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Rockaway : Real Estate Advice

  • All27
  • Local Info2
  • Home Buying5
  • Home Selling2
  • Market Conditions2

Activity 30
Thu May 5, 2016
JAnon asked:
Here's our scenario. Currently renting a home that was foreclosed and is now Fannie Mae property, managed by outside company. Upon takeover, we were granted a term-lease, which will end…
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Sat May 16, 2015
Randy Stoker answered:
Trulia does not support For Sale By Owner listings. All listings on Trulia are generated by the listing Real estate agent; Trulia scans the MLS data base and posts that information to their web site. If you have your home listed through a licensed Realtor then your listing should appear on Trulia within 72 hours after going live in the MLS system ... more
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Sat May 16, 2015
Randy Stoker answered:
Trulia does not support For Sale By Owner listings. All listings on Trulia are generated by the listing Real estate agent; Trulia scans the MLS data base and posts that information to their web site. If you have your home listed through a licensed Realtor then your listing should appear on Trulia within 72 hours after going live in the MLS system ... more
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Tue Aug 19, 2014
Suzanne MacDowell answered:
Not sure what lender you are using but mine has their own team of FHA people, inspector, contractors, etc. Ask the lender to provide the name of the people they work with. I bought my home with an FHA 203K loan. I used Matthew Smetana in Sparta for the architect. He was very good and quite reasonable. ... more
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Fri Mar 28, 2014
Sanjeev Ahuja answered:
If you buy a house that requires extensive repairs then most likely the appraisal report will indicate repairs that must be completed before closing can take place. In such cases you should seek 203K financing or FNMA homepath financing to start with as these loans offer a one closing solution where you get mortgage money to buy and renovate. If the house you are buying only has cosmetic work with no required work mentioned in the appraisal report then you could buy with the normal loan and have a contractor finance the work. Many contractors in your area will probably offer this but you should do extensive checking with the consumer affairs department before hiring one. Contractor will most certainly put a mechanics lien on your house until the loan that he extends is paid off.
Good Luck!
... more
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Tue Jan 21, 2014
Michael Van Cleve answered:
The crime rate low enough as to really not being a factor. That is one of the reasons why buyers come to this area. This is true for most of Morris County.
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Wed Dec 18, 2013
D answered:
I may have a 2 bedroom/3 bath townhouse with 2 car garage available April 1st, 2014
let me know
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Sun Aug 11, 2013
Christopher Nelson answered:
Matt, not only do you need a good real estate agent, but you need a real estate agent that understands how a short sale works. More importantly, an agent that can not only find you the short sale, but close the deal. As a Realtor specializing in foreclosures and short sales I have found a major disconnect in the ability for a majority of agents to get a short sale closed. Many listing agents take listings that will never close because they don't understand the process. This can be avoided by teaming with a buyer's agent that will quickly identify problem transactions and keep you out of lengthy transactions that will not end up successful. Many of the comments in this post refer to the frustration level that often stems from doing a short sale. Again, that can be avoided by working with properly trained people. I would encourage you consider working with a Realtor that holds a CDPE Designation (Certified Distressed Property Expert). You can visit the website and search for top notch short sale agents that truly understand this unique aspect of real estate. I wish you the best in your venture. Feel free to contact me in the event you need further assistance. My team also services NJ.

