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Featured Home of the day

August 29, 2008 | Leave a Comment

807 Willis Terr. Roselle Park, New Jersey
This young three bedroom Bi-level style home has curb appeal A++ with its large bow windows, glamorous wood floors , recessed lights , neat Landscaping and refreshing above the ground pool. It is an ideal home with an independent first floor and may be used as a mother & daugther home. It is nested in a quiet neighborhood, yet the location has the amenity of walking distance to train station and bus stop. It is just 15mins. to Newark airport and has access to all major roads within minutes. Come see this lovely space that has been pleasantly upgraded and is waiting for the right buyer to call it HOME.

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Two nice homes for sale in Union NJ close to NYC transportation

August 29, 2008 | Leave a Comment

to see the full information and address for this two fine homes for sale in Union NJ, just click on the link bellow and click on the top right side where it says “MEDIA” for more picture.

http://newmls.gsmls.com/public/show_public_report_rpt.do?report=client2up&Id=37472423_22245

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Foreclosure Prevention Program

August 29, 2008 | Leave a Comment

Are you facing difficulties to pay your mortgage?

Are you late in your monthly mortgage for more than two month?

Are you are afraid to lose your house to foreclosure?

Has the court served you with foreclosure papers?

Are you being threatened with eviction from your home?

There is a way out, a process called “short sale” where we can negotiate the debt of your house and sell it for less than you owe to the bank, we also could said that the bank forgives part of your debt.

Nobody can ever guarantee that the bank will grant you a short sale but a large number of home owners have already benefited from the process.

If you would like more information just call us today, for a free confidential interview in how to prevent the foreclosure in your home.

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HOW TO BUY A FORECLOSURE

August 29, 2008 | Leave a Comment

What to Expect when Buying a foreclosed Home?

In general, if you are buying a bank owned or foreclosure house you are paying below the fair market value, the banks usually sell their properties with a deep discount.

The process is a little different than buying from a home owner that is why it is a good idea to have a realtor that is experienced in selling bank owned properties to guide you through.

All foreclosed homes are sold strict as is condition meaning the buyer is also responsible for obtaining the city’s inspection and any repair the city may require to be done before closing, these repairs are usually small thing such as smoke detectors, rail handles, broken windows, and many times the city will give a temporary certificate allowing for the buyer to do the repairs after the closing, You should do some research before hand to learn as much as possible about the home you are considering to buy and maybe even have a professional home inspection done up front.

Any one considering to purchase a bank owned or foreclosure home need to have the finance aspect resolved before making an offer because the banks are not very patient and a are very strict with time line of the transaction, you must remember, the person making decisions on the bank’ behalf is usually an employee that does not care whether the property sells or not and usually have guide lines and time tables to follow.

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First Time Homebuyer Federal Credit

August 26, 2008 | Leave a Comment

With the recently signed Housing and Economic recovery Act of 2008 the congress has created a temporary Federal income tax credit to provide an incentive for first time home buyers.

The credit is for 10% of the home purchase for a maximum of $7,500 and some restriction apply, of course.

Ex. If the house price is $100,000 the tax credit is of $7,500  if the price of the house is 200,000 the credit is $7,500 but if the price is $60,000 the credit is 10% of it $6,000

The credit is to be paid back without interest in equal installments of 6,67% of the total amount for 15 years.

First time home buyers with income of more than $95,000 for (single) or 170,000 joint return are not eligible for this tax credit return.

The tax credit is actualy an interest free loan agaist the individul tax return that need to be paid back in a 15 years time.  Ex. If an individual tax liability for the year is $5,000 and if his or her tax credit is $7,500 then  the individual will receive $2,500

A professional tax advisor should be consulted for more information, exact calculations and elegibility.

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