house prices: Monmouth County Market Watch - 02/28/09 09:26 AM
In January, the prospect for a strong Spring Real Estate Market is bleak as under contract properties were down by 27% from a year ago and the economic and financial crisis continue to depress home sales. The under contract properties of this January are down 48% from January 2005; however New Jersey's actual foreclosure rate in January was .02% ranking it 32nd in the nation. By comparison the national average rate is .05% more than double that in New Jersey. ON the other hand with mortgage rates dropping in the last couple of weeks,there may be a gentle 'Spring Surge' in … (0 comments)

house prices: Urgent Housing NEws you should know about - 11/12/08 05:57 PM
1. Freddy Mac & Fanny Mae - News for Nov 11, 2008: New rules for troubled homeowners take effective on Dec 15, 2008To qualify, borrowers would have to be at least three months behind on their home loans, and would need to owe 90 percent or more than the home is currently worth. Investors who do not occupy their homes would be excluded, as would borrowers who have filed for bankruptcy.Borrowers would get help in several ways: The interest rate would be reduced so that borrowers would not pay more than 38 percent of their income on housing expenses. Another option … (1 comments)

 

Gloria Benaroch

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Rumson, NJ

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Coldwell Banker

Address: 17 W. River Road, Rumson, NJ, 07760

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