Chris Nelson
RE/MAX SERVICES
National REO Broker Association (NRBA) Member
REOMAC Member
REOBroker.com Member
Certified Distressed Property Expert (CDPE)
Platinum Equator & RES.NET Certified
794 Penllyn Pike, Ste. 120
Blue Bell, Pa 19422
215.641.2500 Main
215.641.2542 Fax
484.576.7430 Cell*
... more
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Thu Aug 8, 2013
Suzanne MacDowell answered:
You may be able to work out something with the town to allow you to close on the house, however, the cess pool will still have to be replaced with a septic system in the fairly near future. ... more
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Wed Jul 10, 2013
Susan Wadleigh answered:
Hi, Proud to live and work in Rockaway. Top of the list, Im a Mom and live here ( 3rd generation ) and my children have been highly successful in the public school system, schools are highly ranked. There is also private schools to consider as well. My real estate office in Rockaway, so if you ever need a tour around and personal pros and cons, give me a call. 973-386-9900. Sue ... more
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Tue Jun 18, 2013
Susan Fishman answered:
Rockaway Twp uses 2 high schools, 1 middle school, and 4 elementary schools. The main difference in elementary schools is CA Dwyer was built as a proto type open styled school. The classrooms do not have the standard walls and doors, but instead are separated by dividers. This type of school is styled after European schools and is set up to enhance a childs concentration. Morris Knolls High School is Denville and parts of Rockaway Twp. Morris Hills High School is Rockaway Boro, Wharton, and parts of Rockaway Twp including the White Meadow Lake section. ... more
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Tue Jun 18, 2013
Andrew Tisellano answered:
What state are your properties in ? Check with a mortgage brokers that can shop around for a programs that might suit you.
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Thu Mar 21, 2013
Gary Nagurka answered:
Nancy Wagner
Real Estate Attorney
139 East Main Street
Rockaway, NJ 07866
Office: (973) 627-5459
Fax: (973) 627-0038
NRWagner@optonline.net
0 votes 10 answers Share Flag
Mon Dec 17, 2012
Keith Jean-Pierre answered:
Good afternoon:

Unfortunately many of the people affected by Sandy were in non-flood zones at the time of the storm and as a result did not require flood insurance. People in the state of NJ with a current mortgage that reside in a flood zone are required to have flood insurance. Many of the homes damaged by our shore line were from the original owners that did not have a mortgage any longer on the property and no longer needed to carry flood insurance. Also in this state I have heard from numerous customers that it is very hard to obtain flood insurance without having a mortgage on the property.

Sincerely,

Keith Jean-Pierre
Re/Max First Realty
Direct: (848) 391-6428
www.KeithJeanPierre.com
... more
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Mon Nov 26, 2012
Michelle Norton answered:
Thats a great question! The real estate brokerage provides the marketing tools, which are all pretty much the same, mainly internet marketing. The real estate agent is the one that will be providing the service to you. Choosing a realtor that has the local market knowledge, has worked as a full time realtor in the area is someone that you are comfortable working with. Real estate commission are likely important to you also, I am my own Broker and can provide you with great service as well as competitive rates. ... more
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Tue Jul 24, 2012
Gullcottage117 answered:
I have a perfect home for you. gullcottage117@yahoo.com
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Sun Apr 1, 2012
Lyle Wolf answered:
For the 8 homes sold in the last 3 months in White Meadow Lake the average selling price per square foot was $155. This is based on the square footage for these homes as stated in the Morris County Tax data base. My experience is that the size numbers are not always reliable. Unlike many other states New Jersey homes are not usually compared or sold based on a price per square foot. The variations in homes and their size measurement work against this. This is especially true in White Meadow Lake where almost no two homes are alike.

If you want to understant the price and market dynamics in White Meadow Lake call me at 973-563-9722. I am a long time White Meadow Lake resident and along with my wife and son currently market and have sold many homes here for top dollar.
... more
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Mon Mar 26, 2012
Corey Grushin answered:
Allan if you are going to finance the purchase the bank you use may require you to obyain a CO before you can close. Some lending institutions won't close on a standard FHA or Conventional loan without a permanent CO, so in order to do so they would require you do a 203K loan to close. Let me know if you have any further questions. ... more
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Mon Mar 26, 2012
Corey Grushin answered:
Hamza you don't need to have three credit scores to buy a home. When three score are available most banks will use your middle score for you loan determination. If you have a least two that is okay as well. When only two scores are available we will use the lower of the scores for your loan determination.
It's even possible to get a FHA loan with no credit scores with my firm. The documentation is much greater and the loan would have to be manually underwritten and require a second signature by senior mgmt.
... more
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