Collingswood, NJ Real Estate News

By Dave Sulvetta, Realtor
(Dave Sulvetta, eXp Connection, Gloucester County Realtor)
Collingswood NJ Home For Sale - Across From Knight ParkSearch All Collingswood NJ Homes For SaleListing DetailsCollingswood Home For Sale located in the Historic District349 Park Ave Collingswood NJ 08108Bedrooms: 3Bathrooms: 2.5Sq Ft: 2475Call Dave Sulvetta at 856.889.8163 to see if this home is still available.You will absolutely love the beautiful views of knights park from your interior porch!Ladies & Gentlemen, I am honored to offer you 349 Park Ave Collingswood NJ 08108. What could be better than living in a town like Collingswood? Living in this beautiful home that is located directly across the street from the beautiful Knight Park. This home is sure to leave you with countless hours of memories of peaceful nights, evenings, sunsets and mornings, taking in the spectacular views ...
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By Jamie Russen, 100% Financing Specialist
(Jamie Russen - Greentree Mortgage)
Collingswood, NJ - Real Estate Spotlight  When you think of Collingswood, New Jersey the first thoughts that pop into your mind are not about real estate or mortgages; not about fast-moving, slick-talking wheeling and dealing agents or even about big city real estate speculators whose only concern is the price they can “pick up a piece of property” for and the value at which they can resell it; although the term “value” when pluralized might be a more appropriate term to be found in a conversation pertaining to the Collingswood, NJ community.  This Southern New Jersey township, having been incorporated as as a borough by the New Jersey Legislature on May 22, 1888, is said to be a place where you'll “...find a hip, cultural feel where trendy shopping and dining mix with historical archi...
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By Samuel Kahuila, Burlington County, NJ
(Berkshire Hathaway HomeServices Fox & Roach Realtors)
  Collingswood, NJ is a community with vintage appeal. It is located in Camden County just minutes from center city Philadelphia, great shopping and major highways. In 2011, Forbes Magazine named Collingswood one of “10 Transferred Neighborhoods”. It has been recognized as “A Classic Town of Greater Philadelphia” for preserving its history, charm, and character. The American Planning Association named Haddon Avenue (Collingswood’s main street) a “Top Ten Great Street” for its “mixture of small town friendliness and larger city diversity”. Collingswood’s charm starts on its quintessentially American main street. Haddon Avenue is a tree lined thoroughfare with an iconic town clock, and historic buildings with a variety of restaurants, shops and business. On Saturday’s May through November...
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By For Sale By Owner Flat Fee MLS Listing For $395, Save 3-6% Commission
(RealmartRealty.com)
Home for Sale By Owner in Collingswood, NJ 08108 - Flat Fee MLS Listing $395 19 Lincoln Ave Collingswood, NJ 08108 - Realtors welcome, buyer agent commission paid at MLS#6026795 5 Beds 1 Baths It's a short walk to the Wawa, shops, restaurants, schools and Speedline from this roomy 3-story twin off Haddon Ave. Offers 4 moderately sized bedrooms plus 1 small (but nice) bedroom (= 5BRs), one large bathroom, bright kitchen with appliances, dining room and convenient 2nd floor laundry room with washer/dryer. Has fenced back yard and unfinished basement for storage. Driveway parks 3 cars. In the heart of a great community with shops, restaurants, schools, Speedline and bus stop nearby. Ten minutes to Center City Philadelphia by train or car. Collingswood: It's Where You Want To Be! If you are...
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By Jamie Russen, 100% Financing Specialist
(Jamie Russen - Greentree Mortgage)
The Federal Reserve released its June 2011 Federal Open Market Committee meeting minutes Tuesday. It contained no surprises and, as such, mortgage rates in Pennsylvania and New Jersey have idled in the hours since. The Fed Minutes is published 8 times annually, three weeks after each scheduled Federal Open Market Committee meeting. It’s the official log of the meeting’s conversations and debates. The Fed Minutes is the lengthier companion piece to the FOMC’s more well-known, post-meeting press release. As compared to the brief-and-focused press release,by comparison, the Fed Minutes are long and detailed. June’s press release was 458 words long. Its minutes totaled 6,889 words. The June minutes reveal some interesting perspectives from within the Federal Reserve, too. On growth : Econom...
