Orly Steinberg's (osteinberg) Blog

Passaic County NJ foreclosure homes slowed since October 2009 with 375 new foreclosure filings in April compared to 825 filings in Ocotber, according to RealtyTrac.com. There are currently 3,650 Passaic County NJ foreclosed homes with an average foreclosure sales price for $204,645. The average s...

Pending home sales rose with many first-time buyers taking advantage of historically good housing affordability conditions, according to the National Association of Realtors. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in March, increased 3.2 percent to 84....

We don't live in a house the way we sell a house. Buyers aren't interested in seeing dirty socks lying around or dirty dishes in the sink. Below are a list inexpensive things, from Realtor Magazine, that you can do to make buyers fall in love with your Passaic County home and get it sold quickly....

If you are buying Passaic County real estate, you will want to know what your credit score is. Lenders look at your credit history, debt-to-income ratio and your credit score when qualifying you for a home loan. Credit scores range between 200 and 800, with scores above 620 considered desirable f...

The Federal Housing Administration is a primary source of mortgage financing for millions of America's families and plays a key role in helping bring stability to the housing market. This is the message that the National Association of Realtors delivered to the Senate Appropriations Subcommittee ...

One man's loss is another man's gain and right now buyer's have everything to gain. It was only a few short years ago that sellers controlled the market and were calling the shots. In order to buy a home, buyers were paying over the asking price, foregoing home inspections and paying all their ow...

Many Passaic County real estate buyers want to wait until the market reaches bottom to buy, insuring they are getting the best possible price. But how do you know when the market has reached bottom? Usually it is by looking back and saying "Oh, I wish I had Bought back then!" We may be reaching t...

Should I move up to a larger home is a question many Passaic County homeowners are asking.  The questions below will help you decide whether you're ready for a home that's larger or in a more desirable location.  1. Have you built substantial equity in your current home?  If you have owned your P...

If you're thinking of selling your Passaic County home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of your home, you may be facing a short sale. A short sale is one where the net proceeds from the sale won't cover your total mortgage oblig...

Passaic County homeowners can get an income tax deduction on the mortgage interest they pay. But there are other tax deductions you can take on your principal residence or second home, such as property taxes, and in some cases, for Private Mortgage Insurance. Read 2008 guideline from Turbo Tax: Y...