Another First Time Home Buyer Disaster
Please Dont Let This Happen to You
Janis Gagliardi, a real estate expert in Port Orange Florida, shared this DISASTER story of a First Time Buyer in her PortOrangeJuice.
Anyone, Anywhere in the country buying their first home should follow her advice:
€œWe searched and found a beautiful home for a young couple a few months back and successful negotiated and went under contract. The couple was pre approved by their lender and had provided the document to the...Continue Reading!
Wells Fargo is tightening the guidelines on a regular basis.
You may not be in a distressed area but the guidelines are much tighter then 6 months ago and far tighter versus a year ago.
Wells Fargo has increased the FICO requirement on jumbo loans from 620 to now a minimum score of 680. The max DTI went from 50% down to 45%. I know Wells Fargo is usually the front runner in jumbo pricing so if you are quoting a rate...Continue Reading!
Just came across this article from CNN:Money.com that helps to explain the subprime freeze plan on interest rates €“ it looks like the majority of the people out there in this situation may not qualify for the assistance they so desperately need.
Your buyers are sure to appreciate this insight
The new foreclosure prevention program may leave out most distressed subprime borrowers.
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For many Americans, the purchase of a home is the single largest investment they will ever make.
Home-ownership is an integral part of the American dream, yet like anything else, purchasing a home comes with certain risks. Homeowners insurance and flood insurance help protect you from loss or damage due to theft, fire, or acts of nature.
But what if your ownership itself was challenged?
Title insurance protects property owners or others with a financial interest (such as a mortgage lender) from loss...Continue Reading!
You just placed a bid on a home in NJ over $1,000,000, and the seller agreed to your price!!!
Did you know that you will owe the State of New Jersey 1% of the total purchase price for any property purchased with a sales price of $1,000,000 or higher?
Welcome to the NJ Buyer's Mansion Tax. The fee is paid to the County Clerk where the property is located. Both residential and commercial properties are impacted by this fee. (There are...Continue Reading!
OPEN HOUSE SUNDAY November 4th, 1€“4pm
Wow!!! Only $1,185,000
Over one acre and a half mile to the NYC train.
Twenty Minutes to Newark Airport. Great Schools.
Stirling, NJ. A great place to live.
Located on a quite cul-de-sac in the Autumn Crest section of Stirling, this spectacular 6900 sf * Colonial home boasts 16 rooms including 6 bdrms, 4 full baths, and 1 half-bath with an open floor plan, hardwood floors, crown moldings and tastefully appointed throughout. The expansive master suite plus 3...Continue Reading!
Hot New Jersey Real Estate Markets…Think LOCAL!
I just had to share a piece from Keller Williams Realty International:
TOP STORY: Gary Keller: The only market that matters is yours!
Last week on the Today Show, during a segment on the national real estate market, CNBC’s Jim Kramer uncompromisingly stated, “now is the absolute worst time to buy!”
Concerned that remarks such as these from so-called experts might be pushing potential buyers to the sidelines?
Here’s what Gary Keller, co-founder and chairman of Keller...Continue Reading!
Wow!!! I just received this letter from the Millburn Parent Teacher Organization (PTO) written by the Superintendent of Millburn Schools:
"Please see the letter I received from Dr. Brodow this morning. Congratulations to Dr. Niegel, Mr. Miron, Dr. Brodow and the entire faculty, staff and student body for all of their hard work."
€œIm pleased and proud to let you know that this morning the United States Dept. of Education has named Millburn High School a National Blue Ribbon School. The High...Continue Reading!
I love living in Short Hills, an area of Millburn Township. Not only did I grow up here, but I'm also raising my kids here. They are currently in Millburn High School.
Buyers new to the area are always asking me why the town is so great...here are the Top Ten reasons:
1. Commuting to NYC. You can be at Penn Station within 41 minutes on an Express Train from Short Hills or Millburn Train Stations on the Midtown Direct Train Line. Or, if you...Continue Reading!
"Perri was very reactive AND proactive. Clearly, she has an excellent grasp of the towns and counties she covers and went the extra mile to educate us on an area we were not entirely familiar with." Steve & Laura Lee