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Renters Are Losing Money Every Year

Renters, have you any idea of how much money you are throwing away each year? If you only knew how much money you will MAKE just by buying a home, you'd be foolish not to buy a home through us! Did you know that in addition to the tax deductions you receive as a home owner that you can get tax money BACK from the Federal Government.

Not only is interest that you pay on your mortgage loan tax-deductible, but the US government is providing a tax CREDIT (not simply a deduction) of up to $7500 for most first time homebuyers. In short, the US Government is bending over backwards to help people become homeowners at a time when there already are real estate bargains everywhere! For a limited time, qualified first-time homebuyers may receive a tax credit up to $7,500 as part of the Housing and Economic Recovery Act of 2008.

If you plan to live in the home as your primary residence and have not owned a home during the past three years, you may qualify for the tax credit. This tax credit must be repaid over a 15-year period. Take your first step by calling us for more information and recommend the best mortgage loan advisors on our team that work with first time home buyers. You may be able to buy your first home sooner than you thought possible. Just how much money can you gain when you own your own home? As an example, the tax deductions you're eligible to take for mortgage interest and property taxes greatly increase the financial benefits of homeownership. Here's how it works.

Assume
: $9,877 = Mortgage interest paid (a loan of $150,000 for 30 years, at 7 percent, using year-five interest)
$2,700 = Property taxes (at 1.5 percent on $180,000 assessed value)
______
$12,577 = Total deduction

Then, multiply your total deduction by your tax rate.
For example, at a 28 percent tax rate: 12,577 x 0.28 = $3,521.56
$3,521.56 = Amount you have lowered your federal income tax (at 28 percent tax rate)
Plus $7,500.00 from the federal government

Equals $11,021.56 in a potential tax refund!

Linda & Terry Iwaniw
============================
REALTOR Associates
ReSales & Investment Realty, LLC
http://www.sjerseyhomes.com/
Cell: 609-417-1084
Office: 856-795-3111 x262
============================

Terry Iwaniw | Create Your Badge


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1 comment • Terry Iwaniw - S NJ REALTOR • January 29 2009 04:25PM

2008 YTD Market Analysis for Washington Township

The I-Team Homes has been marketing quite extensively in Washington Township NJ including the area of Turnersville & Sewell. We provide housing market analysis for our clients. The following is the most current YTD data we have for Washington Township (we have made some modifications to the way we use to present this information):

Washington Township YTD Market Report

Monthly Statistics for the Date Range Selected
Date # Units Listed Listed Volume $ Listed Average $ # Pended # Units Sold Sold Volume$ Sold Average$ Avg Days On Market
Jan 2009 69 19,198,344 278,236 14 14 3,064,700 218,907 87
Dec 2008 36 8,711,830 241,995 24 17 4,204,400 247,317 102
Nov 2008 57 16,817,799 295,049 16 17 3,902,600 229,564 77
Oct 2008 79 21,137,272 267,560 24 33 7,177,750 217,507 119
Sep 2008 90 31,340,450 348,227 25 25 6,391,110 255,644 75
Aug 2008 71 18,665,688 262,897 32 38 9,717,200 255,715 89
July 2008 86 23,274,756 270,636 37 45 10,526,000 233,911 72
June 2008 88 23,971,278 272,400 37 45 11,208,600 249,080 77
May 2008 99 26,922,988 271,949 38 43 9,705,749 225,715 68
Apr 2008 116 30,813,825 265,636 43 41 10,051,100 245,148 84
Mar 2008 107 27,447,397 256,517 47 37 8,295,400 224,200 82
Feb 2008 111 30,528,281 275,029 43 43 10,051,983 233,767 97
Jan 2008 92 27,566,494 299,635 44 22 5,087,300 231,240 93
                 
Totals: 1101 306,396,402 278,289 424 420 99,383,892 236,628 85

  • ->Currently, there are 335 active lisintgs on the market.
  • ->The average number of sales per month are 33 homes sold/month.
  • ->The current average sales price is $298,642
  • ->The number of months of inventory is 10 months (the number of months needed to sell off all of the homes currently on the market)

We can provide you with a complete and accurate market analysis for your home with an analysis of the market area it is located in. By knowing the value of your home you have a basis to start selling your home. If you want to know the value of your home and to receive a no-cost home evaluation, please call 609-417-1084.