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By Jamie Russen, 100% Financing Specialist
(Jamie Russen - Greentree Mortgage)
Friday morning, at 8:30 AM ET, the Bureau of Labor Statistics releases its June Non-Farm Payrolls report. If you’re currently shopping for a mortgage, or floating a mortgage rate, be prepared. Mortgage rates can change following the monthly report’s release. Often, by a lot. More commonly called “the jobs report“, Non-Farm Payrolls reports on the U.S. workforce by sector, summarizing its findings in terms of total workforce size, and as a national Unemployment Rate. Jobs are considered a keystone in the continuing U.S. economic recovery. More working Americans means: 1. More consumer spending, a boost to businesses 2. More tax collection, a boost to governments 3. More personal savings, a boost to households For June, analysts expect the government to report 80,000 net new jobs created...
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By For Sale By Owner Flat Fee MLS Listing For $395, Save 3-6% Commission
(RealmartRealty.com)
Home for Sale By Owner in Collingswood, NJ 08107 - Flat Fee MLS Listing $395 110 Elm Ave Collingswood, NJ 08107 - Realtors welcome, buyer agent commission paid at closing !Please check listing details here at MLS# 5857992 . 3 Bedrooms, 2 Bathrooms Single Family Home with 2 stories' Walk Up Attic, Eat In Kitchen, CableTVWired, Laundry in Basement, Gas Cooking, Bedroom 2 is 1x1, Bedroom 3 is 1x1, Second Kitchen is 2x2, 1 Full Bath on Main Floor, 1 Full Bath on Upper Floor, Master Bedroom is on Main Level, Second Bedroom is on Upper Level, Third Bedroom is on Upper Level If you are interested in this Home for Sale By Owner in Collingswood, NJ 08107- Flat Fee MLS Listing $395, please call 1-888-362-6543, enter the MLS# 5857992 . . You can make an appointment or ask any questions about the p...
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By Jamie Russen, 100% Financing Specialist
(Jamie Russen - Greentree Mortgage)
The Federal Open Market Committee starts a two-day meeting today, the third of its 8 scheduled meetings this year. The FOMC is a special, 12-person committee within the Federal Reserve. It’s led by Fed Chairman Ben Bernanke and the group is responsible for voting on our nation’s monetary policy. This includes setting the Fed Funds Rate, the rate at which banks borrow money from each other overnight. The general public tends to confuse the Fed Funds Rate for “mortgage rates” but, as shown in the chart at top, the two interest rates are very different. There is no direct correlation between the Fed Funds Rate and everyday mortgage rates in Voorhees. Since 1990, the two benchmark rates have been separated by as much as 5.29 percent, and have been as close as 0.52 percent. Today, the separ...
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By Jamie Russen, 100% Financing Specialist
(Jamie Russen - Greentree Mortgage)
A lot of Home Owners today have no idea what exactly is covered under their Home Owners Insurance Policy. Most of the time this is a last minute item that they pay for prior to their loan closing. A major misconception about these policies is that almost every repair that is needed is covered. This could not be any further from the truth. It is extremely important for you to have a full understanding about what EXACTLY is covered under your policy so you will have an idea of if you need to purchase any extra insurance to cover you in case any of these life events happen to you and your home. Repairs can be extremely expensive and can set you and your family back financially if you don’t not have the proper insurance. Below I would like to high light some items that you may believe are ...
