Best regards,
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0 votes 7 answers Share Flag
Tue Feb 14, 2012
Gena Bolton answered:
The servicer of the loan does.....

A mortgage servicer is responsible for the day-to-day management of your mortgage loan account, including collecting and crediting your monthly loan payments, and handling your escrow account, if you have one. The servicer is who you contact if you have questions about your mortgage loan account.

If your loan is transferred to a new servicer, you generally get two notices: one from your current mortgage servicer; the other from the new servicer. In most cases, your current servicer must notify you at least 15 days before the effective date of the transfer, unless you received a written transfer notice at settlement.

The effective date is when the first mortgage payment is due at the new servicer’s address. The new servicer must notify you within 15 days after the effective date of the transfer.

Both notices must include: the name and address of the new servicer, the date the current servicer will stop accepting your mortgage payments, the date the new servicer will begin accepting your mortgage payments
telephone numbers (either toll-free or collect), for the current and new mortgage servicer, for information about the transfer.

There is a 60-day grace period after the transfer: during this time you cannot be charged a late fee if you mistakenly send your mortgage payment to the old servicer.

The FTC works to prevent fraudulent, deceptive and unfair business practices in the marketplace and to provide information to help consumers spot, stop and avoid them. To file a complaint or get free information on consumer issues, 1-877-FTC-HELP (1-877-382-4357)

Hope this helps,
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0 votes 2 answers Share Flag
Tue Jan 17, 2012
Np answered:
This brings to a very fundamental question

Is it ethical for lawyers to use their own firm to litigate their case.

Should home buyers/sellers need special protection in contract to cover this scenario. Put in contract that conter party covers all litigation costs if the other parts is a lawyer. ... more
0 votes 9 answers Share Flag
Tue Jan 17, 2012
Christopher Pagli answered:
Hi, For in-depth school reports you can visit www.schooldigger.com and www.greatschools.org.

Chris
0 votes 8 answers Share Flag
Fri Oct 7, 2011
Sally Grenier answered:
As an agent you should have all of your listings fed through an IDX feed that will get picked up by all the major real estate websites. Ask your managing broker about how to do this.
0 votes 2 answers Share Flag
Thu Feb 24, 2011
BG answered:
Leveraging , leveraging, and more leveraging .. up to 20 times and you all know how it all turned out with Banks. It works only when you are not the LAST one who is holding the bag.
0 votes 2 answers Share Flag
Fri Nov 19, 2010
Jeanne Feenick answered:
HI there, you are right that short sales may be few and far between but a data point in the MLS makes them easy to identify - "lender approval required" is meant to capture short sales and bank owned properties. I have noticed as it has been implemented that there's been some errors with agents misinterpreting it to mean "mortgage preapproval required'. But it is a good starting point. I'd be happy to send you that list as well as automatic updates to it.

I also have access to a great searching tool that puts the power of the search in your hands and allows you to save favorites, retain notes, receive automatic updates on your favorites, see school and demographic info and mapping - all helpful info but not often found in one place.

It is a good time given your goals to be looking - this time of year, homes - particularly those that are sitting and even more so those that are sitting and vacant, are possible bargains.

If you are interested, all I need is your email address to set you up.

Best,
Jeanne Feenick
Unwavering Commitment to Serivce
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1 vote 2 answers Share Flag
Thu Nov 18, 2010
Alex Silberman answered:
We've lived in Millburn for almost 16 years and we're on our third home in town.

Fixer upper is a relative term. Many of the homes in Millburn were built in the 30's, so whether they lend themselves to what you're looking for may or may not be what you have in mind. If they're dated and you're thinking of kitchens and bathrooms, that's one thing. If you're thinking of re-jiggering the flow, then that's a bit challenging with an eighty year old home.

Millburn is such a desirable community that there never is a glut of inventory, so whatever may be available now, won't be in a month. Generally speaking people move quickly for desirable homes (ones that need no work, or ones that are a great value because they do need work and people can personalize them).

People are often very motivated to get into the community so the best advice would be to start getting a sense of our architectural styles and what the 'value proposition' of each price point is so that when you are ready, you're can reach swiftly.

What we hear mostly from our clients moving into the area is how little think time they have. I suggest you let us drive you around and car window shop. This will be the best 90 minutes you'll send in your home search.
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0 votes 1 answer Share Flag
Tue Nov 9, 2010
Morrighu answered:
Given the crap tastic home market right now, you might find it financially advantageous to buy instead of rent. Things are very much in favor of the buyer but the market is just starting to turn and should be, IMHO, fairly recovered in 2 years when you'd be ready to sell. Just something to consider. ... more
0 votes 5 answers Share Flag
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