For first time home buyers, purchasing your first home can be a very stressful experience. We can help eliminate that stress and help you through the process. We work closely with many first time home buyers and understand your concerns. First Time Home Buyer Programs, 0% and No Money Down Programs, Conventional, FHA, and VA Financing (To Qualified Buyers). Seller Assist with Closing Costs, New Homes Existing Homes in Great Neighborhoods, Fixer Upper Properties. We search all of Camden, Burlington, Gloucester, Salem, Cumberland, and Atlantic Counties. Go to http://www.homes4firsttimebuyers.com/

Looking for a fixer upper property? Willing to put in some "sweat equity" to buy your next home at a bargain price. Get a complete listing of fixer uppers in your area by going to http://www.bestfixerhomes.com/

If you are interested in purchasing HUD Owned Homes, go to: http://www.njhudsales.com/.

Are you behind on your mortgage? We can help you! We are the Foreclosure Prevention Consultants. We've been where you are now, don't make the same mistakes we did. See what we can do for you at http://www.i-teamhomes.com/foreclosure.htm

.

Linda & Terry Iwaniw
REALTOR Associates
First Time Home Buyer Specialist
Foreclosure Prevention Consultant
ReSales & Investment Realty, LLC
Office: 856-795-3111 x263
Cell: 609-417-1084
http://www.terryi.com/
http://www.snewjerseyhomes.com/

Terry Iwaniw | Create Your Badge


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0 comments • Terry Iwaniw - S NJ REALTOR • January 27 2009 06:39PM

2008 YTD Market Analysis for Winslow Township

The I-Team Homes has been marketing quite extensively in Winslow Township NJ including the area of Sicklerville. We provide housing market analysis for our clients. The following is the most current YTD data we have for Winslow Township (we have made some modifications to the way we use to present this information):

Winslow Township YTD Market Report

Monthly Statistics for the Date Range Selected
Date # Units Listed Listed Volume $ Listed Average $ # Pended # Units Sold Sold Volume $ Sold Average $ Avg Day On Market
Jan 2009 68 14,782,880 217,395 15 12 2,502,250 208,520 104
Dec 2008 74 15,193,468 205,317 31 34 6,174,793 181,611 95
Nov 2008 75 15,607,179 208,095 31 29 6,582,400 226,979 103
Oct 2008 76 18,706,692 246,140 33 31 6,080,765 196,153 68
Sep 2008 117 26,769,904 228,802 26 47 9,548,913 203,168 101
Aug 2008 122 27,872,331 228,461 43 36 6,574,275 182,618 88
July 2008 149 34,863,947 233,986 42 46 8,628,654 187,579 82
June 2008 116 27,618,787 238,092 47 46 9,571,225 208,070 69
May 2008 126 28,785,473 228,456 40 38 7,642,400 201,115 79
Apr 2008 141 31,785,227 225,427 45 36 7,893,450 219,262 96
Mar 2008 149 35,093,130 235,524 39 33 6,463,000 195,848 96
Feb 2008 137 34,680,569 253,142 42 25 5,625,780 225,031 103
Jan 2008 154 39,610,031 257,207 33 32 6,562,300 205,071 80
                 
Totals: 1504 351,369,618 233,623 467 445 89,850,205 201,910 88

  • ->Currently, there are 463 active lisintgs on the market.
  • ->The average number of sales per month are 36 homes sold/month.
  • ->The current average sales price is $238,050
  • ->The number of months of inventory is 12 months (the number of months needed to sell off all of the homes currently on the market)

 

We can provide you with a complete and accurate market analysis for your home with an analysis of the market area it is located in. By knowing the value of your home you have a basis to start selling your home. If you want to know the value of your home and to receive a no-cost home evaluation, please call 609-417-1084.

For first time home buyers, purchasing your first home can be a very stressful experience. We can help eliminate that stress and help you through the process. We work closely with many first time home buyers and understand your concerns. First Time Home Buyer Programs, 0% and No Money Down Programs, Conventional, FHA, and VA Financing (To Qualified Buyers). Seller Assist with Closing Costs, New Homes Existing Homes in Great Neighborhoods, Fixer Upper Properties. We search all of Camden, Burlington, Gloucester, Salem, Cumberland, and Atlantic Counties. Go to http://www.homes4firsttimebuyers.com/

Looking for a fixer upper property? Willing to put in some "sweat equity" to buy your next home at a bargain price. Get a complete listing of fixer uppers in your area by going to http://www.bestfixerhomes.com/

If you are interested in purchasing a HUD Owned home, go to: http://www.njhudsales.com/.

