Passaic, NJ Real Estate News

By Blast Realty & Oliveri Development LLC R/E Broker & General Contractor, Broker Manager Career
(Blast Realty)
Search Passaic NJ MLS, New Jersey Real Estate Listings & New Homes for Sale in Passaic, NJ. Find Passaic Houses, Townhouses, Condos, & Properties for Sale at Property Hub Realtors
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By Jeff Belonger, The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans
( Social Media - Infinity Home Mortgage Company, Inc)
  The Housing Market might finally have some Good News. Just a few days ago, the House and the Senate passed H.R. 3081. This extension allows Fannie, Freddie, and FHA to loan in High Cost areas without charging extremely high rates, formerly known as jumbo or super jumbo mortgages depending on the size of the loan amounts. So what is this good news?  The conforming loan limits for Fannie, Freddie, and FHA remain at $417,000.  Any loan over $417,000 would fall into the next category, which many just call Jumbo loans. Because of the new extension, these loans can still be sold on the secondary market up to $729,750. Which means that the loan guarantee and insurance programs can continue backing these loans in markets with the highest cost of living. Without the extension, these loan amoun...
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By Jeff Belonger, The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans
( Social Media - Infinity Home Mortgage Company, Inc)
    Topic : $8,000 tax credit for first time homebuyers - And no, I am not trying to beat a dead horse. This post is timely and very important because of the comments and e-mails that I have been receiving. I want to share with you a list, the legal ways that the borrower can receive these monies. As many of us know, you can't use the actual $8,000 tax credit for your downpayment. The IRS even lists this in their instructions. Please read what happened to the Tax Credit : The $8,000 tax credit as a downpayment - GONE -  The second issue? It is fraud to use the tax credit monies as your downpayment. Please read : FRAUD ALERT : Advice on the $8,000 first time homebuyers tax credit.     Here is the basic issue about whether or not you can use the tax credit as your down payment. You can't ...
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By Jim Albano, Team - Jean-Marie Vantuno / Realtors North Jersey Real Estate
(Prudential Damiano Realty )
Recently my friend and fellow Active Rain blogger - Lorrie Semler of Addison Texas - mentioned that her Mom, former Passaic NJ Mayor - Margie Semler, enjoyed writing opinion pieces on North Jersey life and politics. Seeing a natural tie in for my We Love North Jersey group here on Active Rain, I asked Lorrie if she might be able to convince her Mom to write some pertinent posts here on our blog pages. Well, apparently Margie is not a real big computer person, so she's allowed me the honor of posting her words here on my blog. So without further delay.....ladies and gentleman, I present the former Mayor of Passaic NJ, Margie Semler   The Herald News 2/6/09 article "Assembly OKs budget delay" indicates that our representatives in the Trenton Assembly continue to dilly- dally about finaliz...
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By Sal Poliandro - Helping People Win, Broker Associate
(RE/MAX Properties)
Take a look at this gorgeous Passaic, New Jersey multi-family home, just reduced to $350,000! It's a fabulous 6 bedroom, 5 bathroom home constructed in 2004 and close to elementary schools. There are 4 bedrooms and 2 full baths in front and a 2 bedroom 2 bath around back. Quaint yard, great opportunity. This home is priced to sell!  For a private showing appointment contact Sal Poliandro 201-259-2187.  
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