James Lockard - Bergen County Real Estate Blog
Happenings and news and events about Allendale real estate and Bergen County Homes in general. Find interesting facts and items about Allendale as well as Allendale Real Estate Market Conditions.
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2010
Allendale Real Estate Market Conditions Below are the market statistics for Allendale residential homes from the New Jersey MLS system for the period 1/1/2010 through 10/31/2010. Listing Status Total Average ListPrice Average SoldPrice Sale Price/List Price* Sold 58 $ 797,500 $ 74...
10/31/2010
Ridgewood NJ - Yesterday's post talked about how banks lose money when they turn down short sale offers. A recent study by Boston Consulting Group showed that a lender will net 20% more money on a short sale versus a foreclosure. Discover how other sellers successfully did a short sale and reques...
10/30/2010
Ridgewood NJ I cant process this short sale without the TPS form filled out with the sellers full name, the short sale negotiator told him. But, based on my calculations, this short sale will help your company avoid a $17,000 loss, he replied. So, youre telling me that unless I can get you the TP...
10/28/2010
Bergen County NJ I read an interesting book that was written by a former real estate agent. The author, Robert Ringer, talked about persistence and how it helps you be successful. He told a story about phoning a call center. Discover how other sellers successfully did a short sale and request a f...
10/27/2010
Ridgewood NJ - Many people ask if they should do a deed-in-lieu of foreclosure and give their house back to their lender. A deed-in-lieu does have its benefits. Lenders like them because they speed up the foreclosure. Discover how other sellers successfully did a short sale and request a free con...
10/26/2010
Ridgewood NJ - We recently talked to another agent about her short sale listing. (Some of the details have been changed to hide their identity) She had been working on this short sale for 6-8 months with no success. The original buyer offered 265k for the house. Discover how other sellers success...
10/25/2010
Ridgewood NJ - Some homeowners have watched the value of their home be cut by 30-50%. They paid 700k for a house that is now worth 400k. They want a principle reduction, but the lender won't agree to it. Discover how other sellers successfully did a short sale and request a free consultation by ...
10/20/2010
Ridgewood NJ - I recently saw an amusing video about loan modifications. In it the guy called Wells Fargo "Hells Fargo." Apparently it is tough to get a loan modification. They lose your paperwork. You have to talk to people in other countries where English IS NOT their first language. The peopl...
10/19/2010
Ridgewood NJ - It is very stressful to be upside down and facing foreclosure. You are worrying about everything. You find yourself thinking, "When is the bank going to kick me out?"How will I pay back that huge debt?" "When will I ever be able to stop worrying about money?""I remember when I did...
10/18/2010
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Ridgewood NJ - I recently talked to a homeowner in foreclosure. She had heard of the short sale option. But, someone had told her that short sales are tough. They told her, "Banks never accept short sale offers. You are wasting your time if you try one." As a result, she never researched her opti...
10/14/2010
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James Lockard
Realtor, Allendale, NJ