Are you behind on your mortgage? We can help you! We are the Foreclosure Prevention Consultants. We've been where you are now, don't make the same mistakes we did. See what we can do for you at http://www.i-teamhomes.com/foreclosure.htm

 

Linda & Terry Iwaniw
REALTOR Associates
First Time Home Buyer Specialist
Foreclosure Prevention Consultant
ReSales & Investment Realty, LLC
Office: 856-795-3111 x263
Cell: 609-417-1086
http://www.terryi.com/
http://www.snewjerseyhomes.com/

Terry Iwaniw | Create Your Badge


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0 comments • Terry Iwaniw - S NJ REALTOR • January 27 2009 06:25PM

2008 YTD Market Analysis for Monroe Township

The I-Team Homes has been marketing quite extensively in Monroe Township NJ including the area of Williamstown. We provide housing market analysis for our clients. The following is the most current YTD data we have for Monroe Township (we have made some modifications to the way we use to present this information):

Monroe Township YTD Market Report

Monthly Statistics for the Date Range Selected
Date # Units Listed Listed Volume $ Listed Average $ # Pended # Units Sold Sold Volume $ Sold Average $ Avg Days On Market
Jan 2009 52 12,749,309 245,179 10 9 2,095,545 232,838 61
Dec 2008 33 8,591,841 260,358 18 20 4,747,980 237,399 131
Nov 2008 43 10,150,381 236,055 12 21 4,640,800 220,990 79
Oct 2008 53 13,376,647 252,389 27 25 6,136,450 245,458 91
Sep 2008 60 13,903,731 231,728 24 23 4,295,333 186,753 80
Aug 2008 50 13,438,135 268,762 26 29 6,708,527 231,328 92
July 2008 69 17,277,844 250,403 30 22 5,426,885 246,676 97
June 2008 77 18,682,005 242,623 27 31 6,260,140 201,940 76
May 2008 81 20,467,745 252,688 25 20 5,192,023 259,601 96
Apr 2008 92 24,044,801 261,356 28 26 5,366,690 206,411 93
Mar 2008 76 20,362,225 267,924 38 32 7,578,912 236,841 71
Feb 2008 70 18,549,506 264,992 19 10 2,606,050 260,605 115
Jan 2008 74 18,867,952 254,972 17 17 4,441,200 261,247 94
                 
Totals: 830 210,462,122 253,568 301 285 65,496,535 229,812 89

  • ->Currently, there are 274 active lisintgs on the market.
  • ->The average number of sales per month are 23 homes sold/month.
  • ->The current average sales price is $251,347
  • ->The number of months of inventory is 11 months (the number of months needed to sell off all of the homes currently on the market)

We can provide you with a complete and accurate market analysis for your home with an analysis of the market area it is located in. By knowing the value of your home you have a basis to start selling your home. If you want to know the value of your home and to receive a no-cost home evaluation, please call 609-417-1084.

For first time home buyers, purchasing your first home can be a very stressful experience. We can help eliminate that stress and help you through the process. We work closely with many first time home buyers and understand your concerns. First Time Home Buyer Programs, 0% and No Money Down Programs, Conventional, FHA, and VA Financing (To Qualified Buyers). Seller Assist with Closing Costs, New Homes Existing Homes in Great Neighborhoods, Fixer Upper Properties. We search all of Camden, Burlington, Gloucester, Salem, Cumberland, and Atlantic Counties. Go to http://www.homes4firsttimebuyers.com/

Looking for a fixer upper property? Willing to put in some "sweat equity" to buy your next home at a bargain price. Get a complete listing of fixer uppers in your area by going to http://www.bestfixerhomes.com/

If you are interested in purchasing HUD Owned Homes, go to: http://www.njhudsales.com/.

Are you behind on your mortgage? We can help you! We are the Foreclosure Prevention Consultants. We've been where you are now, don't make the same mistakes we did. See what we can do for you at http://www.i-teamhomes.com/foreclosure.htm

.

