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08046 : Real Estate Advice

  • All25
  • Local Info4
  • Home Buying6
  • Home Selling4
  • Market Conditions1

Activity 37
Wed Sep 23, 2015
R. Eric Axelson answered:
Hi Patricia, first let me say that I am sorry for your loss. Why did the bank deny the short sale? Did they say you weren't a candidate because you made too much? Meaning, did they deny your hardship? Or did they simply deny the offer.

In any event, all you have to do is call your contact at the bank and have them move info the deed in lieu department (different than the short sale department).

Hope this helps.

Eric
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0 votes 6 answers Share Flag
Mon Apr 8, 2013
Deborah Madey answered:
Some of the legal proceedings on foreclosure cases are public. You can research the status of a case to find out if a complaint if filed, if a judgement is issued, or if a sale date is scheduled. You will not have access to mediation meetings, documents pertaining to loan modifications,, etc. As a tenant, you will be able to find out if there is a judgement and/or a sale date.

Here's an overview of the foreclosure process
http://www.judiciary.state.nj.us/civil/foreclosure/overview.html


Here is a link for renters who may hold leases on properties which are being foreclosed.
http://www.judiciary.state.nj.us/civil/foreclosure/renters.html
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0 votes 6 answers Share Flag
Tue Jan 15, 2013
R. Eric Axelson answered:
Hi Greg, it depends on how long ago and if you have paid it off, among other things. The first steps, in no particular order, are to decide on a Realtor and get preapproved by a mortgage banker.

If you would like the name of a good mortgage banker, please email, call or text.

I live and work in South Jersey.

Eric Axelson, Associate Broker
Kurfiss Sotheby's International Realty
856.979.5967 cell
axelson@kurfiss.com
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0 votes 4 answers Share Flag
Sun Jan 13, 2013
Beverly Ackles answered:
Hi Nelida,

Great question! In order for you to feel comfortable in any area/neighborhood, you should contact the local police. They will be able to give you information.

I also want to let you know that I sold 2 homes in Rittenhouse Park recently and my clients are very happy living there.

Should I be able to assist you in purchasing either this home or another in Rittenhouse Park, don't hesitate to contact me at 609.532.3974. Feel free to visit my website at www.findahomeinburlington.com.

Until then, Let the Hunt Begin!

Beverly Ackles
Keller Williams Realty
office: 609.654.5656
cell: 609.532.3974
www.findahomeinburlington.com
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0 votes 1 answer Share Flag
Thu Jan 10, 2013
Ines De La Cruz answered:
Hello Nelida,
Thanks for the question.
There are several variables on the mortgage payments. The interest rate will vary depending on what mortgage you qualify for and any program you may have the option to use too.
On a rule of thumb using an FHA loan with no allowances you need 3.5% as a downpayment and another 3.5% for closing costs. Sometimes an owner may pay some of the closing costs.
Some programs can give you up to 4% towards closing cost or/and downpayment.
Best thing is to talk to a loan officer to give you the actual numbers. Call William De La Torre, Wells Fargo Home Mortgage at 856-562-2286. He can run the numbers for you.
Good luck,
Ines De La Cruz, Realtor, ABR, CRS
RE/MAX Connection
To view all the homes in NJ visit www.inesdelacruz.com
609-313-8518 or inesdelacruz@remax.net
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0 votes 2 answers Share Flag
Fri Jan 4, 2013
Joyce Miller answered:
You may go to my website, www.joycegetsyouhome.com and click on Find a neighborhood, put in Willingboro and it will give you all info including crime statistics, Call me with any questions. 609-315-0659. Regards, Joyce ... more
0 votes 2 answers Share Flag
Fri Feb 28, 2014
Beverly Ackles answered:
Hello Ketlydelva from Snellville, GA,

You should contact the local police to get information from them regarding crime and safety in Willingboro or other towns should you be planning on moving. They will be able to assist you.

Once you have gotten peace of mind and are interested in moving to Willingboro or somewhere else, I would be available to assist you with your home search.

Beverly Ackles
Keller Williams Realty
609.532.3974
www.findahomeinburlington.com
... more
0 votes 3 answers Share Flag
Thu Nov 8, 2012
Don Lacy answered:
You'll need to provide more information about your particular situation such as how many payments you may be behind, what notices have you received etc..
0 votes 4 answers Share Flag
Thu Sep 27, 2012
Trevor Curran answered:
Good afternoon cmyersnola,

We see many credit reports with low credit scores (anything less than 620), and often many scores in the 500's. This is BAD credit. If you are one of the folks affected by this terrible economy, you have a low credit score and you have a dream of buying a home, here's some simple advice for you.


It is unlikely you could be approved for mortgage financing with that credit score at this time.


Beware of any mortgage professionals promising you an approval with such a low score. Wait on buying a home. I recommend you take the time to resolve your credit issues.

First, settle any outstanding debt. If you owe money on collection accounts, charge-offs and/or judgments, make payment arrangements and get these accounts paid promptly.

