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Archive for July, 2008

Here are the current mortgage rates as of Thursday, July 31, 2008

30 Year Fixed Community Works Program 6.250% 0 Points
30 Year Conforming Fixed Rate 6.625% 0 Points
15 Year Conforming Fixed Rate 6.125% 0 Points
5/1 ARM Conforming 6.000% 0 Points
30 Year Jumbo Fixed Rate 6.750% 0 Points

See you next time ūüôā
 

You can contact me to list your property for sale or to¬†purchase a property in all of Rockland County. Marilyn Malave Licensed Agent, Realtor¬ģ Prudential Rand Realty at (845) 300-1741

 I am accepting referrals.

 
My real estate website is Marilyn Malave Rockland County NY Real Estate Website  
Marilyn Malave Licensed Real Estate Agent, REALTOR¬ģ Prudential Rand Realty Direct: (845)300-1741 Email: malavemarilyn@aol.com Website: Marilyn Malave Rockland County NY Real Estate Website¬†
Contact Information
Marilyn Malave
Licensed Real Estate Salesperson
Prudential Rand Realty
Direct: (845)300-1741
Email: malavemarilyn@aol.com
Website: www.RandRealtor.com
Blog: http://www.RocklandBuzz.com

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I specialize in ¬†both conventional and short sales¬†¬†in Rockland County and have definitely seen an increase in short sales in all the Rockland areas. There are so many homeowners out there that need help, in fact¬†a local legal professional told us the other day that it looked like¬†in the near future up to one third of all Rockland residential sales were going to be short sales, EGADS!. After the initial shock of this comment I decided to put in a post about this subject because there are a lot of people who don’t know the difference between a short sale and a foreclosure.¬†¬†They are very confused and need help.

The following are these terms explained…

A short sale is when a lender accepts less than the full amount owed on a mortgage from the home owner and absorbs the difference. This happens when the property is worth less than the amount owed to the lender and the owner must sell because he can no longer afford to pay the debt. The lender is usually willing to accept a short sale and take the loss because it is cheaper than going through the whole process of a foreclosure. In most cases it does not affect the home owners credit and they walk away free and clear. What happens is that the property is put on the market and the amount it sells for is used to pay the mortgage, liens, taxes, real estate agent, attorney, etc. the negative amount is then absorbed by the lender.

A Foreclosure is a whole other animal, this is when the home owner defaults on a loan and the lender seizes the property. This is the worst case scenario. In this case you lose the house, your credit is ruined, it just stinks.

Property seized by a bank is called an REO (Real Estate Owned) these are foreclosure properties that the bank has already seized and now owns.

If you’re having trouble paying your mortgage and feel that your situation is not going to change for the better anytime soon please contact your lender and explain the problem to them. The worst thing you can do¬†is ignore¬†the problem¬†till the last minute¬†and have your home seized.

If you’re struggling to make payments, and you think¬†a short sale¬†is¬†the road you might¬†have to take (you are not alone)¬†please give me a call or email me, I have a great team that works with buyers that are considering a short sale, you can get the help you need, all you have to do is call, I’m always here to help.

I hope this explains it a little for you, times are tough and short sales and foreclosures are definitely on the rise lets just hope that it doesn’t last for much longer, and remember I’m always here for you so please feel free to contact me if you want to talk about your options, it will be completely confidential. You can call me at (845) 300-1741 or email me at malavemarilyn@aol.com

 

Contact Information

Marilyn Malave
Licensed Real Estate Salesperson
Prudential Rand Realty
Direct: (845)300-1741
Email: malavemarilyn@aol.com
Website: www.RandRealtor.com
Blog: http://www.RocklandBuzz.com

 

 

 

 

 

 

 

 

 

 

Now remember this post or comments on this post are not to be used as legal, tax or any other kind of advice, please please please consult with a professional if you are considering any of these options.

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According to the Journal News the Zoning Board of Appeals has granted all the variances to the Ramapo Hills Development. Ramapo Hills is planning on building 263 condominiums in south Sloatsburg.¬† Sloatsburg Trustee Brian Nugent and many other people have a problem with this, Nugent was even quoted as saying “The more buildings, the more people and the more traffic.” While others believe that it will better the community by bringing housing.

What’s your opinion? You can read the full Journal News story by following this link Ramapo Hills, Sloatsburg NY Condo Development.

See you next time:)

 

You can contact me to list your property for sale or to¬†purchase a property in all of Rockland County. Marilyn Malave Licensed Agent, Realtor¬ģ Prudential Rand Realty at (845) 300-1741

 I am accepting referrals.

