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Pompton Lakes : Real Estate Advice

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  • Local Info1
  • Home Buying4
  • Home Selling0
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Activity 12
Sun Jun 19, 2016
Cmoscatel asked:
being bought by the government in a federal flood buy our program. The purchase will be a short sale because our home has decreased in value so drastically in the ten years we have owned.…
0 votes 0 Answers Share Flag
Fri Jul 10, 2015
Sammohanty answered:
No, No, No,
It is in the Ramapo reserve extension and up in the mountains.
0 votes 3 answers Share Flag
Mon Jan 19, 2015
mike answered:
It is a slow freight line by NYSW. Rail Traffic is sporadic. Some days you may have 3-4 trains anywhere in length from 10 cars to 50 cars. Other times, you may not see (or hear) anything for a few days. ... more
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Fri Jan 10, 2014
Franklin Marquez answered:
Call Mr. Remmill Valenzuela. He is a professional Loan Originator... tell him your situation and he will give you the answer! Tell him that Franklin Marquez send you and he will take care of you call him now 201-736-1373 ... more
0 votes 2 answers Share Flag
Thu Dec 6, 2012
Kim answered:
Joan,
Thanks for your response. I interviewed 4 agents and finally picked one. So far it has been slow but I have been told that the whole Pompton Lakes area has been slow because of plume and Dupont issues. I am fortunate not to be in the Plume area but it's just the negative publicity that will be tough to overcome. Anyway thanks for your input. Now I hope we can just sell it!

Kim
... more
0 votes 16 answers Share Flag
Mon Aug 20, 2012
Maria Salvanto answered:
It really depends on location with Pompton Lakes. The Dawes Highway area has been hit horifically ever since the dam was finished in 2006. The closer to the river the worse it is, your safe about 6-7 blocks up from the bridge/river. ... more
1 vote 1 answer Share Flag
Mon Aug 20, 2012
Andrew Tisellano answered:
Hi

Rent is income after your expenses but you can still qualify for a loan if you have a lease on your current property

Check out my Blog about FHA Tony can help you

or contact me and I'll send you a list of 3 lenders that you can choose from. ... more
0 votes 2 answers Share Flag
Wed Jun 22, 2011
Suzanne MacDowell answered:
What do you mean by water issues? If you mean flooding, the best way to find out is to look at the Army Corps of Engineers' flood zone maps. You may be able to find out also from a homeowners' insurance company. If it's in a flood zone they will require flood insurance so they should have access to the maps in order to decide whether or not that type of insurance is needed.

Good Luck, let me know how that goes or if I can offer you any other help.
... more
0 votes 1 answer Share Flag
Sat May 7, 2011
Catherine Lawton answered:
Hi Christy,
Pompton Lakes has many houses for sale that require flood insurance. Fema.gov is a website you can try to use, but it is difficult to navigate. The best way is to call the listing agent or another Realtor who is familiar with the area. In most cases, we would know just by the address. Good luck! ... more
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Fri Nov 12, 2010
Corey Grushin answered:
Stephanie my apologies for the earlier answer, here are guidelines I found from Fannie Mae regarding property eligibility.
Environmental Hazards: Eligible Properties
Fannie Mae purchases or securitizes mortgage loans secured by properties affected by environmental hazards if:
- the effect of the hazard is measurable through an analysis of comparable market data as of the effective date of the appraisal, and
- the appraiser reflects in the appraisal report any adverse effect that the hazard has on the value and marketability of the subject property or indicates that the comparable market data reveals no buyer resistance to the hazard.
Environmental Hazards: Ineligible Properties
In rare situations, a particular environmental hazard may have a significant effect on the value of the subject property, although the actual effect is not measurable because the hazard is so serious or so recently discovered that an appraiser cannot arrive at a reliable opinion of market value because there is no comparable market data; such as sales, contract sales, or active listings available to reflect the effect of the hazard.
In such cases, the mortgage will not be eligible for delivery to Fannie Mae
... more
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