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Passaic : Real Estate Advice

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  • Local Info3
  • Home Buying11
  • Home Selling0
  • Market Conditions1

Activity 24
Sun May 15, 2016
Bronagh asked:
Mon Dec 21, 2015
EVELYN answered:
Doris, are you the owner? and how much is the rent for a studio, and what includes?
0 votes 3 answers Share Flag
Fri Sep 19, 2014
Ronald Shaffery answered:
Hi John,


Is it a foreclosure auction or a tax sale. ? Be aware that the tax auctions have a generous time period for the owner after the sale.

I've been to a couple of foreclosure auctions and I want to tell you that 90% of the time the bank that held the mortgage buys the house. Most of these homes have been foreclosed on, the bank is not going to let someone come in and buy the house for less than what they are owed. Occasionally you might get into a bidding war with the bank but then you have to consider, if it could have been sold for more than the amount owed, why did it get to this point.

I have never been to one in Passaic but this has been my experience in other counties in the state. Good luck on your future purchase.
... more
0 votes 2 answers Share Flag
Fri Oct 18, 2013
Andrew Tisellano answered:
Presidential Towers is a great alternative 2 blocks away that has all the amenities and lower fees.
0 votes 5 answers Share Flag
Thu Oct 17, 2013
Alexsandra Jarquin answered:
Hello,

Your taxes are do every 1st of the following months: February, May, August & November.

As far as I am aware there are no particular laws as to how much a lender can calculate to collect taxes. What happens is that a tax search might not show what the next quarter taxes are so they rather over estimate and collect the money upfront then to chase the borrower after closing for the shortage. The title company will make the check to the town and usually when there is an overage a credit will be given to your escrow account. If the title company didn't send payment out yet then they will need to refund you the difference. Your bill and mortgage statement should be coming shortly if it has been 45 days. Giving them time to sell your loan to the secondary market. ... more
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Tue Jul 23, 2013
Edith Rodriguez answered:
Sun Mar 17, 2013
Peter J Rogers answered:
Under no circumstances would I consider providing comps from another town. For the CMA to be of any use at all the comps have to be from the same town (even the same neighborhood). the same style of property and things like the same number of bedroom etc
Really if it were me I would consider why I was using this person and find someone who is competent
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0 votes 4 answers Share Flag
Sun Mar 17, 2013
Brenda Lee Zabriskie answered:
Hi Teteny,

You do not need any proof to make an offer on a home. You just want to make sure you have been prequalified for the amount of the offer. A market analysis just gives you an idea of what homes are selling for in the area. Go with what you are feeling the home is worth and make that offer. The Seller is either going to counter offer, accept the offer, or let you know the offer is too low and they do not want to counter and would like you to come back with a higher offer.

I do work in Passaic County, so please feel free to contact me on my cell at 973-219-8824 if you have any other questions.

Brenda Zabriskie
EXIT Towne & Country Realty
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0 votes 6 answers Share Flag
Tue Mar 5, 2013
Andrew Tisellano answered:
Contact me if you have not found a house yet. I have a couple you may be interested in.
0 votes 7 answers Share Flag
Wed Jan 23, 2013
Giloni613 answered:
Nice townhouse units on Boulevard between Passaic and Pennington Ave. 3 stories. 2 bedrooms on 3rd Floor with main bathroom and master bathroom. 2nd Floor. Nice Kitchen and living room/dining room combo and half bath. 1st Floor. Garage and Utility Room with half bath that can be used as a guest room/office and possibly a 3rd bedroom.

Most importantly. Safe
... more
0 votes 2 answers Share Flag
Fri Oct 26, 2012
Hugo W Meza answered:
Wed Oct 24, 2012
Andrew Tisellano answered:
Hi Mis Ridley

I have 2 homes on the market that fit that criteria. They do need work
IN that price range it will be a home that need lots of repairs or very small rooms.

I do have a beautiful one for $299,000

please contact so that i may assist you further
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0 votes 1 answer Share Flag
Wed Oct 24, 2012
Andrew Tisellano answered:
I have a client that is doing a no money down with a VA loan

you can put as little as 3.5% down with an FHA loan and borrow the closing costs

check with a my mortgage rep he has some other programs for you too

Bond Street Mortgage
Craig Andrulli or Alex Peralta
Mortgage Advisor
NMLS# 386365
Bond Street Mortgage LLC
NMLS#191351
95 Route 17 South
Suite 302
Paramus, NJ 07652
Direct Line: (201) 560-4218
Fax: (201) 282-5017
Cell: (201) 400-9367
craig@bondstreetloans.com
... more
0 votes 3 answers Share Flag
Thu Aug 2, 2012
Andrew Tisellano answered:
$900 to $1200 depending on condition and what is included
0 votes 1 answer Share Flag
Wed Apr 4, 2012
Vered asked:
hi
what will be a reasonable rent?
what do you know about the neighborhood?
how much is the tax?
thanks
0 votes 0 Answers Share Flag
Tue Mar 13, 2012
Don Tepper answered:
You were perfectly happy to agree to that condition when you signed the agreement with the agent. Now that you have a tenant, your mood has changed. If you read the agreement and signed it of your own free will, that's what you've agreed to.

You certainly can ask to renegotiate that provision, but the agent has every right to decline to do so.

If you wish to pursue it further, check with a lawyer.
... more
0 votes 5 answers Share Flag
Thu Apr 7, 2011
Linda Beam answered:
How "poor" is your credit? In order to qualify for a mortgage, the lender looks at your income, job stability, your assets, your debt and Credit Worthines - no single element.

I suggest you speak to a reputable lender. Bring current paystubs and recent income tax return with proof of assets, if any.

If you need asistance with credit repair or have any questions, please call or email me.

Linda Beam
Associate Broker
SI Premiere Properties
347-620-8447
lindabeamhomes@gmail.com
... more
0 votes 6 answers Share Flag
Tue Apr 5, 2011
Suzanne MacDowell answered:
And I would like to correct the previous post, in New Jersey all real estate commissions, including rental commissions, are negotiable. While it is true that, in most instances, the tenant will be asked to pay the commission on a rental, that is negotiable and you can always ask the landlord to pay the whole or part of the commission. And the landlord has the right to say "no", still you will never know if you don't ask.

Definitely contact a local realtor and find a good attorney who can ensure your rights to purchase a rental property are completely protected in the lease/purchase agreement.

The best places to find rent to buy opportunities are the same places you would look to purchase any property, including Trulia, the local Multiple Listing Service and Realtor.com. In this market, I would ask landlords if they would entertain such an arrangement whether or not it is offered outright. Many owners today are renting because the market is depressed and they simply want to wait until it improves to sell. Therefore, many will consider rent to own situations whether or not they thought of it themselves.

Good Luck and feel free to contact me here through Trulia if I can be of further assistance.

Suzanne
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0 votes 3 answers Share Flag
Thu Mar 17, 2011
Kenneth Verbeyst answered:
loopnet is typically commercial properties. If this is your property, did you offer compensation? If the realtor involved is a listing agent for a property you plan to rent they likely then are protected by their listing agreement. We may be able to assist better if you can give much more background information. ... more
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