toms river real estate: Looking at a Short Sale? The Questions You Need to Ask, PRIOR to Making an Offer. - 06/03/11 04:02 AM
A buyer and their agent should ask specific questions about the short sale negotiations and the seller's current situation, before they make their offer:
Who will be negotiating the short sale?  How many short sales have they negotiated? How do they plan on communicating with the buyer throughout this process? How many mortgages/liens on the property and who are they with? Is the seller delinquent on the mortgage and is there a foreclosure date set? Is the seller in bankruptcy? Is the seller willing/able to contribute cash towards the short sale or sign a promissory note? Based on the answers to these … (5 comments)

toms river real estate: National Flood Insurance Program Has Temporary Funding - 04/16/10 07:25 AM
 A few weeks ago I wrote a blog about the National Flood insurance program expiring the end of March. Well we just got a little bit of good news:
President Obama signed emergency legislation last night which allows insurance agents to write flood insurance policies again.  Therefore, restrictions regarding properties located in a flood zone are lifted.
this is only temporary, I am getting conflicting info here, one of my sources says it is ony extended for 30 days, and the NAR says it is extended until May 31, 2010. I would bet that the National Association of Realtors is … (3 comments)

toms river real estate: Ocean County Library Hosting 3rd Annual Flower Fest March 27th - 03/12/10 06:09 AM
Ocean County Library to host 3rd annual FlowerFest  
TOMS RIVER -   Ocean County's only flower festival will be held Saturday March 27 at the Toms River branch of the Ocean County Library, 101 Washington Street.   What: 3rd annual flower festival When: Saturday Mar. 27 @ 11 a.m. Where: TR branch, 101 Washington St. CONTACT:   Larry Meegan, 732-349-6200, ext. 5906  
Exhibitors from the Master Gardeners of Ocean County, Barnegat Bay Estuary Project, The Butterfly Charities, Deep Cut Bonsai Society, Jersey Shore Rose Society, Master Composters and various garden clubs will be on hand to discuss their specialties.

toms river real estate: FHA Changes: Mortgagee Letter 2010-02 MIP changes kick in 4/5/10 - 03/02/10 07:12 AM
 By now we are probably well aware that the past few years has been a whirlwind of a ride for Mortgage Guidelines, both for Conventional and FHA loans.
One of the recent changes in FHA is coming up soon. While this is a bit of old news it is important to note the date.  The Up Front Mortgage Insurance Premium (UFMIP or MIP) is increasing.  Over all this is not horrible news for the home buying public, but for your buyers that are getting close to finding a home it may be a good idea to remind them that there is … (4 comments)

toms river real estate: Ocean County Library hosts 2010 School Art Show for all of March 2010 - 03/01/10 04:18 AM
  2010 Toms River Area School's Art Show
March is student art month at the Toms River branch of the Ocean County Library. This annual month-long display features more than 500 works by art of students, grades K-12 in the Toms River area schools.
A reception for teachers, student artists, friends and families will be held on Tuesday, March 4th at 6 p.m.  Artwork will be displayed in the McConnell gallery, first floor lobby and Children's Department, and the second floor gallery area for the entire month.
What:  2010 Toms River area school Art Show and reception
When: Reception March 4 - … (3 comments)

toms river real estate: Ocean County Library hosting Haitian Benefit Concert - 02/01/10 03:48 AM
 Library to host Haitian benefit concert

What: Benefit concert for Haitian relief
When: Friday Feb. 19, 7 p.m.
Where: Toms River branch, 101 Washington St. 
CONTACT:  Larry Meegan, 732-349-6200, ext. 5906              
 TOMS RIVER -   The Toms River branch of the Ocean County Library, 101 Washington St., will team up with four local bands and present a benefit concert to raise donations for the relief of Haitians who were injured and dispossessed during the January 12th earthquake. It is estimated more than 3 million Haitians are in need of assistance. The concert will begin at 7 p.m. … (3 comments)

toms river real estate: Vacation Homes With as little as 10% down: PMI Companies finally relax guidelines - 10/15/09 05:01 AM
 Finally, some good news in the form of relaxed guidelines.
 This is some great news. PMI Companies have caused many of the guideline changes we have experienced over the past few years since they were not willing go offer PMI on anything that had risk at all.
Just a few weeks ago we got news that we can do 10% down second homes. Here are the requirements:
720 Minimum credit score $417,000 Max Mortgage Even if you don't dabble much in the Vacation Home market, this is a great sign. This news came from one of the more conservative PMI Companies. … (8 comments)

toms river real estate: Why YOU Should buy a home NOW - 09/24/09 02:07 AM
Why should you buy a home now?
I firmly believe that we will all look back on 2009 and say "I wish I got that house back in 2009!" 
It is truly a buyers market.
More inventory than we have seen in years... So Many choices for buyers. Interest rates are at very affordable levels Sellers are becoming more willing to negotiate Lower prices than we have seen in years The median price of homes in Monmouth and Ocean counties are at a low point now and appear to be stable What if you have a home to sell?