Next, begin rebuilding your credit. If you have current accounts with good payment histories, or even some previous late-payment-blemishes, make sure you continue to pay those accounts on time. If you do not have any existing credit accounts then you'll need to establish several in order to create a viable credit history.

I have found that CONSUMER ACTION is an excellent resource for objective advice on all things credit related. You'll find free and sincere advice on everything from settling collection accounts to rebuilding credit to building credit from scratch on their website.


Beware of anyone offering to "repair" your credit! The Federal Trade Commission issued a stern warning last year that such offers are scams.

The best way to buy a home is to have a decent credit history combined with sufficient Income and Assets for a home purchase.

The best way to have a decent credit history is to settle negative outstanding obligations and pay all your bills on time for at least two years.

Trevor Curran
NMLS #40140
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0 votes 1 answer Share Flag
Mon Sep 3, 2012
Ines De La Cruz answered:
Hello Hits5060,
Thank you for your question.
The property taxes in Willingboro are set up according to the square footage of property and others. Do you have a property in mind? I can tell you what the yearly taxes were in 2011.
Do you have a pool or not on the home?
Best Regards,
Ines De La Cruz, Realtor, ABR, CRS
RE/MAX Connection
www.inesdelacruz.com
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0 votes 1 answer Share Flag
Fri Jan 4, 2013
Joyce Miller answered:
Absolutely. Call me and I will set up an appointment to show you some. 609-315-0659. Regards, Joyce Miller,Weichert Moorestown
0 votes 1 answer Share Flag
Wed Jul 11, 2012
Laquita Baez answered:
Consult with a mortgage lender to discuss your financials. They will determine how much of a loan you may qualify for.
0 votes 6 answers Share Flag
Thu Jun 14, 2012
Ian A. Wolf answered:
I may be able to help you, I have been doing short sales for over 5 years and am pretty well versed in them. I would need to know a few things to determine how I could be of assistance. Please contact me or visit my website at njshortsalehelp.helpprogram.com so we can see If I can help. Depending on your situation there may even be a new loan program for you, but it will depend on some factors. Hopefully, I'll hear from you so I can help you. ... more
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Mon Jun 18, 2012
Damion Campbell answered:
Email my at dcampbell@amsmtg.com. I can give you a call in the morning to go over your credit profile and prequal you for mortgage
Thanks ,
Damion
0 votes 3 answers Share Flag
Thu May 24, 2012
Jessica Nooney answered:
Most lenders will require a credit score of at least 640, however there are a few who may allow scores as low as 620. If your score is lower than 620, you will have a hard time finding financing from traditional lenders. However, most lenders will work with you to determine what you can do to increase your credit. I would suggest you team up with a lender and come up with a plan of action to increase your credit score to put you in a better position for financing.

Best of luck!

Jessica Nooney
Weichert Realtors
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0 votes 5 answers Share Flag
Sat May 12, 2012
Paul Howard answered:
Sat Apr 21, 2012
Ines De La Cruz answered:
Hello Pedney1947,
Thank you for your question.
In Northampton Dr. Willingboro there has been 2 sales within the last 6 months. One sold for $144,500 and with $4000 towards buyers for concessions and the other sold for $159,000 and the seller gave to buyer $5000 on concessions.
In the Garfield Parks during the same period sales have being between $55,000 to $180,000. All this according to the style, terms and condition of the homes.
Hope this helps you. Let me know if you have any other questions.
Ines De La Cruz, Realtor ABR
RE/MAX Connection
inesdelacruz@remax.net
Text HOMES2u to 87778 to download my free home app in your smart phone.
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0 votes 4 answers Share Flag
Sat May 12, 2012
Ines De La Cruz answered:
Hello,
Thank you for the question.
26 Elmwood in currently under contract. It was available for sale at $165,900 and the closing is scheduled for March 23, 2012. We should know the actual sale price within a few days after that as soon as it is posted in the system.
Let me know if you need anything else.
Thanks,
Ines De La Cruz, Realtor, ABR
RE/MAX Connection
inesdelacruz@remax.net
... more
0 votes 3 answers Share Flag
Fri Mar 16, 2012
Alain Picard answered:
You can try to find a seller that will do owner financing which is when you will just make payments to them however they will probably want a decent down payment for this.
0 votes 7 answers Share Flag
Thu Feb 16, 2012
Daniel Alvarez answered:
If you don't need a mortgage and can pay all cash than I'm almost certain that the answer to this is YES you can. The investor just wants to liquidate this asset and move on. I don't think you're going to encounter any resistance on their part.

An easy way around any complications would be to start an LLC (this takes about 20 minutes and about 62 bucks to start one in NJ) and just buy it though this conduit, then transfer title back to yourself after closing and disolve the LLC.

Piece of cake.

PS: Is this property only being marketed to qualified low income borrowers or is this property open to all?

Please contact me anytime. I'm pretty sure i could find a way to get it back in your hands.

Best Regards,
... more
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