JUST LISTED! DELIGHTFUL 4 BEDROOM COLONIAL FREEHOLD TOWNSHIP

We are pleased to announce our newest listing! This delighful 4 bedroom Center Hall Colonial is located in East Freehold on a lovely winding street. Home features a gorgeous updated gourmet kitchen which was completely renovated in 2008. Kitchen boasts beautiful custom cabinetry with trim, Viking Designer Series Stainless Appliances, Travertine tiles and Gleaming Granite Countertops.

This light and bright home features hardwood flooring through out, spacious room sizes, and a wonderful flow. Large, private yard, 6 zone sprinkler system, and hot tub are additional features. Home is situated on quiet block across from green acres. Freehold Regional School System!

Nothing to do but unpack & move in! Call Leanne @ 917-596-2772 or Anna @ 732-371-3233 to preview this lovely home today.

SHORT SALE BRIEFING

Short Sale, a far too common term in the housing market of today, often opens the door to many questions and apprehensions for both buyers and sellers alike.

A "short sale" is the potential sale of a property wherein the mortgage balance on the property is greater than the current market value of the premises. When this occurs, either the realtor or the seller's attorney negotiates with the bank to settle the debt for less than what is owed.

Although obtaining approval for a short sale can be a lengthy & complicated process, usually in the long run all parties involved in the transaction will benefit. A seller benefits because a "foreclosure" is not reported to the credit bureau. A homeowner is often concerned as to how this will affect his/her credit score. According to information provided by credit reporting agencies the impact on the credit score is substantially less than that of a foreclosure, as most of the impact is caused by the late/missed mortgage payments, not necessarily the reporting of the debt being settled for less than what was owed. A buyer benefits because these properties are usually sold below market value, as that is the incentive to hold on an d wait for the bank to approve the sale. The bank benefits because they don't incur all of the expenses of taking a property all the way to Sheriff's sale only to resell the property for the same value.

It is important that you work with a Realtor that is experienced with the ins and outs of the short sale process, as this will increase your chances for a successful result. We have experience in the process. If you are looking to purchase a short sale property in Monmouth or Middlesex County, or if you have a home that seems as though it may need to be sold "short", let us help you handle the details. Call Leanne @ 917-596-2772 or Anna @732 371 3233 at Robert Defalco Realty to discuss your situation.

Article courtesy of Valerie Vargas and Robert Defalco Realty Website

Mortgage Update! October 18, 2010

Don't miss out on these great rates! It has never been a better time to purchase a home! As we all know home prices have come down between 20%-25% from their highs in 2005/2006. Now combined with the great prices, the banks are practically giving mortgages away to those credit worthy buyers!

As of this morning, it is possible to obtain a 30 year fixed rate mortgage with no points at a rate of 4.375%. The 15 year rate with no points is even better at 3.75%. The FHA rate is 4.375%.

In addition, for those of you that are looking to make a move into one of our Luxury Markets, like Colts Neck, Holmdel, Rumson, etc. the Temporary Loan Limits that the government put in place are expiring on 12/31/10. What this means to you--the conforming loan limit that is normally $417,000 which was increased to $729,750 will no longer be available. This affords someone purchasing a home and needing to obtain a mortgage of between $417,000 to $729,750 to be able to keep the conforming rate without being pushed into a jumbo rate loan. GREAT OPPORTUNITY!

Of course, if you are looking to make a move in the Monmouth, Ocean or Middlesex County areas we are available to assist you. In addition, our in house Mortgage Representative, Michael Scarimbolo of SI Mortgage Group is available to assist you in getting a pre approval for a mortgage or to help you determine what your best mortgage options are. Michael can be reached at (732) 845 0300.

Call Anna @732-371-3233 or Leanne @917 596-2772 to inquire regarding properties you may be interested in seeing.