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Westville : Real Estate Advice

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  • Home Buying2
  • Home Selling1
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Activity 8
Mon Nov 28, 2016
Joan Broglin asked:
Tue Jan 26, 2016
thinz answered:
Not sure based on the unknown purchase price...but it may be that you will be stretched above your $$940 limit for a reasonable condo with 2 bedrooms. I would not purchase a one bedroom even if you could make the payment...I believe you will lose more money in that type of deal.
Provide more info for a better answer. I'd default to renting and trying to save more money for a better quality purchase in the next 2-5 years....Good luck. Tom Hinz www.shortsaletosell.com
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Wed May 7, 2014
Karl Kinkler answered:
Landlords that rent without getting the proper inspections run the risk of heavy fines for renting without a certificate of occupancy, if the municipality requires it from landlords. Your best option is to call the municipal office and ask someone in the housing office. If you live in a building that has more than three rental units (residential) then they must comply with state law and are subject to periodic state inspections, regardless of the municipality location. This can be checked by contacting the NJ Department of Community Affairs. ... more
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Thu Nov 28, 2013
Paul Howard answered:
Did you ask your real estate agent this question. They should be able to find out.
Market rates did not jump like that in July - everything else being equal. Is everything else equal?
Did you do something to increase your risk profile?

Your "mortgage guy" must have given an explanation - what was it?
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Sat Jul 2, 2011
. answered:
Chrystal,
You have received good advise here. I have several good mortgage contacts as well that would be happy to review your situation and discuss your options. You would be a great client for any Realtor. Too many prospective homeowners Want to find their "perfect" home, then look at finance options. You are very smart to explore qualifying for a mortgage 1st. If you complete that step it also makes you a stronger buyer in the eyes of a seller. So continue to check into qualifying and I'm here to help if you want me to do so. ... more
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Fri Oct 15, 2010
Kenneth Verbeyst answered:
check with local housing department as this varys. It may take into consideration square footage vs number of bedrooms or other factors (sex or age of children etc). It is locally controlled though. good luck. ... more
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Thu Feb 11, 2010
Mary Petti answered:
Refinancing does not qualify you. Basically, you have to BUY a new home after having lived in your current one for at least 5 years of the last 8, and the new home nust become your primary residence. ... more
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Sat Jan 23, 2010
Joe Montenigro answered:
Hi Kyle,
After foreclosure, the person doesn't own it anymore so they have to move out.... so it depends on the question you're asking... 1. how long are they legally enttitled to stay? zero days... 2. How long before they are legally kicked out? roughly 30-90 days or longer depending on many variables.... too many to get into here.

A short sale is not a foreclosure and homeowner would move out willing at the time of closing when the sell it to the buyer.

I hope that's helpful... if so, click the "thumbs up" below,

Joe
---------------------------------
Joe Montenigro REMAX Home Team
Broker, GRI (856)374-2800 x106
Serving Gloucester Twp & Southern NJ
Read my Blog at http://hometeamNJ.com
Meet me at www.facebook.com/JoeMontenigro
See my virtual tours at http://hometeamnj.com/?page_id=364
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