 
My real estate website is Marilyn Malave Rockland County NY Real Estate Website  
Marilyn Malave Licensed Real Estate Agent, REALTOR¬ģ Prudential Rand Realty Direct: (845)300-1741 Email: malavemarilyn@aol.com Website: Marilyn Malave Rockland County NY Real Estate Website¬†
Contact Information
Marilyn Malave
Licensed Real Estate Salesperson
Prudential Rand Realty
Direct: (845)300-1741
Email: malavemarilyn@aol.com
Website: www.RandRealtor.com
Blog: http://www.RocklandBuzz.com

Read Full Post »

 Hi everybody, here are the current mortgage rates as of 7/24/2008

30 Year Fixed Community Works Program 6.375% 0 Points 

30 Year Conforming Fixed Rate 6.750% 0 Points

15 Year Conforming Fixed Rate 6.250% 0 Points

5/1 ARM Conforming 6.125% 0 Points

30 Year Jumbo Fixed Rate 6.625% 0 Points

See you next time ūüôā

 

You can contact me to list your property for sale or to¬†purchase a property in all of Rockland County. Marilyn Malave Licensed Agent, Realtor¬ģ Prudential Rand Realty at (845) 300-1741

 I am accepting referrals.

 
My real estate website is Marilyn Malave Rockland County NY Real Estate Website  
Marilyn Malave Licensed Real Estate Agent, REALTOR¬ģ Prudential Rand Realty Direct: (845)300-1741 Email: malavemarilyn@aol.com Website: Marilyn Malave Rockland County NY Real Estate Website¬†
Contact Information
Marilyn Malave
Licensed Real Estate Salesperson
Prudential Rand Realty
Direct: (845)300-1741
Email: malavemarilyn@aol.com
Website: www.RandRealtor.com
Blog: http://www.RocklandBuzz.com

Read Full Post »

I’ve been getting a lot of questions regarding Fannie Mae and Freddie Mac. People don’t understand what they are and why the government had to help them out. Should we be worried? Does this affect us? I get these questions all the time,¬†so I thought I’d include this link where David Reed gives an explanation.
David Reed is a mortgage expert with walletpop.com and I think he explains the situation with Fannie Mae and Freddie Mac quite nicely.
Fannie Mae & Freddie Mac Explained.

See you next time ūüôā

 

You can contact me to list your property for sale or to¬†purchase a property in all of Rockland County. Marilyn Malave Licensed Agent, Realtor¬ģ Prudential Rand Realty at (845) 300-1741

 I am accepting referrals.

 
My real estate website is Marilyn Malave Rockland County NY Real Estate Website  
Marilyn Malave Licensed Real Estate Agent, REALTOR¬ģ Prudential Rand Realty Direct: (845)300-1741 Email: malavemarilyn@aol.com Website: Marilyn Malave Rockland County NY Real Estate Website¬†
Contact Information
Marilyn Malave
Licensed Real Estate Salesperson
Prudential Rand Realty
Direct: (845)300-1741
Email: malavemarilyn@aol.com
Website: www.RandRealtor.com
Blog: http://www.RocklandBuzz.com

Read Full Post »

30 Year Fixed Community Works Program 6.125% 0 Points
30 Year Conforming Fixed Rate 6.500% 0 Points
15 Year Conforming Fixed Rate 6.000% 0 Points
5/1 ARM Conforming 5.875% 0 Points
30 Year Jumbo Fixed Rate 6.375% 0 Points

 

You can contact me to list your property for sale or to¬†purchase a property in all of Rockland County. Marilyn Malave Licensed Agent, Realtor¬ģ Prudential Rand Realty at (845) 300-1741

 I am accepting referrals.

 
My real estate website is Marilyn Malave Rockland County NY Real Estate Website  
Marilyn Malave Licensed Real Estate Agent, REALTOR¬ģ Prudential Rand Realty Direct: (845)300-1741 Email: malavemarilyn@aol.com Website: Marilyn Malave Rockland County NY Real Estate Website¬†
Contact Information
Marilyn Malave
Licensed Real Estate Salesperson
Prudential Rand Realty
Direct: (845)300-1741
Email: malavemarilyn@aol.com
Website: www.RandRealtor.com
Blog: http://www.RocklandBuzz.com

Read Full Post »

I’ve been told a million times by friends to create a profile with LinkedIn.com. It’s suposed to help you connect with people from your past. I wasn’t to keen on that idea (everybody you’ve EVER¬†known eyeballing your profile ūüė¶ ), but the more I thought about it the more I thought “Why not?” My fellow Rocklanders can get more information about me and what I do, So I finally caved and I have to tell you I liked it a lot. Please check it out and tell me what you think ūüôā
View Marilyn Malave's profile on LinkedIn

 

You can contact me to list your property for sale or to¬†purchase a property in all of Rockland County. Marilyn Malave Licensed Agent, Realtor¬ģ Prudential Rand Realty at (845) 300-1741

 I am accepting referrals.

 
My real estate website is Marilyn Malave Rockland County NY Real Estate Website  
Marilyn Malave Licensed Real Estate Agent, REALTOR¬ģ Prudential Rand Realty Direct: (845)300-1741 Email: malavemarilyn@aol.com Website: Marilyn Malave Rockland County NY Real Estate Website¬†
Contact Information
Marilyn Malave
Licensed Real Estate Salesperson
Prudential Rand Realty
Direct: (845)300-1741
Email: malavemarilyn@aol.com
Website: www.RandRealtor.com
Blog: http://www.RocklandBuzz.com

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