The Voice of Camden County Real Estate: Recent Comments

Comment on Is the Real Estate Market “MEDIA” Shark Bait?

2008-01-27T13:27:03Z

The power of the press has shaped our thoughts about this market and this is why a great Realtor and loan officer will properly advice their clients whether it is good for that particular buyer/seller in a particular geographic location to buy or sell a home, not ABC, NBC or CBS.

Comment on NON-LEAKING OIL TANK REMOVAL FOR NEW JERSEY RESIDENTS

2008-01-10T15:35:45Z

We have been instrumental in saving homeowners money by using this program. For 2007 we saved them over $300,000. We did this by walking the homeowner through the application process.

Also, the NJDEP has a grant for leaking tanks.

Go to our website to find out more. www.AskUsFirst.com

Comment on Camden County Real Estate News, Camden County, Gloucester County and Burlington County Information

2007-12-11T15:15:28Z

Hey! Great information. I am always on the lookout for such real">http://www.jasonhartman.com">real estate useful resources

Comment on New to REAL ESTATE Investing and looking to FLIP?

2007-12-06T20:53:20Z

flip no more

Comment on Tips on Buying a Home

2007-12-05T16:46:19Z

Great article!

Homebuyers may be interested to know that they can use a term life insurance policy in lieu of the lender's mortgage insurance. Term life is usually alot cheaper, and allows the homebuyer, not the lender, to name the beneficiary. Do some research online, or talk to your broker.

Thanks for the Comment!

Comment on First Time Home Buyers and Foreclosures….

2007-12-05T05:47:08Z

Thanks Dave for finally providing a "buyer beware" on foreclosures. I pretty much agree with your assessment. From a slightly different perspective as an rental property owner, I also think foreclosures now a days are much more difficult to make a buck on. And, I also agree that many of the ones that are cheap enough to do so are that "cheap" for a reason!

Your post prompted me to comment on a couple of other accounts. First, I also live in your area and see a similar picture. (Maybe it's a regional phenomenon or maybe not.) In any case, I just negotiated a foreclosure with a company that I felt was very difficult to deal with and withdrew the offer after getting contracts from them that were so one sided (their side, of course) that the only way to remedy the situation would be to totally rewrite them. The inspection period was only 7 days, the Sellers had sole discretion to pull out of the contracts AT ANY TIME prior to settlement for whatever reason and were not required to reimburse us for anything... and as in your situation, the list goes on and on. There was even a clause in there that if settlement was delayed AT ALL, there would be a $300 administrative fee charged to the buyers and a $100 per day penalty.

Buyers need to be aware of the pitfalls of foreclosures... not just the $$$ they see touted on every other real estate site. They also should see counsel on the contracts, etc. Foreclosures are a different animal then a traditional real estate transaction.

Thanks for a nice article.

Regards,
Steven Boorstein
The Landlord Business Insider Blog at http://howtobuyrentalproperty.blogspot.com
www.ManageRentalProperty.com
www.HowToBuyRentalProperty.com

Comment on First Time Home Buyers and Foreclosures….

2007-12-01T15:09:07Z

Thanks for the tips on buying foreclosed homes. The due diligence required to make money flipping houses this way has gotten much harder in recent years. Of course your mileage may vary.

taw

Comment on My First Blog-About Me!

2007-06-27T12:43:58Z

Hi Dave - Congrats on the new blogsite. Good luck with it!