Here are a few properties that are great buys. Please feel free to forward this email to anyone who might be interested. Reply back or call if you are interested in any of the properties. Contact us asap before these deals are gone.

Atlantic City- $29,000: 3 bed, 1. BANK OWNED

Egg Harbor Township- $154,900: 3 bedroom, 2 full bath. Quiet street. BANK OWNED

Galloway- $245,000: 5 bedroom, 4.5 baths, 1.8 acres, full basement. BANK OWNED

Egg Harbor Township- $249,900: 4 bedroom, 3.5 bath, full finished basement, 2 car garage. BANK OWNED

Ocean City- $321,800: 3 bed, 2 bath, BANK OWNED.

New Listings:

Egg Harbor Township – NEW CONSTRUCTION: 3 bedroom, 2 bath, 1 car garage, 1 acre lot, public water and sewer, 2 Zone heat and AC. Quiet street close to Somers Point and Ocean City.

Absecon – $249,900: 5 bedroom, 2.5 bath, tankless water heater, updated and move in condition.

Galloway – $139,900: Estate Sale: 2 bedroom, 1 bath on 10 acres, subdividable.

Galloway – $233,900: 4 bedroom, 2.5 bath ranch, Absecon Highlands.

Price Reductions:

Northfield – $239,900: Estate Sale. 3 bedroom, 1.5 bath, 2 car garage. Great quiet street.

Mays Landing – $209,000: 2 bed, 1 bath house and huge 25 x 60 garage on 16 acres!

Best wishes, Matthew, Richard, & Linda Haviland ~ Your Trusted Real Estate Experts For Life

Here are a few properties that are great buys. Please feel free to forward this email to anyone who might be interested. Reply back or call if you are interested in any of the properties. Contact us asap before these deals are gone.

Mullica Twp – $31,900: 3 bed, 1 bath single family. BANK OWNED

Galloway – $89,900: 2 bedroom, 1 full bath. Detached garage. BANK OWNED

Northfield – $140,000: 3 bedroom, 2.5 bath, basement. BANK OWNED

Mays Landing – $198,900: 4 bedroom, 3 bath, 2,800 square feet. BANK OWNED

Egg Harbor Township – $339,900: 4 bed, 2.5 bath Ballenger Woods property on 0.84 of an acre. Full finished basement, master bedroom with his/her walk in closets, stall shower and whirlpool bath, family room with fireplace, dining room, eat in kitchen with center island, laundry room with tub, 2 car attached garage and rear patio.

New Listings:

Egg Harbor City – $154,900: Estate sale, 3 bedroom, 1 bath, 1 car garage. Gas heat, central air.

Smithville – $189,900: 2 bed, 2 bath, 1 car garage, Four Seasons Adult Community, Pembrooke Village. Price

Reductions:

Galloway – $77,700: First floor one bedroom condo. Affordable fees. Quiet development.

Galloway – $109,000: Perfect completely remodeled first floor condo. 2 bedroom, l large bathroom, dining area.

Hammonton – $169,900: 3 bed, 1.5 bath. 1 car garage, gas heat, central air. SHORT SALE.

Best wishes, Matthew Haviland ~ Your Trusted Real Estate Experts For Life ~ 609-484-9890 ext. 132

Should I Short Sale My Home?  Or Let The Bank Foreclose?

In Atlantic County, NJ real unemployment rate is currently 23%.  Nearly one in four household are currently effected by our unemployment.  Nationwide over 7.2 million people are facing a financial hardship and are in danger of loosing their home.  The question that many home owners have is should let the bank foreclose on my home or should I short sell the home? 

First of all if the bank forecloses on a home this severely effects the home owners credit score.  It will take 7 years to recover from a foreclosure in most cases.  One thing many people don’t realize is that the bank may issue a “deficiency judgment” against the home owner to collect the money owed to the bank.  In some cases the bank issues a “wage execution order” and garnishes the pay check of the home owner until the money is paid back.  This can financially cripple the home owner for a long period of time. 

What is a short sale?  A short sale is when a home owner has a financial hardship and sells the home even though they owe more than the home is worth. Our team uses the area’s premier short sale attorney to negotiate directly with the bank and protect the home owner throughout the process.

In a short sale a home owner’s credit score will drop around 100 points.  Credit will be effected for about two years.  Our legal team protects the home owner from any deficiency judgments so that there will be no further debt obligation.

The bottom line is that going through foreclosure is severly financially damaging and will effect a home seller for a long period of time.  In a short sale the home owners debt is forgivven and the home owner can recover financially in a few years.

If you know of anyone who is facing a financial hardship and in danger of loosing their home please call me.  I will be glad to discuss their options and help them minimize the financial damage they may be facing.  Call me at 609-484-9890 ext. 132.

Best wishes,

Matt

Over the last several months I have had several people contact me in need of selling their investment properties.

The problem was that they owed more than the homes were worth.  That’s where a short sale comes in.  You may not know that a short sale can work for investment property and not just for a primary residence. 

With a short sale we have to prove that the seller has a financial hardship that requires them to sell the home.  Perhaps the rent amount is not sufficient to cover the carrying cost of the home.  Perhaps a loss of job or medical condition requires the home to be sold.  Our team works with the areas leading short sale attorney.  We provide a checklist with all the documentation required so that our clients can fill this out and get it to the attorney even before we have a contract on the home.  The attorney will use the documentation to prove the financial hardship and negotiate with the bank to take less than what the seller owes.

