House Hunters Caravan (Keller Williams Realty West Monmouth)

A Team of Keller Williams Realty Agents Launch Central NJ’s First Bus Tour for Buyers and Investors Marlboro, NJ

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A Team of Keller Williams Realty Agents Launch Central NJ's First Bus Tour for Buyers and Investors Marlboro, NJ (June, 2008) On June 21, 2008, a team of real estate agents from Keller Williams Realty West Monmouth will launch House Hunters Caravan©, the first Saturday bus tour in Central New Jersey created for buyers and investors interested in purchasing the area's growing number of short sale and foreclosure properties. The caravan will deliver a bus-load of interested and qualified buyers and investors directly to the doorsteps of homeowners seeking relief from their mortgages and rising interest rates. Spanning the gamut of fixer-uppers to newer construction homes, House Hunters Caravan© will be making stops at 5-10 properties in a different towns during each caravan in its first weeks of operation, starting with homes located near Keller Williams Realty West Monmouth's headquarters in Manalapan and Marlboro. Other scheduled caravans include towns throughout Middlesex, Monmouth and Ocean Counties. "It's sad to see so many of our neighbors, friends, and family members at risk of losing their homes," said Carol Mazzola, a Realtor® Associate at Keller Williams Realty West Monmouth. "A group of real estate agents at our firm got together and specifically designed House Hunters Caravan© to help members of our community who are having difficulty with their mortgage payments. Our goal is to help our neighbors who are in distress sell their homes, avoid foreclosure, and salvage their credit." Mazzola also pointed out that the list of inventory on each caravan will not be limited to Keller Williams Realty listings. She noted that all realty firms throughout Monmouth, Ocean and Middlesex Counties will be contacted and invited to add their listings to each scheduled caravan. "We are bringing pre-screened buyers to all listings that are short-sale and foreclosure homes," she emphasized. "I cannot image any Realtor® with a distress listing turning down the opportunity of having a group of qualified buyers dropped off at the front door of their listed homes. If the caravan results in a sale, it is a win-win for everyone...buyers, sellers, listing agents and selling agents." New Jersey reported 13,104 foreclosure filings in the first quarter of 2008, a 66 percent increase from the first quarter of 2007, and up nearly 34 percent from the previous quarter, according to the latest RealtyTrac® U.S. Foreclosure Market Report. RealtyTrac® also reported New Jersey had the 16th highest state foreclosure rate in the country during the first quarter of this year with 1 in every 265 households receiving a foreclosure filing. RealtyTrac® also reported that, on average, buyers can expect to save up to 20% on the purchase of a foreclosed property in Central New Jersey. "While we are unable to control the aftermath of the recent mortgage crisis, we are poised to help families get out from under their homes, as the demand for lower-priced homes continues to rise," Mazzola said. House Hunters Caravan© will depart Saturdays from a specified location along Route 9 in Monmouth County. The first tour has been scheduled for June 21, 2008 and will cover homes in Marlboro and Manalapan. Beginning at 8am, House Hunters Caravan© will provide prospective buyers with a continental breakfast briefing led by a short sale/foreclosure expert and various real estate professionals who will offer advice on choosing property, making an offer, negotiating, financing, title and home insurance, inspections and managing expectations in today's real estate marketplace The team of professionals and sponsors who will address the caravan guests include Coastal Financial Services of Point Pleasant, Pickus and Landsberg, LLC, an East Brunswick law firm specializing in short sale and foreclosure actions, American General Title Agency Inc. of Manasquan, Anchor Inspection Services, LLC of Brick, Jim Pastorini Insurance Agency of Freehold and PODS of Farmingdale, NJ. Following the briefing, buyers will board the House Hunters Caravan© bus guided by Keller Williams real estate agents, and tour area properties that are on the cusp of short sale or foreclosure. . In advance of each scheduled tour, prospective buyers will be required to register in advance on-line at www.HouseHuntersCaravan.com to secure a seat on a caravan for a specific date, and obtain pre-approval for a mortgage by one of the caravan's main sponsors, Robert DeWaters of Coastal Financial Services. During the on-line registration, prospective buyers will also be asked to pay a nominal fee to secure a guaranteed seat on the caravan. Additional towns will be selected each week based on buyer interest and available supply. To contact House Hunters Caravan© and register for a tour, call toll free 1-800-742-0951 ext. 1001, or visit www.HouseHuntersCaravan.com for complete details. In New Jersey, call Keller Williams Realty West Monmouth direct at 732-536-9010 ext. 321. Keller Williams Realty keeps its agents performing at the highest level by offering them the most comprehensive educational resource in the real estate industry - Keller Williams University. The company's level of training, added to its other corporate benefits such as the Agent Leadership Council and profit sharing, attracts and retains the best in the business. "We are proud of the way we do business and our goal is to provide a unique service to our community that will benefit buyers, sellers, Realtors® and everyone involved in a real estate transaction. We hope area residents will think of us when they think of real estate," concluded Mazzola. A portion of the real estate commission proceeds earned by the Keller Williams Realty Team on House Hunters Caravan will be donated to Family Promise® of Monmouth County, the only shelter for families in the Monmouth County area. The program is provides the basic needs of shelter and meals for families with children, as well as case management designed to attain permanent housing and prevent future homelessness.