Linda & Terry Iwaniw
REALTOR Associates
First Time Home Buyer Specialist
Foreclosure Prevention Consultant
ReSales & Investment Realty, LLC
Office: 856-795-3111 x263
Cell: 609-417-1084
http://www.terryi.com/
http://www.snewjerseyhomes.com/

Terry Iwaniw | Create Your Badge


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0 comments • Terry Iwaniw - S NJ REALTOR • January 27 2009 05:58PM

2008 YTD Market Analysis for Gloucester Township

The I-Team Homes has been marketing quite extensively in Gloucester Township NJ including the areas of Blackwood, Erial, and Laurel Springs. We provide housing market analysis for our clients. The following is the most current 2008 YTD data we have for Gloucester Township (we have made some modifications to the way we use to present this information):

Gloucester Township YTD Market Report

Monthly Statistics for the Date Range Selected
Date # Units Listed Listed Volume $ Listed Average $ # Pended # Units Sold Sold Volume $ Sold Average $ Avg Day On Market
Jan 2009 87 18,060,159 207,588 22 8 1,210,400 151,300 119
Dec 2008 71 14,301,853 201,434 25 27 4,608,686 170,692 107
Nov 2008 79 17,375,973 219,949 23 50 9,658,313 193,166 68
Oct 2008 94 19,361,592 205,974 53 47 8,828,303 187,836 103
Sep 2008 121 24,943,225 206,142 58 49 9,641,200 196,759 81
Aug 2008 135 28,174,065 208,696 46 50 10,315,939 206,318 94
July 2008 151 32,503,494 215,254 42 54 10,187,698 188,661 69
June 2008 131 28,700,251 219,085 50 67 14,609,016 218,045 84
May 2008 152 32,160,450 211,581 53 58 12,152,186 209,520 86
Apr 2008 172 37,516,452 218,118 74 48 9,908,509 206,427 84
Mar 2008 158 36,587,836 231,568 65 53 10,237,990 193,169 92
Feb 2008 168 38,137,477 227,008 54 40 7,436,200 185,905 99
Jan 2008 163 35,730,984 219,208 49 47 9,354,178 199,025 110
                 
Totals: 1682 363,553,811 216,143 614 598 118,148,618 197,572 89

  • ->Currently, there are 516 active lisintgs on the market.
  • ->The average number of sales per month are 49 homes sold/month.
  • ->The current average sales price is $218,856
  • ->The number of months of inventory is 10 months (the number of months needed to sell off all of the homes currently on the market)

We can provide you with a complete and accurate market analysis for your home with an analysis of the market area it is located in. By knowing the value of your home you have a basis to start selling your home. If you want to know the value of your home and to receive a no-cost home evaluation, please call 609-417-1084.

For first time home buyers, purchasing your first home can be a very stressful experience. We can help eliminate that stress and help you through the process. We work closely with many first time home buyers and understand your concerns. First Time Home Buyer Programs, 0% and No Money Down Programs, Conventional, FHA, and VA Financing (To Qualified Buyers). Seller Assist with Closing Costs, New Homes Existing Homes in Great Neighborhoods, Fixer Upper Properties. We search all of Camden, Burlington, Gloucester, Salem, Cumberland, and Atlantic Counties. Go to http://www.homes4firsttimebuyers.com/

Looking for a fixer upper property? Willing to put in some "sweat equity" to buy your next home at a bargain price. Get a complete listing of fixer uppers in your area by going to http://www.bestfixerhomes.com/

If you are interested in purchasing a HUD Owned home, go to: http://www.njhudsales.com/.

Are you behind on your mortgage? We can help you! We are the Foreclosure Prevention Consultants. We've been where you are now, don't make the same mistakes we did. See what we can do for you at http://www.i-teamhomes.com/foreclosure.htm

.

