Manny Rosa's Blog - New Construction, Short Sales & Foreclosures in New Jersey

Recent sales data indicate that better than half of Essex County, NJ Multi-Family homes sold are distressed sales. The most recent month of sales data show that 57% of 2-4 Family Homes sold in Essex County, NJ were either Short Sales or Foreclosures.  In Newark, NJ, 73% of the multi-family homes ...

Manuel J. Rosa | Rosa Agency | rosaagencyrealtors@gmail.com | (917) 518-7861 214 North 16th St., Bloomfield, NJ All Brick Corner Split Level with Fireplace 3BR/1+1BA Single Family House offered at $349,000 Year Built 1954 Sq Footage Unspecified Bedrooms 3 Bathrooms 1 full, 1 partial Floors 3 Par...

Manuel J. Rosa | Rosa Agency | rosaagencyrealtors@gmail.com | (917) 518-7861 93 South First Ave., Roxbury, NJ 11 Year Young Colonial in Move-In Condition 4BR/2+1BA Single Family House offered at $299,000 Year Built 2000 Sq Footage 2,000 Bedrooms 4 Bathrooms 2 full, 1 partial Floors 2 Parking 4 C...

When distressed homeowners are evaluating their exit strategies, Short Sale Vs. Foreclosure comparisons are bound to pop up. A common question our clients ask us is, “Why would my Bank prefer a Short Sale Vs. a Foreclosure?” The answer can differ based on the state you reside in, the type of loan...

New Jersey is about to see the number of Foreclosures rise dramatically in the very near future. A ruling today by New Jersey Superior Court Judge Mary Jacobson will allow four of the largest servicers of mortgages to resume uncontested New Jersey Foreclosure actions. Bank of America, J.P. Morgan...

  When we received our most recent Chase Short Sale approval on behalf of our Newark, NJ client, we weren’t surprised that the offer was approved.  Nor were we particularly caught off guard by the amount of debt being forgiven, approximately $136,000 worth, one of the smaller short sale amounts w...

A recent check of sales data in Newark NJ show that Short Sales account for about 38% of all sales, with Foreclosures at 28% and traditional market sales lagging behind at just 34% of sales.  In other words, distressed sales, which include both Short Sales and Foreclosures combined, make up about...

Rosa Agency is proud to present its newest project of 25 new 3-Family homes in the prestigious Forest Hill section of Newark, NJ. Enchanted Victorian Village at Forest Hill is an incredible project of 25 newly constructed 3-Family Homes is underway as of June, 2011 with first homes deliverable b...

You’ve done all the work necessary in a Short Sale process - submitted your income and asset information, filled out your lender’s forms, obtained an offer, submitted a proposed settlement statement.   Now you await the crucially important Short Sale Approval letter from your loan servicer. If yo...

The most important decision a homeowner facing Foreclosure can make is which Realtor to enlist as their Short Sale agent.  So, how does a distressed borrower who wants to avoid Foreclosure choose the right agent?  The five guidelines below should help you narrow the field: Designations - does th...