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"It's sad to see so many of our neighbors, friends, and family members at risk of losing their homes," said Carol Mazzola, a Realtor® Associate at Keller Williams Realty West Monmouth. "A group of real estate agents at our firm got together and specifically designed House Hunters Caravan© to help members of our community who are having difficulty with their mortgage payments. Our goal is to help our neighbors who are in distress sell their homes, avoid foreclosure, and salvage their credit." Mazzola also pointed out that the list of inventory on each caravan will not be limited to Keller Williams Realty listings. She noted that all realty firms throughout Monmouth, Ocean and Middlesex Counties will be contacted and invited to add their listings to each scheduled caravan. "We are bringing pre-screened buyers to all listings that are short-sale and foreclosure homes," she emphasized. "I cannot image any Realtor® with a distress listing turning down the opportunity of having a group of qualified buyers dropped off at the front door of their listed homes. If the caravan results in a sale, it is a win-win for everyone...buyers, sellers, listing agents and selling agents." New Jersey reported 13,104 foreclosure filings in the first quarter of 2008, a 66 percent increase from the first quarter of 2007, and up nearly 34 percent from the previous quarter, according to the latest RealtyTrac® U.S. Foreclosure Market Report. RealtyTrac® also reported New Jersey had the 16th highest state foreclosure rate in the country during the first quarter of this year with 1 in every 265 households receiving a foreclosure filing. RealtyTrac® also reported that, on average, buyers can expect to save up to 20% on the purchase of a foreclosed property in Central New Jersey. "While we are unable to control the aftermath of the recent mortgage crisis, we are poised to help families get out from under their homes, as the demand for lower-priced homes continues to rise," Mazzola said. House Hunters Caravan© will depart Saturdays from a specified location along Route 9 in Monmouth County. The first tour has been scheduled for June 21, 2008 and will cover homes in Marlboro and Manalapan. Beginning at 8am, House Hunters Caravan© will provide prospective buyers with a continental breakfast briefing led by a short sale/foreclosure expert and various real estate professionals who will offer advice on choosing property, making an offer, negotiating, financing, title and home insurance, inspections and managing expectations in today's real estate marketplace The team of professionals and sponsors who will address the caravan guests include Coastal Financial Services of Point Pleasant, Pickus and Landsberg, LLC, an East Brunswick law firm specializing in short sale and foreclosure actions, American General Title Agency Inc. of Manasquan, Anchor Inspection Services, LLC of Brick, Jim Pastorini Insurance Agency of Freehold and PODS of Farmingdale, NJ. Following the briefing, buyers will board the House Hunters Caravan© bus guided by Keller Williams real estate agents, and tour area properties that are on the cusp of short sale or foreclosure. . In advance of each scheduled tour, prospective buyers will be required to register in advance on-line at www.HouseHuntersCaravan.com to secure a seat on a caravan for a specific date, and obtain pre-approval for a mortgage by one of the caravan's main sponsors, Robert DeWaters of Coastal Financial Services. During the on-line registration, prospective buyers will also be asked to pay a nominal fee to secure a guaranteed seat on the caravan. Additional towns will be selected each week based on buyer interest and available supply. To contact House Hunters Caravan© and register for a tour, call toll free 1-800-742-0951 ext. 1001, or visit www.HouseHuntersCaravan.com for complete details. In New Jersey, call Keller Williams Realty West Monmouth direct at 732-536-9010 ext. 321. Keller Williams Realty keeps its agents performing at the highest level by offering them the most comprehensive educational resource in the real estate industry - Keller Williams University. The company's level of training, added to its other corporate benefits such as the Agent Leadership Council and profit sharing, attracts and retains the best in the business. "We are proud of the way we do business and our goal is to provide a unique service to our community that will benefit buyers, sellers, Realtors® and everyone involved in a real estate transaction. We hope area residents will think of us when they think of real estate," concluded Mazzola. A portion of the real estate commission proceeds earned by the Keller Williams Realty Team on House Hunters Caravan will be donated to Family Promise® of Monmouth County, the only shelter for families in the Monmouth County area. The program is provides the basic needs of shelter and meals for families with children, as well as case management designed to attain permanent housing and prevent future homelessness.

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