Linda & Terry Iwaniw
REALTOR Associates
First Time Home Buyer Specialist
Foreclosure Prevention Consultant
ReSales & Investment Realty, LLC
Office: 856-795-3111 x263
Cell: 609-417-1084
http://www.terryi.com/
http://www.snewjerseyhomes.com/

Terry Iwaniw | Create Your Badge


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0 comments • Terry Iwaniw - S NJ REALTOR • January 27 2009 04:57PM

2008 YTD Market Analysis - Berlin Township

The I-Team Homes has been marketing quite extensively in Berlin Township NJ. We provide housing market analysis for our clients. The following is the most current data we have the Year-To-Date figures for Berlin Township (we have made some modifications to the way we use to present this information):

Berlin Township YTD Market Report

Monthly Statistics for the Date Range Selected
Date # Units Listed Listed Volume $ Listed Average $ # Pended # Units Sold Sold Volume $ Sold Average $ Avg Days On Market
Jan 2009 4 1,046,800 261,700 2 0 N/A N/A N/A
Dec 2008 5 1,053,700 210,740 0 0 N/A N/A N/A
Nov 2008 7 1,563,500 223,357 0 2 718,582 359,291 55
Oct 2008 6 1,446,470 241,078 2 5 1,053,000 210,600 69
Sep 2008 7 1,323,200 189,028 5 6 924,000 154,000 91
Aug 2008 9 2,601,018 289,002 5 6 1,208,900 201,483 30
July 2008 10 1,911,950 191,195 7 3 545,400 181,800 163
June 2008 14 2,937,326 209,809 3 2 337,000 168,500 150
May 2008 13 2,896,450 222,803 1 3 641,000 213,666 41
Apr 2008 16 3,441,362 215,085 2 3 586,000 195,333 150
Mar 2008 12 2,540,462 211,705 5 9 1,916,800 212,977 121
Feb 2008 7 1,827,400 261,057 4 0 N/A N/A N/A
Jan 2008 6 1,200,100 200,016 7 8 1,502,300 187,787 41
                 
Totals: 116 25,789,738 222,325 43 47 9,432,982 200,701 84

 

  • ->Currently, there are 40 active lisintgs on the market.
  • ->The average number of sales per month are 4 homes sold/month.
  • ->The current average sales price is $246,422
  • ->The number of months of inventory is 10 months (the number of months needed to sell off all of the homes currently on the market)

We can provide you with a complete and accurate market analysis for your home with an analysis of the market area it is located in. By knowing the value of your home you have a basis to start selling your home. If you want to know the value of your home and to receive a no-cost home evaluation, please call 609-417-1084.

For first time home buyers, purchasing your first home can be a very stressful experience. We can help eliminate that stress and help you through the process. We work closely with many first time home buyers and understand your concerns. First Time Home Buyer Programs, 0% and No Money Down Programs, Conventional, FHA, and VA Financing (To Qualified Buyers). Seller Assist with Closing Costs, New Homes Existing Homes in Great Neighborhoods, Fixer Upper Properties. We search all of Camden, Burlington, Gloucester, Salem, Cumberland, and Atlantic Counties. Go to http://www.homes4firsttimebuyers.com/

Looking for a fixer upper property? Willing to put in some "sweat equity" to buy your next home at a bargain price. Get a complete listing of fixer uppers in your area by going to http://www.bestfixerhomes.com/

If you are interested in purchasing a HUD Owned homes, go to: http://www.njhudsales.com/.

Are you behind on your mortgage? We can help you! We are the Foreclosure Prevention Consultants. We've been where you are now, don't make the same mistakes we did. See what we can do for you at http://www.i-teamhomes.com/foreclosure.htm.

Linda & Terry Iwaniw
REALTOR Associates
First Time Home Buyer Specialist
Foreclosure Prevention Consultant
ReSales & Investment Realty, LLC
Office: 856-795-3111 x263
Cell: 609-417-1086
http://www.terryi.com/
http://www.snewjerseyhomes.com/

Terry Iwaniw | Create Your Badge


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0 comments • Terry Iwaniw - S NJ REALTOR • January 27 2009 04:33PM

Home For Sale in Clayton NJ - Less Then 10 Years Old!

