Diane Kaplan

Over the past several months, I have been talking to homeowners who are facing foreclosure and am hearing the same thing over and over again.  Homeowners who are in desperate need of a loan modification or some assistance due to loss of income or disability, etc. have been given the run around by servicing companies.  These servicing  companies do not even own the loan but are just acting as go betweens to collect the payments for the original lender.  For example, FannieMae uses Chase Home Finance LLC to service most of their loans.  If a homeowner defaults on a mortgage payment, Chase contacts the homeowner and initiates foreclosure proceedings.  But the question is “who really owns the loan?”.  Ask your lender to PRODUCE THE NOTE”.  If you are being sued by your lender ask the question “where is the NOTE”.  The video below is a perfect place for homeowners in trouble to start.

Loan modifications are not working out for troubled homeowners the way President Obama intended.  Instead,  servicers are refusing to follow simple and clear cut guidelines that the government has put in place for government backed loan modifications.  For further information or help with saving your home contact me.

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Travelling along Ocean Avenue from Sea Bright  through Long Branch NJ there is an array of condominium complexes affording views of the Atlantic Ocean.  Some have close up and direct ocean views while others have views that are more distant.  Each complex is unique in its design, location, price range and amenities and this is reflected in the sales price.  There is a condo for every buyer looking to be close to the ocean but, of course, price is still the driving force to buying the perfect place.

Consider maintenance fees, for example, some of the buildings require high maintenance fees (as high as over $1,000 a month) while others have lower maintenance fees but do not offer all amenities that one might be looking for.  The Oceanpointe condominiums located at 422 Ocean Blvd. in Long Branch NJ have low maintenance fees and offer fabulous views of the ocean.  The units are parallel to the Atlantic Ocean and all the units have views.  The higher the floor the better the views.

Seven Presidents Park is located directly across the street from the Oceanpointe Condominiums and Pier Village and Ursula Place is one block away.  Also you will find that the GSP and Monmouth Race Track are only about 10 minutes away. For more information on the Oceanpointe Condominiums, please contact me - I save my clients time “SAVE TIME ONLINE!”

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An extension to the popular First Time Home Buyer Tax Credit has been put in place – to take advantage of this tax credit buyer must be under contract by end of April 2010 and close the sale on or before end of June 2010.  this extension has given a positive boost to home sales.

The First Time Home Buyer Tax Credit of up to $8,000 is for home buyers who sign sales agreements by the end of April, and close by the end of June. Additionally, this tax credit has been expanded to reach repeat buyers who have owned their current homes for at least five years  - these current home owners can take advantage of a reduced credit of up to $6,500.  For more information on the First Time Home Buyer Tax Credit click here.

I have noticed an increase in listings coming through reported “pending” – especially, in the price range of $200,000 to $300,000.  Interest rates remain at an all time low and as the available inventory of homes for sale diminishes, the prices of homes will rise.  The old rule of  ”supply and demand” is still key.

For current update reports of closed sales in your area, please contact me.  I specialize in saving my clients time – SAVE TIME ONLINE!

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