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New Jersey : Real Estate Advice

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Activity 18,688
Sun Apr 16, 2017
Debra (Debbie) Rose answered:
Why might an agent ask for other opinions?
There are a number of reasons - many of which have already been stated below.

One main reason is very simple - this business, RE, is not an exact science.
We use "comparable sales", and a number of other criteria when arriving at a recommended list price, BUT....there is still a part of this process that is based on experience, knowledge of the area and , yes, hunch!
Getting some input from other respected agents can add to the big picture.

If your agent suggested doing this, don't hold it against him or her - nothing wrong with seeing what other local professionals may think!!

Best wishes....
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Sun Apr 16, 2017
Mack.brown answered:
yes looking for this size for me and my wife need to move soon house being sold and need the extra room for the grand kids.
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Sun Apr 16, 2017
Arnold answered:
I would only suggest Forest Hill because it is the neighborhood in Newark with the least crime!
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Fri Apr 14, 2017
Billaustin117 asked:
Fri Apr 14, 2017
Jensinger asked:
Thu Apr 13, 2017
Kamran.vaziri asked:
I listed our house for rent on Trulia around the beginning of April. We have now rented it and need to take the listing down, but I can't seem to do that. It is not listed under my…
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Thu Apr 13, 2017
Mary answered:
Hi,

I have emailed you regarding this concern.

Thank you for using Trulia!

Mary
Consumer Care Advocate
0 votes 1 answer Share Flag
Thu Apr 13, 2017
Marritha41 answered:
I would like to know can you buy a house while we are on Section 8
0 votes 22 answers Share Flag
Wed Apr 12, 2017
Margery Kessler asked:
I am selling my house and I want to make sure my listing gets attention. Can I pay for advertising?
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Wed Apr 12, 2017
Lord.bud answered:
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Tue Apr 11, 2017
JCMck answered:
IT IS OUR UNDERSTANDING THAT THIS IS AN ISSUE WITH MANY CONDOS WHEN THE MANAGEMENT TRANSFERS TO THE HOA. BASICALLY THE WARRANTY EXPIRES. IN HOBOKEN, AT THE TOLL/MAXWELL BUILDINGS IN HOBOKEN THEY SEEM TO BE HAVING THIS ISSUE. FROM WHAT WE HAVE HEARD MANY LENDERS WILL NOT DO MORTGAGES BECAUSE OF FEAR OF THE LITIGATION. SOME WILL BUT THEY ARE MUCH MORE EXPENSIVE AND HAVE TOUGHER BORROWER STANDARDS AND THE LOANS TAKE MUCH MORE TIME. ITHIS HAS THE EFFCT OF REDUCING DEMAND IN THE BUILDING AND IT BEGS THE QUESTION WHY THE HOA FILED LAWSUITS AND LEFT THE OWNERS IN THIS MESS- IT AFFECTS THE RESALE ABILITY. SOME THINK IT MIGHT BE BECAUSE THERE IS SOME TYPE OF MAJOR PROBLEM, BUT THE HOA WILL NOT GIVE INFO ON IT. IT COULD GET WORSE FOR US AS A NEW BUILDING IS OPENING IN THE NEIGHBORHOOD SHORTLY AND IT WILL DIRECTLY COMPETE. WHEN HOAS DO THIS IT MAKES ONE THINK ABOUT THEIR OVERALL JUDGEMENT AND WHETHER THE FINANCES MAKE SENSE- WHY WOULD THEY FILE A LAWSUIT AND INCUR THE EXPENSE IF THEY HAD PROPER RESERVES ON THE BOOKS? ... more
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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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Mon Apr 10, 2017
Michelle asked:
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