See Other HUD Owned Homes At
http://www.njhudsales.com


Linda & Terry Iwaniw | Resales & Investment Realty | 609-417-1084
444 Moore Blvd, Clayton, NJ
HUD Owned Home Can Be Yours For $1772/mo*.
3BR/2.5BA Single Family House
offered at $198,000
Year Built 2001
Sq Footage 1,668
Bedrooms 3
Bathrooms 2 full, 1 partial
Floors 2
Parking 1 Car garage
Lot Size 12,000 sqft
HOA/Maint $0 per month

DESCRIPTION
This HUD owned 3 bedroom and 2.5 bath home is less then 8 yrs old and features a living room with vaulted ceilings and a large eat-in kitchen. Eligible for FHA financing. Proeprty condition report available on request, call 609-417-1084

see additional photos below
PROPERTY FEATURES
Central A/C Central heat Family room
Living room Dining room Yard

OTHER SPECIAL FEATURES
*Principle,interest,taxes, & insurance payment based on a 30-year FHA fixed rate of 6% with 3.5% dwn
ADDITIONAL PHOTOS
Seller contact info:
Linda & Terry Iwaniw
Resales & Investment Realty
609-417-1084
For sale by agent/broker

powered by postlets Equal Opportunity Housing
Posted: Jan 27, 2009, 1:37pm PST

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0 comments • Terry Iwaniw - S NJ REALTOR • January 27 2009 03:55PM

2008 YTD Market Analysis for Berlin Boro

The I-Team Homes has been marketing quite extensively in Berlin Boro NJ. We provide housing market analysis for our clients. The following is the most current data for the Year-To-Date housing figures we have for Berlin Boro (we have made some modifications to the way we use to present this information):

Berlin Boro 2008 YTD Market Report

 
    <![if supportMisalignedColumns]> <![endif]>
    Monthly Statistics for the Date Range Selected
    Date # Units Listed Listed Volume $ Listed Average $ # Pended # Units Sold Sold Volume $ Sold Average$ Average Days On Market
    Jan 2009 5 1,188,700 237,740 1 0 N/A N/A N/A
    Dec 2008 8 2,125,600 265,700 2 5 1,210,000 242,000 86
    Nov 2008 14 4,457,000 318,357 3 3 584,500 194,833 44
    Oct 2008 10 2,960,400 296,040 3 6 1,455,500 242,583 103
    Sep 2008 12 3,240,081 270,006 10 9 1,720,800 191,200 103
    Aug 2008 12 3,626,399 302,199 4 4 1,072,500 268,125 82
    July 2008 20 4,924,001 246,200 5 9 2,562,094 284,677 160
    June 2008 15 4,235,900 282,393 6 4 937,354 234,338 197
    May 2008 16 3,855,400 240,962 6 7 2,017,150 288,164 97
    Apr 2008 16 4,551,559 284,472 4 6 1,524,051 254,008 42
    Mar 2008 14 4,606,045 329,003 7 5 1,429,000 285,800 111
    Feb 2008 15 4,161,275 277,418 8 4 842,500 210,625 39
    Jan 2008 22 6,937,400 315,336 4 4 1,090,000 272,500 43
                     
    Totals: 179 50,869,760 284,188 63 66 16,445,449 249,173 98

 

  • Currently, there are 53 active lisintgs on the market.
  • The average number of sales per month are 5 homes sold/month.
  • The current average sales price is $284,636
  • The number of months of inventory is 10 months (the number of months needed to sell off all of the homes currently on the market)

We can provide you with a complete and accurate market analysis for your home with an analysis of the market area it is located in. By knowing the value of your home you have a basis to start selling your home. If you want to know the value of your home and to receive a no-cost home evaluation, please call our Real Estate Hotline toll-free at 609-417-1084.

For first time home buyers, purchasing your first home can be a very stressful experience. We can help eliminate that stress and help you through the process. We work closely with many first time home buyers and understand your concerns. First Time Home Buyer Programs, 0% and No Money Down Programs, Conventional, FHA, and VA Financing (To Qualified Buyers). Seller Assist with Closing Costs, New Homes Existing Homes in Great Neighborhoods, Fixer Upper Properties. We search all of Camden, Burlington, Gloucester, Salem, Cumberland, and Atlantic Counties. Go to http://www.homes4firsttimebuyers.com/

Looking for a fixer upper property? Willing to put in some "sweat equity" to buy your next home at a bargain price. Get a complete listing of fixer uppers in your area by going to http://www.bestfixerhomes.com/

If you are interested in purchasing a HUD Owned home, go to: http://www.njhudsales.com

Are you behind on your mortgage? We can help you! We are the Foreclosure Prevention Consultants. We've been where you are now, don't make the same mistakes we did. See what we can do for you at http://www.i-teamhomes.com/foreclosure.htm

.

