James Lockard - Bergen County Real Estate Blog

Bergen County NJ - The Stop Foreclosure Institute recently received a question from Steve. Here is his question. "We are doing a short sale with one of the largest nationwide banks. I told them I wouldn't do the short sale unless they specifically changed their short sale approval letter to compl...

Bergen County NJ - A potential home seller asked The Stop Foreclosure Institute how we get paid on a short sale transaction. So I decided to answer that question in today's blog post. Here is how most Realtors get paid on a short sale. They make a real estate commission from the sale of the prope...

Bergen County NJ - The Stop Foreclosure Institute recently received this question from Tamra. Here is Tamra's Question. "I would like to hire you to help me short sale my house. However, I am concerned that if the short sale doesn't go thru, then I will still owe you money. My friend told me to c...

Bergen County NJ - One of the Stop Foreclosure Institute members talked to a homeowner recently about a short sales. Her house was close to being foreclosed upon. She had thought about short selling the house. But, she had heard from her friends that banks don't really like short sales and never ...

Bergen County NJ - The Stop Foreclosure Institute recently received a question from Christina. Here is her question. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. "I just read your article Frequently Asked Questions about Short Sales. You mention ...

On Saturday April 16, 2011 at 10 am the Holiday Observers of Allendale will host Peter Cottontail during his annual visit to Crestwood Lake in Alllendale. Rain Date is Sunday, April 17 at 2:00 pm All Allendale children under the age of 12 are welcome to attend an egg hunt which will be done by ag...

Bergen County NJ - Lenders hate losing money. They hate loan modifications, principal reductions, and any other thing that causes them to lose money. But, in today's tough economy they have no choice but to accept them. The primary reason a lender will grant a loan modification is because that us...

Ridgewood NJ - If your loan has Private Mortgage Insurance, also known as PMI, then there is a high likelihood that they will request that you sign a promissory note. Today's blog post talks about how to convince the lender to waive it. Discover how other sellers successfully did a short sale to ...

Ridgewood NJ - I see a lot of agents making mistakes on short sales property valuation. Lenders hire a supposedly impartial third party to value the property. Many of these people are evaluating 10 properties a day. There is very little quality control and usually no one checks their work. Discov...

Ridgewood NJ - We see a lot of agent's going about escalating a file the wrong way. It reminds me of the appeals process game in death row. Everyone has to go thru the appeals process. It drags on for years and years. After a while it simply becomes a game. I don't want to see short sale escalati...