Manny Rosa's Blog - New Construction, Short Sales & Foreclosures in New Jersey

Follow me
By
Real Estate Agent - Rosa Agency - 9591451
RECENT BLOG POSTS
Manuel J. Rosa | Rosa Agency | rosaagencyrealtors@gmail.com | (917) 518-7861 693 N 6th St, Newark, NJ Move In Condition 2-Family in Good Location 5BR/3BA Multi-Family, 2 units offered at $299,000 Year Built 1998 Sq Footage 2,500 Bedrooms 5 Bathrooms 3 full, 0 partial Floors 2 Parking 2 Car garag...
10/06/2011
Manuel J. Rosa | Rosa Agency | rosaagencyrealtors@gmail.com | (917) 518-7861 53 Carolina Ave, Newark, NJ Five Year Young 2-Family Home; Short Sale 6BR/3BA Multi-Family, 2 units offered at $199,000 Year Built 2006 Sq Footage Unspecified Bedrooms 6 Bathrooms 3 full, 0 partial Floors Unspecified Pa...
10/04/2011
I have been working with a client in Newark, NJ on a Short Sale for over a year now.  The clients have experienced several hardships, including a reduction in income and loss of tenants that make carrying the loan an impossibility.  However, there is an offer that if approved can alleviate their ...
09/02/2011
Recent sales data indicate that better than half of Essex County, NJ Multi-Family homes sold are distressed sales. The most recent month of sales data show that 57% of 2-4 Family Homes sold in Essex County, NJ were either Short Sales or Foreclosures.  In Newark, NJ, 73% of the multi-family homes ...
08/26/2011
Manuel J. Rosa | Rosa Agency | rosaagencyrealtors@gmail.com | (917) 518-7861 214 North 16th St., Bloomfield, NJ All Brick Corner Split Level with Fireplace 3BR/1+1BA Single Family House offered at $349,000 Year Built 1954 Sq Footage Unspecified Bedrooms 3 Bathrooms 1 full, 1 partial Floors 3 Par...
08/23/2011
Manuel J. Rosa | Rosa Agency | rosaagencyrealtors@gmail.com | (917) 518-7861 93 South First Ave., Roxbury, NJ 11 Year Young Colonial in Move-In Condition 4BR/2+1BA Single Family House offered at $299,000 Year Built 2000 Sq Footage 2,000 Bedrooms 4 Bathrooms 2 full, 1 partial Floors 2 Parking 4 C...
08/22/2011
When distressed homeowners are evaluating their exit strategies, Short Sale Vs. Foreclosure comparisons are bound to pop up. A common question our clients ask us is, “Why would my Bank prefer a Short Sale Vs. a Foreclosure?” The answer can differ based on the state you reside in, the type of loan...
08/21/2011
New Jersey is about to see the number of Foreclosures rise dramatically in the very near future. A ruling today by New Jersey Superior Court Judge Mary Jacobson will allow four of the largest servicers of mortgages to resume uncontested New Jersey Foreclosure actions. Bank of America, J.P. Morgan...
08/16/2011
  When we received our most recent Chase Short Sale approval on behalf of our Newark, NJ client, we weren’t surprised that the offer was approved.  Nor were we particularly caught off guard by the amount of debt being forgiven, approximately $136,000 worth, one of the smaller short sale amounts w...
08/14/2011
A recent check of sales data in Newark NJ show that Short Sales account for about 38% of all sales, with Foreclosures at 28% and traditional market sales lagging behind at just 34% of sales.  In other words, distressed sales, which include both Short Sales and Foreclosures combined, make up about...
08/13/2011
Rainer
80,120

Manny Rosa

New Construction - Union & Essex Counties, NJ
local_phone(973) 751-1000
smartphone(917) 518-7861
Contact The Author
News and information on Real Estate in the Essex County & Union County regions of New Jersey. We focus on New Construction, Short Sales and Foreclosures.