New Jersey is not New York City. Neither is Bergen County NYC. Because so many of us see it as the same area, mistakes happen. When this involves your mortgage, results are often disastrous. New Jersey is not New York City Bergen County is in New Jersey. We’re the northeast corner of NJ immediately across the Hudson river from NYC. Above Manhattan is Westchester and to our north is…
Posts Tagged: bank appraisal
Buying the Money Pit – #10 of 10 Articles on First Time Home Buyer Mistakes
Buying the Money Pit Buying the money pit is easy when you’re too emotional about a home purchase. Home buyers can do this because no one buys a house they hate. You find a home you love and go after it. Notice the language I just used. It is very telling. You look at houses but you buy a home. This is not only the biggest financial purchase most of us…
Real Estate Appraisal Rules Have Changed….Uh Oh
Real estate appraisal rules have changed in major ways. The changes are a response to the financial crisis. It’s an effort to avoid issues in the future that created havoc. When the Home Valuation Code of Conduct went into effect by Fannie Mae and Freddie Mac on May 1st, appraisal protocols for mortgage loans changed. To protect consumers, loan officers, mortgage brokers and real estate agents can no longer choose appraisers….