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By Jamie Russen, 100% Financing Specialist
(Jamie Russen - Greentree Mortgage)
Mortgage markets improved slightly through last week's holiday-shortened trading sessions. Better-than-expected housing data led mortgage rates higher Tuesday and Wednesday, but rates retreated Thursday morning in advance of Good Friday. Markets were closed Thursday afternoon and Friday. They re-open this morning. Conforming mortgage rates in New Jersey ended last week unchanged overall. It's a strange outcome considering that Standard & Poor's issued a downgrade on U.S. debt Monday. In most instances, a debt downgrade would lead investors away from a particular group of securities - in this case, a group that includes mortgage-backed bonds. However, Wall Street reacted in the opposite. When S&P issued its opinion, however, mortgage bonds rallied. Some say this is because the downgrade...
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By Jamie Russen, 100% Financing Specialist
(Jamie Russen - Greentree Mortgage)
Home resales rose 4 percent last month, according to the March Existing Home Sales report. A total of 5.1 million homes were sold on an annualized, seasonally-adjusted basis. The strong results re-establish the national, long-term trend toward rising home resales. March marked the 6th month out of eight in which sales volume has increased and sales are up 32 percent from July 2010 lows. Home supply has resumed its downward trajectory, too. At the current pace of sales, the entire home resale inventory would be depleted in 8.4 months. This is 0.1 months faster as compared to February, and a full month faster than the 12-month average. The Existing Home Sales report also included a breakdown by buyer-type. First-time buyers bought 33% of homes, down from 34% in February Repeat buyers bou...
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By Jamie Russen, 100% Financing Specialist
(Jamie Russen - Greentree Mortgage)
  Foreclosure activity is much slower this year than last. According to foreclosure-tracking firm RealtyTrac, the number of national foreclosure filings plunged 35 percent in March 2011 as compared to March 2010, a statistic that reflects a more healthy housing market and more robust outlook for 2011. A “Foreclosure filing” is defined as any of the following : a default notice, a scheduled auction, or a bank repossessions. Foreclosures filings were down in all but 8 states last month. Activity remains concentrated, too. More than half of all bank repossessions can be tied to just a handful of states. In March, 6 states accounted for 51% of activity. California : 15% of all repossessions Florida : 9% of all repossessions Arizona : 7% of all repossessions Michigan : 7% of all repossessio...
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By Jamie Russen, 100% Financing Specialist
(Jamie Russen - Greentree Mortgage)
After this week ends, the FHA is raising mortgage insurance premiums on its new  borrowers. It's the FHA's third such increase in the last 12 months. Beginning with FHA Case Numbers assigned April 18, 2011, mortgage insurance premiums will be higher by 25 basis points per year, or 0.25%. Against a $200,000 loan size, the MIP increase adds $500 to an FHA-insured borrower's annual cost of homeownership. All new FHA loans are subject to the increase - purchases and refinances. Existing FHA-insured homeowners across New Jersey are unaffected. Premiums do not rise for loans already made. The FHA is increasing its mortgage insurance rates because, as a group, the FHA is insuring a much larger percentage of the U.S. housing market.  In 2006, the FHA held a 4 percent market share. By 2010, tha...
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By Jamie Russen, 100% Financing Specialist
(Jamie Russen - Greentree Mortgage)
Home sales data is easing so far in this calendar year. Home resales and new construction have dropped to multi-month lows and, in many cities, home supplies are rising. One housing sector that's not slowing, however, is rentals. The rental market is booming. As reported by the Wall Street Journal, the average apartment vacancy rate is 6.6% nationwide, down from 8.0% last year. In addition, the number of occupied apartments rose by more during Q4 2010 than during any comparable period of the last 10 years. It's a major reason why rents are up 2.3%. Some areas, however, fared worse than others. This study of rent increases as published on MSNBC, for example, lists the 10 U.S. cities in which rents increased the most last year. And they may not be the cities you'd expect. In order: Green...
