Archive for June, 2010
HOA’s: What You Need To Know About Rules
Lobbying for change in your homeowners association’s rules requires procedure, compromise and perhaps joining the board.
This Month In Real Estate June 2010
NJ Tax Credit for 2010
If you are not aware of it yet, New Jersey Assembly passed a tax credit bill in May for new homeowners. New homeowners purchasing a home in 2010 will be eligible for a tax credit worth either $15,000.00 or 5% of the purchase price, whichever is less. This will be spread over a 3 year [...]
Bank of America Relief Program
Bank of America announced that it is going to forgive the principle on loans originally financed from Countrywide under specific lending programs. In order to qualify for this program, you have to have missed 2 payments and owe 20% or more than your home is currently worth. It will be interesting to see how long [...]
How to Eliminate Mold from Your Home
A mold remediation will typically take a few days, depending on how extensive the mold growth is. Image: QuicDry If you’ve found mold growing in your home, what you should do next depends on where you find it and how much there is. But eliminate mold promptly, because delay can mean an expensive repair that [...]
Keep Your Home Sale from Falling Apart
If something falls apart before a home sells, the sellers are responsible for fixing it. Image: Alex Wilson/Getty Images Finding a buyer for your home is just the first step on the homeselling path. Tread carefully in the weeks ahead because if you make one of these common seller mistakes, your deal may not close. [...]
6 Tips for Buying a Home in a Short Sale
When sellers need to sell their home for less than they owe on their mortgage, they’re shooting for a short sale. Short sale homes can sometimes be bargains, but only if you do your homework, stay patient, and remain unemotional during the sometimes lengthy and difficult short sale process. Here are six tips for protecting [...]
5 Tips for Buyng a Foreclosure
1. Choose a foreclosure sale expert 2. Be ready for complications 3. Work with your agent to set a price 4. Get your financing in order 5. Expect an as-is sale
