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Newark : Real Estate Advice

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  • Home Buying128
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Activity 433
Wed Oct 28, 2015
Scott Godzyk answered:
If you have are listed and not yet undrer contract, ask for a full release in writing, if you are under contract, check with a lawyer to review your contracts
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Sat Oct 10, 2015
thinz answered:
Yes there is a way...the biggest obstacle for most folks is their own commitment to staying on course with improving their credit vs going back to past spending habits that got you into trouble.
FICO is a predictive score based on your past credit history that helps creditors understand how good a credit risk you would be. Low score/high risk 300 to high score low/risk 850. A good score would be 700 or higher....although credit could be extended with a score below 700. Where is your FICO currently? That will determine how aggressive to be with your credit restoration... If you want specific steps to try to take email me direct at thinz @apexgroupus.com and put CREDIT HELP in the subject line. Tom Hinz www.shortsaletosell.com
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Wed Aug 26, 2015
thinz answered:
Most likely yes if you are selling homes you do not own....and if you are buying/selling homes you own, then you fall into the "dealer" category which could have IRS implications.
Tom HInz www.shortsaletosell.com ... more
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Sun Jul 19, 2015
Tinkerbellonthebeach asked:
My wife is a us citizen and i have an ead and valid ssn. We are looking to buy our first home, however my wife doesn't work. My income is good enough to afford a home. Both our credits…
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Thu Jul 16, 2015
thinz answered:
As long as you will put the time in to make sure everything is being done on schedule with inspections and renovation work, you won't need a consultant. Problem is most folks underestimate what the work involves. Need to monitor at least 2x per week minimum to keep the momentum going.
Keep focused! Tom Hinz www.shortsaletosell.com
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Thu Jul 16, 2015
thinz answered:
If you have questions regarding these Guidelines, please contact Jerry Anderson, by email at Jerry.R.Anderson@hud.gov, or by phone at 202-402-3198, or contact the respective Project Manager at the Multifamily Hub/Program Center.

Good luck. Tom Hinz www.shortsaletosell.com
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Thu Jul 16, 2015
thinz answered:
I would get the word out to some agents in the locations where you'd like to rent. If you are not in the country, then email them and ask them to send you some rentals to review.
Tom Hinz www.shortsaletosell.com ... more
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Wed Jul 15, 2015
thinz answered:
Here is the contact info...I woul
d try contacting the asset manager for the home you are interested in.
http://www.reorealestate.net/deutsche-bank-reo-properties/10018

Here is another link to try searching as well for the home...
http://deutschebankreo.com/contact-info-deutsche-bank-reo-department

Much of this information can be found quicker on your own vs calling an agent given the stage this property is in...I would get as much info as possible from the asset manager handling this reo.
Good luck. Tom Hinz www.shortsaletosell.com
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Wed Jul 15, 2015
thinz answered:
I would contact Ocwen Loan Servicing who foreclosed.
Below is the link on the property info...
http://cleveland.blockshopper.com/property/43306030/4751_brookwood_drive

Here is the contact page for Ocwen REOs... http://www.ocwen.com/reo

Good luck. Tom Hinz www.shortsaletosell.com
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Wed Jul 15, 2015
thinz answered:
Yes you should have been mailed foreclosure papers...no sooner than 3 months after being in arrears and anytime after that usually within 6 months time. Any money you sent in was likely applied to the arrearages and will not be returned. You should consult with a foreclosure attorney on the issue with not getting the papers. If you moved around during the time period there's a chance the docs were sent to an old address. Did you call the lender to ask when they were mailed and get a copy for your records?

Tom Hinz www.shortsaletosell.com
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Tue Jul 14, 2015
thinz answered:
If you're looking to buy in the short term, you may be limited depending on your credit score. I would pull your credit and check to see what your fico score is, and what is showing up that you could clear with explanation letters to the credit agencies.
If you're looking to buy in 1-2 years, I would suggest taking some short term secured loans that you can pay off on time. This will help your score recover to further improve your loan options for buying.
The reason I'm suggesting you do this is to make sure your spending habits that may have got you in trouble with your credit are moving in the right direction. If you just rely on a loan officer that will paint a rosy picture that you can still get a loan without making sure your spending habits/priorities are in the right place, you may find yourself in over your head again and then be facing foreclosure if you default. You need to commit to making this work for yourself. A home purchase is likely your biggest purchase so you want to be sure you are not in over your head! Good luck in your journey!
Tom Hinz www.shortsaletosell.com
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Tue Jul 14, 2015
thinz answered:
The suggestion by Ibrahim is good and should be followed...if you have a good professional team - i.e. a management company if renting after fixing, or an agent to resell, etc, I would ask them before you spend a dime to email you pictures of the interior and exterior...along with a ballpark projection of the rent ready/resale costs for repairs and improvements. I've saved a lot of time by checking out the pictures and doing my own evaluation for improvements in addition to what the contractor provides...and sometimes, my evaluation prevents me from spending the money to have a contractor tell me the job is going to be costly and maybe not give me the return I'm looking for.

Also - I would always try to have a title search done on a home to make sure there are no outstanding liens that have not been cleared. This is a common problem especially with foreclosures that have had liens over 5 years old. Good luck! Tom Hinz www.shortsaletosell.com
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Tue Jul 14, 2015
thinz answered:
I would either stop by the school and check out their bulletin board posting for rentals...or just call the school and ask for the rental referrals, or go on the Star Ledger website classifieds to see what's posted. Good Luck. Tom Hinz www.shortsaletosell.com ... more
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Mon May 4, 2015
Flossie Bonaparte asked:
This question was asked from http://www.trulia.com/rental-community/9000072057/Cambridge-Gardens-343-Schley-St-Newark-NJ-07112/
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Fri Apr 17, 2015
Ibrahim Hughes answered:
Hi. This property is showing up in official tax records as being owned by the City of Newark via tax foreclosure. I will have to research this a bit further to let you know if that changed as sometimes these are given back to the original owner post tax foreclosure. I'll update this next week if you're still interested in information on this property. Let me know. ... more
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Thu Apr 9, 2015
Sarida Freeman answered:
use to live on Kerrigan by mount Vernon ave"ivy hill"section ofcourse theres crime but compared to Newark as a whole very low
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Mon Mar 23, 2015
Sal Kolenovic answered:
I Have a Unit available if your still looking in woodbridge nj07095 call 908-773-0839
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