James Lockard - Bergen County Real Estate Blog

Bergen County NJ – Most homeowners negotiating a loan modification are not amazing negotiators. After all, it’s not every American’s job to be a great negotiator. America is built on hard work and treating people fair. Most stores offer products at a good, fair price. The price is the price. If ...

Bergen County NJ – The Stop Foreclosure Institute recently received a question from Kristine. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Here was Kristine’s Question. “I bought a condo in 2005 and have never been late on a payment. My husband a...

  Home Buyers and Sellers Prefer RE/MAX RE/MAX Ranks Highest in Customer Satisfaction in 2011 J.D. Power & Associates Study   DENVER, CO – Results from the J.D. Power and Associates 2011 Home Buyer/Seller Study, recognize RE/MAX for providing the highest overall consumer satisfaction for both hom...

Bergen County NJ – Once the lenders have solid data in place to find and measure the problem, then solid decisions can be made to fix the problems. Our last blog post detailed how to get that data. Once you have the data, then you can have accountability. Here are a few things we know should be h...

Bergen County NJ – The first step in fixing the flawed short sale process is to acknowledge what the problem is. We can agreed that the problem is that the lenders and investors are losing billions on defaulted loans. In addition, American Homeowners are losing billions on declining home values ...

Bergen County NJ – On our last blog post, we ran some numbers on why a short sale reduces a lender’s losses by 20% compared to a foreclosure. Today I am going to add all the numbers together. That way we can see exactly how much this lender lost by not accepting the short sale. Click here to dis...

The Allendale Real Estate market is holding steady over the past months. Here are the statistics from the New Jersey MLS system for Allendale single family residence for period 7/1/2011 - 7/31/2011.   Listing Status        Total        Total List/ Sale Dollars  Average ListPrice Average SoldPrice...

Bergen County NJ – We throw around the statistic that a short sale reduces a lender’s losses by 20% compared to a foreclosure. However, I am sure that there are many people who find that hard to believe. So today I am going to give you a breakdown of exactly why it happens. Click here to discove...

Bergen County NJ – The Stop Foreclosure Institute recently received a question from Jonathan. Here was his question. “I am looking to buy a short sale. The seller wouldn’t accept my offer. My agent told me it was because the short sale lender has told them they wouldn’t accept the offer. I am a c...

Bergen County NJ – The Stop Foreclosure Institute recently received a question from James. Here was his question. “I’ve heard that there is a 70% failure rate on short sales. Is that true? If so, then why do so many short sales fail? James” Click here to discover how other sellers successfully d...