Linda & Terry Iwaniw
REALTOR Associates
First Time Home Buyer Specialist
Foreclosure Prevention Consultant
ReSales & Investment Realty, LLC
Office: 856-795-3111 x263
Cell: 609-417-1084
http://www.terryi.com/
http://www.snewjerseyhomes.com/

Terry Iwaniw | Create Your Badge


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0 comments • Terry Iwaniw - S NJ REALTOR • January 27 2009 03:35PM

Use Bankruptcy to Stop Mortgage Foreclosure

It is sad but true that bankruptcy is a sure-fire way to stop mortgage foreclosure on your home. That being said, you do need to know what you are doing and you do need competent legal help to make it happen. Not everyone qualifies for bankruptcy and you have to file the right kind of bankruptcy in order to stop mortgage foreclosure on your home.

Chapter 13 bankruptcy involves coming up with a three to five year plan to pay back everyone that you owe. This kind of bankruptcy is essentially a way to restructure your debt. You will still need to pay everyone at least a portion of what you owe but it gives you longer to pay them and within terms that work for you. In order to stop mortgage foreclosure with this kind of bankruptcy, you will need to make sure that your mortgage is part of this debt restructuring. A good bankruptcy attorney will make sure that everything is handled correctly to make that happen. This is the only kind of bankruptcy that can stop mortgage foreclosure on your home and allow you to keep your home.

Filing Chapter 7 bankruptcy can delay the sale of your home but you will not be able to keep your home if you file this kind of bankruptcy. This kind of bankruptcy essentially erases all of your debt. If you are willing to give up your home, need to buy some time to find another place to live, and will not be able to pay any of your debt, this may be a good option for you. Again, a good bankruptcy attorney will be able to advise you as to the best option for you.

If you decide to declare bankruptcy to stop mortgage foreclosure on your home, you will need to inform your lender that you have declared bankruptcy. They cannot stop mortgage foreclosure on your home unless they know that you have declared bankruptcy. Bankruptcy is also not a painless solution. It stays on your credit record and will affect any loan that you try to get for the next 7 to 10 years. While bankruptcy can be a good option in order to stop mortgage foreclosure, it is one that has a price. Be sure that you understand what that price is before you decide.

You can stop mortgage foreclosure on your home by filing bankruptcy. A good bankruptcy attorney will be able to tell you what kind of bankruptcy you need to file and how it will affect your financial future. Be sure you understand all of the risks and costs involved before deciding. Be sure to seek legal advice from a professional attorney before making any moves in this direction.

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0 comments • Terry Iwaniw - S NJ REALTOR • January 21 2009 07:48PM

Classic 7 Bedroom Seashore Home in Ventnor For Sale - Investment Potential!!

Linda & Terry Iwaniw | Resales & Investment Realty | 856-795-3111 x262
16 N Nashville Ave, Ventnor City, NJ
7 Bedroom Home includes a 1 bedroom apt on the lower level in
Ventnor City For Sale
7BR/3BA Single Family House
offered at $379,900
Year Built Unspecified
Sq Footage Unspecified
Bedrooms 7
Bathrooms 3 full, 0 partial
Floors 2
Parking 1 Car garage
Lot Size 2,800 sqft
HOA/Maint $0 per month

DESCRIPTION
What a wonderful opportunity to own a classic seashore home and get a little help with the payments with the lower level apartment. This single family house boast 6 bedrooms and 2 full baths, living room with fireplace, full kitchen and dining room. The ground floor apartment has 1 bedroom + small guest room, 1 bath, kitchen and living room. Outside has an upper deck and lower patio for plenty of outdoor entertaining. This outstanding value is located only 1 block from the bay so you can watch stunning sunsets and just a few blocks to the beach. Don't pass up this chance to live at the shore year round or have a great large summer house for a summer full of fun. Owners said "Bring ALL OFFERS".

see additional photos below
PROPERTY FEATURES
Fireplace Hardwood floor Living room
Dining room Basement Balcony, Deck, or Patio

ADDITIONAL PHOTOS
Seller contact info:
Linda & Terry Iwaniw
Resales & Investment Realty
856-795-3111 x262
For sale by agent/broker

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Posted: Jan 16, 2009, 5:27pm PST

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0 comments • Terry Iwaniw - S NJ REALTOR • January 21 2009 12:19AM