“They’re for more than parking cars, stacking boxes, and holding trash bins. The garage can help sell your home if you stage it right. Most homeowners might think of staging their kitchens and bedrooms, but the garage is a feature that is playing an increasingly important role.”To increase the appeal of your home here are some garage related tips:
When it comes to selling, a garage should be spacious, organized, and a place where buyers can imagine easily storing their own stuff!Read The Garage Can Help Sell Your Home by Phoebe Chongchua.
“BEFORE buying a house, borrowers will undoubtedly do a thorough check of the property, examining its structural soundness and the surrounding neighborhood, among other things; they will research the best type of loan, comparing interest rates, terms and fees. But not all borrowers do due diligence on their lenders.”
“Ferreting out good information is not that easy. For one thing, different kinds of lenders are held to different rules, licenses and disclosure requirements. Some states, like New York and New Jersey, require mortgage brokers to complete criminal background checks through the state police.”So what to do? According to industry experts they
“suggest that borrowers focus more on the individual who would be their mortgage broker, loan officer or loan originator. Among the questions borrowers should be asking them: How long have they been in the field? How well or promptly do they answer questions? Do they want to know the borrower’s financial goals? A look at their work experience and background on their LinkedIn profile may also be helpful.”What should you look for?
“Toxic loans held by New Jersey-based banks continued to climb in the second
quarter even as bad loans at U.S. banks declined, according to new government
data.”
“The Federal Deposit Insurance Corp. said Tuesday in its quarterly industry
profile that loans more than 90 days past due or no longer accruing interest at
New Jersey's 117 banks and thrifts rose to 3.61 percent of total loans as of June 30, up from 2.91 percent a year earlier. Those banks' combined seriously delinquent debt climbed in each of the past four quarters.”
Even the once vaunted Hudson City Savings Bank is feeling the pain. As the Record notes,
"Paramus-based Hudson City Savings Bank, the largest thrift based in New Jersey and a high-end residential mortgage lender, had 123 foreclosed properties on its books at the end of June, up from 52 a year earlier.”
“A weak economy, persistent high unemployment and a slow foreclosure process
have all contributed to the recent rise in bad loans throughout the state, said
Bill Brewer, partner at the Livingston office of Crowe Horwath LLP, a community
bank auditor. "Banks have had a hard time moving this stuff off the books," he
said. "The banks have the capital to withstand this, but it is a continuing
problem.’"
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