USDA – President Obama has signed the H.R. 2462 Bill Agricultural Act of 2014 protecting USDA that was due to be changed in 2013 and then extended will be protected through the 2020 Census. All Eligible areas are still eligible!
YAY!
If you’re interested in knowing more, respond to this post.
If you are thinking about walking away from your home because you are upside down in your mortgage or having a financial hardship, there are a few questions to ask yourself BEFORE you WALK AWAY.
As a Realtor, I come across a lot of homes that are empty where the families have vacated the home and walked away thinking they are done with the home.
However, you need to ask yourself a few questions BEFORE you make that step:
Will I have continued responsibility for the home (Insurance or Home Owner Association fee (for condos))?
If the house is in Bankruptcy do I still have Responsibility?
Ask your insurance agent HOW to Indemnify yourself if your home is vacant.
Always ask an attorney for legal advice however make sure you ask these questions so your attorney can advise you on these issues in order to protect yourself.
If there was no Actual Foreclosure, DEED IN LIEU or Short Sale the home is still in your name. Verify with your attorney.
You can ALWAYS find something to do in Atlantic City or AC as it is called:
http://www.atlanticcitynj.com/events/
Take a Look
Take Your Pick!
To their Homeless that is. A Gift of a Home. YES, the State of Utah has crunched their numbers and came to the conclusion that the money they are spending on ER visits and jail stays for the Homeless in their great State of Utah would be better spent on giving their homeless citizens a home of their own….NO STRINGS ATTACHED.
Services are provided via a caseworker for guidance to self-sufficiency. Even if they fail, they still keep their home.
As a Realtor, that could put my industry out of business! On the other side of that coin, however, is a great feeling knowing that each one of these citizens will have a roof over their head.
Other States are looking at this model. I don’t know where this will end up, but it is a great start.
If you are a first time homebuyer in Atlantic County New Jersey this could be a great opportunity for you.
You will have to be eligible of course:
a) You will need a 640 credit score
b) Stay in the home for 5 years
c) Minimum out of pocket contribution
d) Bankruptcy ok as long as home is NOT included in bankruptcy.
The grant is UP to Five Thousand Dollars.
If this sounds good to you and you’re ready to move, please respond to this post.
If your credit score is a little shy of 640 and you want to know what’s next, please respond to this post.
Here’s to Your New Home!
If you have some feedback, questions, concerns or want to voice your opinion about the $1.46 billion dollar distribution to come, then be sure to attend the Public Hearing about the second distribution of recovery funds for Sandy. The Public Hearing will be hosted by Stockton State College on Tuesday, February 11, 2014 from 4-7 p.m. at the Performing Arts Center in Galloway, NJ. The public is invited to come and be heard during those hours.
If you live in or near Atlantic City NJ and you’re looking for a Coat, stop by the American Legion at the Soldier’s Home and see what is available. It would make a nice gift for anyone. This is a great way to pay it forward!
We hear about it all the time. Title Insurance.
What is the title they are talking about? Well, it is the ownership you have on the home you just went through all the hoops you jumped through to get the closing at the closing table. It means that you own the home with no problems from others coming forward such as heirs saying that your home is their home. Title insurance protects you against that.
Title insurance protects you BEFORE something occurs so if and when it does since you paid for the insurance at the closing table. It is kind of like pre-coverage just in case something comes up that the title search didn’t reveal.
Failure to purchase the owner’s policy can be very risky. For instance, say you decide at the closing table to “SAVE” the cost of an owner’s title policy because the title had already been checked. However, unknown to the home buyer, the developer had not paid the construction bills on the home. A mechanic’s lien had been placed on the home and since the homeowner decided NOT to purchase the owner’s policy which would have protected the home buyer who was attempting to save money.
Attempting to save money costs the home buyer thousands of dollars. Don’t make the same mistake, PURCHASE YOUR TITLE INSURANCE!
Homes of Atlantic County NJ 