toms river real estate: International rock star to Visit Ocean County Library, Toms River NJ - 08/27/09 10:17 AM
International rock star at Toms River library  TOMS RIVER -   Alternative rock star Sarah Bettens will perform a free concert at the Toms River branch of the Ocean County Library (101 Washington Street) Saturday Sept. 12 at 2 p.m.
Bettens first earned recognition as the lead singer of K's Choice.  The group, originally from Belgium, earned gold and platinum records in Europe.  Their international hits include "Not An Addict," "Believe," and "Almost Happy."  She breaks new ground with her latest CD, "Never Say Goodbye," the first international release from her own label, Cocoon Records.  What:International rock star Sarah Bettens to … (10 comments)

toms river real estate: Economic Calendar: What may move Mortgage Rates this week 8/24/09 - 08/24/09 04:58 AM
Mortgage Interest Rates, and the events on the calendar that may move them
This week has a little bit of everything to keep the markets entertained: From Auctions to they typical monthly data keeping things moving.
Last week ended up a mixed bag with some nice UP days and some not so nice DOWN days, by the end of the week we only lost 1/32nd in the price of Fannies close enough to "Unchanged" that from Friday to Friday there was not much to worry about. This week is a tough one to call, but I expect more of the same … (4 comments)

toms river real estate: Economic Calendar, What's Happening with Mortgage Rates this week, 7/27/09 - 07/27/09 07:57 AM
 If you took a look at last Friday's postyou will see an example of an Unchanged week that was all over the map on a daily basis. We had some bright spots and some dark scary spots last week but literally ended up absolutely even on Fannies from Close of Business Friday to Friday.  This is a fairly busy week with a busy calendar, but Treasury activity is likely to be the biggest influence.
Here is what we have in store for this week:
MondayJuly 27: June New home sales was expected up 2.9%. The reality of the number, it … (6 comments)

toms river real estate: Foreclosures, There is some good news out there... A quick look at some numbers. - 06/16/09 07:15 AM
 It is rare that we see good news reported in the media, so here is some REAL information you can share with your clients.
 May foreclosure filings were down 6% from April. This was the first month-on-month decline since January. On top of that, the drop would have been larger except for increases in just a few states.Keep in mind that the bulk of foreclosures are concentrated in a few areas:
If you take out the four states with the highest number of foreclosures, the remaining 46 states had only 1% of mortgages in foreclosure, according to the Mortgage Bankers Association. Also … (6 comments)

toms river real estate: Green Designation, Offered at the OCBR in honor of Earth Day! - 04/22/09 02:49 AM
Happy Earth Day!
In honor of Earth Day, have you considered the Green Designation?
The Ocean County Board of Realtors Education Committee Presents:
How Fast is Your Green Growing?
Get Green and Get Going!
The Green Designation address the concerns of consumers that are seeking real green expertise. The core curriculum includes:
Green Building Concepts, principales and practices marketing to the green consumer financial advantages of properties that are eco-friendly Energy Start, and other rating systems Regulatory issues, Zoning and building codes as related to sustainability and member support with referrals, marketing tools and Consumer awareness. To receive the Green Designation … (1 comments)

toms river real estate: Details for Saturday’s FlowerFest at Toms River library 4/18/09 - 04/17/09 02:06 AM
Details for Saturday's FlowerFest at Toms River library Ocean County Library's FlowerFest starts this Saturday at 11 a.m. at the Toms River branch, 101 Washington Street. The annual festival features Mike McGrath, author and host of the weekly Public Radio program "You Bet Your Garden," at noon and 2 p.m.  The radio program reaches an average of 50,000 listeners in Pennsylvania, New Jersey and Delaware on WHYY-FM.  He will sign copies of his book between his presentations.
Several local experts will present programs during the festival.
Demonstrations by the Garden Club of Toms River on arranging floral miniatures and preserving flowers … (1 comments)