As with any short sale, the process will take a long time – usually 90 days to get an approval from the bank.  Because the property is a second home the bank may place a deficiency judgment against the seller for the balance of what is owed.  Our attorney works to make sure that there is no further liability to our clients in this case.  Also the short sale is more likely to go through if there is just one mortgage on the property or both mortgages are with the same bank. 

The bottom line is a short sale can work for sellers in need of selling an investment property or second home.

Our team helps home sellers, buyers and investors in the Atlantic County and Atlantic City area.

You can reach me at 609-484-9890 ext. 132.

Thank you and best wishes, Matt

Here are a few properties that are great buys. Please feel free to forward this email to anyone who might be interested. Reply back or call if you are interested in any of the properties. Contact us asap before these deals are gone.

Atlantic City – $22,225: 2 bed, 1 bath single family semi detached. BANK OWNED

Galloway – $159,900: 3 bedroom, 2 full bath, 2 half bath, finished basement, large home, one acre. BANK OWNED

Egg Harbor Township – $245,000: 4 bedroom, 2.5 bath, Family room, 2 car garage, full basement. BANK OWNED

Egg Harbor Township – $127,500: 3 bedroom, 1.5 bath, 1 car garage, single family, gas heat, central air. BANK OWNED

Mullica Township – $354,900: Incredible dream home. 5 bedrooms, 4 full bath, 1 half bath, 3755 square feet, basement and two car garage on acreage. BANK OWNED

New Listings:

Egg Harbor Township – $200,000: 3 bed, 2 bath, full basement, quiet street, 3/4 acre lot.

Price Reductions:

Galloway/Smithville – $94,500: 1 bedroom first floor condo.

Galloway – $83,000: First floor one bedroom condo. Affordable fees. Quiet development.

Galloway – $117,000: Perfect completely remodeled first floor condo. 2 bedroom, l large bathroom, dining area.

Northfield – $249,900: 3 bedroom, 1.5 bath, 2 car garage, quiet and beautiful street.

Absecon – $124,900: 2 bedroom, 1 bath, 1 car garage.

Call me at 609-484-9890 ext. 132 if you or someone you know may be interested in any of these properties.

Best wishes, Matt

The Tax credit was extended to home buyers who were already under contract prior to the end of April.  Now the buyers who did not close on their home yet have until September 30th to close on the home.  This is great news for buyers who had a delay in their closing date or who were under contract to purchase a short sale and did not get bank approval yet.

Here is the publication by the IRS confirming the news about the extension and also referencing what is required by the First Time buyers and Long Time Resident to claim their credits. http://www.irs.gov/newsroom/article/0,,id=225079,00.html

If you have any additional questions regarding the tax credit contact me at 609-484-9890 ext. 132.

Best wishes, Matt

Here are a few properties that are great buys. Please feel free to forward this email to anyone who might be interested.

Please call if you are interested in any of the properties. Contact us asap before these deals are gone.

Egg Harbor Township – $94,900: 3 bed, 1 bath single family. BANK OWNED

Linwood – $150,000: 3 bed, 1 bath single family. BANK OWNED

Galloway – $189,900: 3 bedroom, 2 full bath, 2 half bath, finished basement, large home, one acre. BANK OWNED

Galloway – $279,900: Incredible dream home: 5 bedrooms, 3 baths, full basement, 2 car garage, 3072 sq. ft. BANK OWNED

New Listings:

Egg Harbor City – $164,900: 3 bed, 1.5 bath, full basement.

Galloway/Smithville – $99,500: 1 bedroom first floor condo.

Absecon – $129,900: 2 bed, 1 bath, 1 car garage.

Best wishes, Matthew.

Call me at 609-484-9890 ext. 132 if you are interested in any of these properties.

Dangers Of Short Sales For Home Buyers

This list includes many of the dangers and things that can go wrong for buyers purchasing a short sale.

1. Time: It will take 5 to 6 months or longer to get an answer from the bank.

2. During that time home values may continue to decline.

3. If the bank approves the sale in may no longer appraise at the sales price.

4. It the bank approves the sale you will often have just 30 days to close creating a rush to get all the necessary requirements completed.

5. Interest rates potentially may increase. If rates increase you may no longer be able to afford the home.

6. If the property is vacant the condition will continue to decline while you wait.

7. If the property has a well and septic these systems will deteriorate if they are not used while the house sits.

8. Sales are in as-is condition. The buyer is responsible for all certifications and repairs.

9. Repairs may require buyer to use and FHA 203K rehab loan which could prolong the closing process. This loan also has a higher interest rate and fees.

10. The bank and seller will not fix any home inspection items or items required by the lender. This is the responsibility of the buyer prior to closing.

11. The seller could have second mortgages or additional leans which could hinder the sale.

12. You will go months without communication from your agent without any updates from the seller or bank.

13. You will most likely not get the $8,000 tax credit or $6,500 tax credit.

14. The bank may not approve the sales price and you may have to increase your offer.

15. While you are waiting you will miss out on other potential good buys.

16. More than 70% of short sales do not go through due to various reasons including those listed above. 

Please contact me at 609-484-9890 ext. 132 to learn more about the dangers and opportunities involved in buying a short sale home.

Best wishes,

Matt

(c)2010 Matthew Haviland – HavilandGroup.net

Here is a list of FHA approved condominiums in Egg Harbor Township, NJ 08234:

BAYPORT CONDOMINIUM

COUNTRY PLACE

HEATHER CROFT

LAKESIDE ESTATES

OXFORD VILLAGE

These condos are approved for as low as 3.5% down payment and possibly 100% financing zero down payment.

Best wishes,

Matt