James Lockard - Bergen County Real Estate Blog

Ridgewood NJ - Some agents hate short sales. Why? Because they don't understand them. So, don't believe them when they tell you that short sales are impossible. I will explain what causes their problems in today's post. There are two things you must understand if you are doing short sales. They a...

Ridgewood NJ - It always amazes me when I hear the stories of agents who talk about horrible short sales are. "Don't waste your time on a short sale", they tell homeowners. "They are a waste of time. The lenders won't approve them and the process is horrible. The last short sale I worked on took ...

The US Environmental Protection Agency (EPA) has new lead paint laws that went into affect in April 2010. The new law requires any renovation work performed on houses built before 1978 to be performed by a certified contractor. Obviously this new law is causing some serious moans and groans from ...

Ridgewood NJ - According to the Philadelphia Inquirer [1], Patrick Rodgers of West Philadelphia was able to "file a foreclosure action against Wells Fargo. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. I bet there are a lot of homeowners facing fo...

Ridgewood NJ - If you are a homeowner, then the housing crisis has decimated the equity in your home. Many families have watched years of hard work spent building their equity go down the drain. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. But, t...

Did you know only 75% of the Revenue generated by the town is from tax dollars?   And where does all town money go? Below are some pie charts posted on the Allendale Website which show these statistics for 2010.     I find it interesting that the town receives only 9% of total revenue from the st...

Ridgewood NJ - Short Sales can be tough. Many buyers don't understand the process and think that since it is a buyer's market, then they set the rules. That's not the case. You, the seller set the rules. After all, you still own the property. But, more importantly, you must set the rules for off...

Ridgewood NJ - Some buyers think that since it is a buyer's market, then they can make any crazy demand of a seller. And they can't understand when the seller isn't excited by their lowball offer. Here is an example of a recent story where this happened. A buyer makes an offer on a short sale. D...

Ridgewood NJ - If you have been reading about short sales, then you have probably heard the term "BPO" and wondered what it meant. BPO stands for Broker's Price Opinion. A Broker's Price Opinion is when a licensed real estate agent gives their opinion of the value of a property. That value is wh...

Very good article written by Dan Steward, President of Pillar To Post Professional Home Inspections. The Case-Shiller Index is one of the country's most popular ways of measuring the movement of home prices. And in its latest rating, which went out in late December, the verdict was: Prices are do...