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By Jamie Russen, 100% Financing Specialist
(Jamie Russen - Greentree Mortgage)
First Time Home Buyers There are certain steps that should be taken when considering buying your first home. This is going to be the largest purchase you will have made in your life and it should be taken seriously. You have taken a great step by clicking on to this page. It is very important to educate yourself as much as you can before and through out this process. On our site you will have access to learning about several terrific mortgage products which are geared towards assisting Americans to become home owners. Below is a brief list of loan options that first time home buyer should explore: FHA FHA 203K Renovation / Rehabilitation Loans VA - Veterans Administration USDA Rural Housing These options are the most common in our market today but there is still the conventional mortgag...
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By Jeff Belonger, The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans
( Social Media - Infinity Home Mortgage Company, Inc)
  Mortgage Myth Busters     Have a mortgage question and keep getting conflicting answers and or information?  I get Trulia alerts for my state and about 70% of the time, there are both loan officers and or realtors answering mortgage questions that have misleading or completely wrong answers. It's not to say that any of us are perfect and or know it all... but I can say one thing, if I am not 100% sure, I seek the answer through the proper channels. Those channels would be my underwriters or the guidelines/manuals for such programs and or mortgage questions. With the mortgage industry changing more than ever before, one really needs to stay on top of this information.     Who are we? Mortgage Myth Busters is a select group of mortgage professionals driven to share pertinent, accurate a...
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By Jeff Belonger, The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans
( Social Media - Infinity Home Mortgage Company, Inc)
  My Lawyer seems to be avoiding me when I ask for my total closing costs…. should I proceed with caution? I am all about transparency and making sure that I provide the correct answers. I know most of us want to be helpful, but can some of our answers be hurtful instead? The question above was just asked on Trulia advice the other day, aka asking questions on Trulia. One answer ruffled my feathers, because unless you know all that you need to know about mortgages, this can be a dangerous question with answers that could backfire on a buyer.  One needs to evaluate and understand who to ask specific questions. . Here are some of the answers given by some realtors :  (I know some of you don't like clicking to another site, but I am trying to promote my main site, The FHA Expert. And you ...
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By Jamie Russen, 100% Financing Specialist
(Jamie Russen - Greentree Mortgage)
In a recent survey. 69% of consumers want to decrease their debt. 18% said they wanted to increase their credit score. 7% want to get rid of their credit cards all together. 7% want to increase their savings. These goals can all be achieved over time - if you take a few steps now that can save you the money later. Contact your credit card companies to see if you are getting the best rate, based on your credit score. If not, ask what it takes to get a better interest rate. You'll save a bunch of money by just asking for a lower rate. If you have health insurance or Medicare, get a medical exam as often as your policy will allow. Catch health issues early and it will save you a ton of money that you'd have to pay out of your own pocket- let alone time off of work. Increase your retirement...
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By Jamie Russen, 100% Financing Specialist
(Jamie Russen - Greentree Mortgage)
Today's first time home buyers seem to be getting older and older from previous generations. I turned 30 in October and my generation really seems to be settling down later in life. People are getting married later, having children later, and of course, buying their first home later in life. I feel this is happening for several different reasons. To me the cost of going to college has a big role in that. You're reward for graduating college these days can leave you in as much as $100,000.00 in student loan debt depending on how long you went to school for. If you're one of the lucky few to actually get a job in the career that you went to school from, the last thing on your mind is accumulating more debt by taking out a mortgage. Most are forced to move back with their parents until the...
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By Jamie Russen, 100% Financing Specialist
(Jamie Russen - Greentree Mortgage)
My goal in today's blog post is to help you get a better understanding of FHA's 203k Loan Program. There are a lot of lenders and agents who are so eager to work with a buyer in today's market but if you do not have the understanding of this program than this can be a very difficult and time consuming process. I will start off with the FHA 203K Streamline Program. This will be your program of choice if your total number of  repairs is under $35,000 and does not involve any kind of structual renovations. This type of 203K will allow the Lender to release up to 35-50% of the funds needed for repairs upfront and the remaining amount when the work is completed. A final inspection is required to certify that the work is truely completed. It is very important to be sure that the total repairs...
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