toms river real estate: Master Gardeners Annual Plant Sale: May 2, 2009 - 04/17/09 01:42 AM
It must be spring! (although the Frost on my lawn this morning seems to contradict that just a little!)
Ocean County Master Gardeners Annual Plant Sale
Where: Ocean County Agriculture Department (Rutgers Cooperative Extension) 1623 Whitesville Road Toms River, NJ When: May 2, 2009 from 9am - 2pm (Rain or Shine) What: Plants of course! Perennials, Veggies, Roses Annuals Hanging baskets ETC.... Be sure to Bring a wagon or cart to carry your "stuff" Snacks and Lunch will be available from the 4H club INFO: (732) 349-1245 It must be time to get that garden ready!
Have a GREAT weekend!

toms river real estate: NJ DEP proposes new Well Testing which may cause huge cost increases. - 04/16/09 03:22 AM
 This may seem to be a boring post, but I think it is an important one. As we all know: Wells need to be tested and are often only tested when some one buys a home. This new test will greatly increase the cost of the testing and could de-value homes with wells. Here is the quick down and dirty version I received from my local board of Realtors:
As you may be aware, The NJ DEP has issued an official Notice of Rule Proposal to add Perchlorate to The NJ Private Well Testing Act (PWTA).  A link to the notice may … (5 comments)

toms river real estate: Legislative Affairs Seminar at the Ocean County Board of Realtors - 04/14/09 09:47 AM
Legislative Affairs Seminar
sponsored by
The Ocean County Board of Realtors
Legislative Affairs and Education committees
When: Thursday April 30, 2009 from 2-4pm Where: The Ocean County Board Office Featuring: NJAR Directors; Doug Tomson and Teresa Tilton Cost: FREE for OCBR members, $5 for non Members Deadline to Register: April 23 Contact: OCBR (732) 244-8111 Find out the hot topics that will affect your business and How. There will also be a Q&A session.
It is always important to keep up with everything that has an effect on your career! Be sure to Register today.
Have a GREAT … (1 comments)

toms river real estate: Beware of Forclosure Scams! - 04/07/09 08:43 AM
 Beware of Foreclosure Scams.
I was chatting with a few attorneys, mortgage guys and a Fraud investigator this morning and we have all noticed some scams floating around. One big issue is the news and the predators it creates. Most lenders do not have the home affordable guidelines in place. I spoke with 4 loan Officers from different companies today and none of them have the details yet for how Uncle Sam's plan will be implemented, but we all feel we should have details with in a week or two. In the mean time BE CAREFUL!  It is strongly advised … (6 comments)

toms river real estate: Video Games At the Ocean County Library: Toms River, NJ 4/25/09 - 04/06/09 07:45 AM
Ocean County Library to host video game events
The Toms River Branch of The  Ocean County Library will host an all-day video game event, including three video game tournaments, beginning at 10 a.m. Saturday April 25 in the Toms River branch (101 Washington Street.) Children between the ages of 8 and 12 will compete in a Super Mario Kart tournament at 10 a.m.  Teens between 12 and 18 will compete in Super Smash Brothers Brawl at 10:30 a.m.  And a Battle of the Rock Bands for all ages will start at 3 p.m. Prizes will be awarded to the winners. … (4 comments)

toms river real estate: Hopping Down the Bunny Trail: The Easter Bunny is coming to Toms River on Saturday - 03/31/09 05:13 AM
 Hopping down the bunny trail.... Hi-pity hopity....
Toms River Township is holding its first Easter show this weekend. The target audience is for Preschool through 5th grade.
Who: The Easter Bunny !  When: Saturday April 4, 2009 10:00am Where: Toms River High School South, in the Auditorium What: A magic Show from 10:15-11am Followed by.... The Main EVENT: The Easter Bunny will visit for Family Photos, BYOC  (That's bring your own Camera!) This should be a fun event for your entire family. Get your picture taken with the Easter bunny and walk down town for lunch with the … (4 comments)

Robert Rauf (HomeBridge Financial Services (NJ)) Rainmaker large

Robert Rauf

Toms River, NJ

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HomeBridge Financial Services (NJ)

Address: 9 Grand Ave, Building 2 Suite A, Toms River, NJ , 08753

Office: 732-908-4868

Mobile: 732-740-0175

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The mortgage market is ever changing, do not be afraid to ask what is new!




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