New Jersey is rolling out a program designed to put some controls on mortgage modification. Spokesman Chris Donnelly says the program will have homeowners and lenders working with mediators and housing counselors to structure modifications that will be affordable to the homeowners.
In addition, the state's Foreclosure Prevention and Mortgage Assistance programs, both of which use trained, certified counselors, are designed to help homeowners fix their delinquent mortgages permanently.
Whether you’re a first-time buyer, selling your current home or relocating to a different part of the country, the support of a qualified, knowledgeable real estate agent can alleviate many of your concerns and ensure a smooth transaction. A professional agent can market your present residence, help you locate the home of your dreams and assist in making your transfer to an unfamiliar area easier.
Human nature being what it is, none of us can get serious about the idea of buying a house without experiencing at least a few small twinges of worry. What we fear, of course, is making a mistake. And the mistake we tend to fear most is buying a “lemon” – a house that doesn’t simply fail to satisfy our hopes but turns out to have so many flaws that it’s a disastrously bad investment.
For many renters, the first step in buying a home is becoming educated about the process. If you’re like many people considering a home purchase, you’ve spent nights and weekends poring over your local real estate section. You’ve talked to friends and relatives about their experiences. Maybe you’ve even purchased a book or tow to help you become more familiar with real estate terminology and the various types of mortgages commonly used today.
