Short Sales Explained

Posted by & filed under Buying.

Short sales explained in a terrific new book. Inman News is the leading source of news for the real estate industry.  I receive it’s news updates twice daily and this afternoon  there was a book review on a new book that I thought would be of great use to any home owner who is thinking of selling… Read more »

Beware of Short Sale Fraud

Posted by & filed under Selling.

Beware of short sale fraud.  This is a growing problem in the short sale market. There is a new thief who preys upon homeowners who must put their home on the market as a short sale. Simply put, a short sale occurs when a homeowner can no longer pay his mortgage, has no other assets… Read more »

Fannie Mae and Freddie Mac Are Easing Jumbo Mortgage Terms

Posted by & filed under Buying, Selling.

Fannie Mae and Freddie Mac buy mortgages which means that they guarantee them. Without the backing of Fannie and Freddie, mortgage lenders have to find other investors to sell their mortgage loans to and those investors charge more so interest rates are higher. Fannie and Freddie backed mortgages are called conforming; the others are called… Read more »

The Spring Market is Accelerating

Posted by & filed under Buying.

The spring market for homes in Bergen County really feels like it’s accelerating.  Let’s check it out and see what’s truly happening. Since the beginning of March the housing market for homes in Bergen County has really picked up.  Because  we are now nearly through April, I thought that I would take a look at the… Read more »