Zillow Advice RSS: Discussion-Guide,All Real Estate Advice Topics,NJ http://www.zillow.com/advice/NJ/all/discussion-guide/ Zillow Advice search results | Zillow Real Estate WHat are the Minimum Credit Scores Required for FHA Loans http://www.zillow.com/advice-thread/WHat-are-the-Minimum-Credit-Scores-Required-for-FHA-Loans/444776/ Many clients want to know what is the minimum credit score they will need to qualify for FHA loans. The information out there can be confusing especially if it is out of date!<br/><div style="text-align: right;" class="answer_body">Information on FHA loan requirements that was gathered even two years ago is now out of date. Modifications to the rules for required credit score requirements have changed.To get maximum financing on typical new home purchases, applicants should have a credit score of 580 or better. Applicants with a credit score of 500 to 579 according the the FHA guidelines, are "limited to 90 percent LTV". That means you must put 10% down.&nbsp;<br/>Applicants who wish to qualify for 100% FHA loan financing with no down payment required the FHA 203(h), Mortgage Insurance for Disaster Victims home buyers will need a credit score of 500 or better.&nbsp;<br/><br/>To get specific information on different types of FHA Loans available go to:&nbsp;<br/><br/><a rel="nofollow" href="http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/fhahistory">http://portal.hud.gov/hudportal/HUD?src=/program_offices/hou&hellip;</a>&nbsp;<br/></div><br \><br \>46 replies Wed, 30 May 2012 12:35:00 GMT http://www.zillow.com/advice-thread/WHat-are-the-Minimum-Credit-Scores-Required-for-FHA-Loans/444776/ 2012-05-30T12:35:00Z Any luck with Hudson City Savings Bank Loan Mod? http://www.zillow.com/advice-thread/Any-luck-with-Hudson-City-Savings-Bank-Loan-Mod/449360/ Hi All,<br/>We have our mortgage held by Hudson City Savings Bank in NJ. The principal balance is 480k. I noticed that the Zestimate had climbed to 575k and hence thought I stood a chance for a refi. The "professional" appraisal came in at 400k. <br/><br/>We are struggling with a 5.25% mortgage rate and are desperately trying to get our payments lowered. Hudson City has not picked up the phone or answered an email in about 12 months. Goes without saying that I'll never take a loan from them ever again.<br/><br/>We have now submitted our file to Hudson City via NACA. <br/>Has anyone had any luck with these guys? <br/>Any other suggestions?<br/><br/>thanks in advance<br \><br \>54 replies Mon, 02 Jul 2012 18:00:00 GMT http://www.zillow.com/advice-thread/Any-luck-with-Hudson-City-Savings-Bank-Loan-Mod/449360/ 2012-07-02T18:00:00Z Any luck with Hudson City Savings Bank Loan Mod? http://www.zillow.com/advice-thread/Any-luck-with-Hudson-City-Savings-Bank-Loan-Mod/449360/ Hi All,<br/>We have our mortgage held by Hudson City Savings Bank in NJ. The principal balance is 480k. I noticed that the Zestimate had climbed to 575k and hence thought I stood a chance for a refi. The "professional" appraisal came in at 400k. <br/><br/>We are struggling with a 5.25% mortgage rate and are desperately trying to get our payments lowered. Hudson City has not picked up the phone or answered an email in about 12 months. Goes without saying that I'll never take a loan from them ever again.<br/><br/>We have now submitted our file to Hudson City via NACA. <br/>Has anyone had any luck with these guys? <br/>Any other suggestions?<br/><br/>thanks in advance<br \><br \>54 replies Mon, 02 Jul 2012 18:00:00 GMT http://www.zillow.com/advice-thread/Any-luck-with-Hudson-City-Savings-Bank-Loan-Mod/449360/ 2012-07-02T18:00:00Z Terrific New Jersey Tenant Rights Guide http://www.zillow.com/advice-thread/Terrific-New-Jersey-Tenant-Rights-Guide/441823/ This <a href="http://www.lsnjlaw.org/english/placeilive/irentmyhome/tenantsrights/" rel="nofollow">tenants rights guide for New Jersey</a> has a helpful chapter index and covers everything including security deposits, leases, landlord responsibilities and evictions. Information to the NJ law sections are also provided for more information.<br/><br/>Read your lease before you sign, know your tenant rights and keep things in writing to avoid issues with your landlord.<br \><br \>1 reply Mon, 07 May 2012 16:25:00 GMT http://www.zillow.com/advice-thread/Terrific-New-Jersey-Tenant-Rights-Guide/441823/ 2012-05-07T16:25:00Z Terrific New Jersey Tenant Rights Guide http://www.zillow.com/advice-thread/Terrific-New-Jersey-Tenant-Rights-Guide/441823/ This <a href="http://www.lsnjlaw.org/english/placeilive/irentmyhome/tenantsrights/" rel="nofollow">tenants rights guide for New Jersey</a> has a helpful chapter index and covers everything including security deposits, leases, landlord responsibilities and evictions. Information to the NJ law sections are also provided for more information.<br/><br/>Read your lease before you sign, know your tenant rights and keep things in writing to avoid issues with your landlord.<br \><br \>1 reply Mon, 07 May 2012 16:25:00 GMT http://www.zillow.com/advice-thread/Terrific-New-Jersey-Tenant-Rights-Guide/441823/ 2012-05-07T16:25:00Z WHat are the Minimum Credit Scores Required for FHA Loans http://www.zillow.com/advice-thread/WHat-are-the-Minimum-Credit-Scores-Required-for-FHA-Loans/444776/ Many clients want to know what is the minimum credit score they will need to qualify for FHA loans. The information out there can be confusing especially if it is out of date!<br/><div style="text-align: right;" class="answer_body">Information on FHA loan requirements that was gathered even two years ago is now out of date. Modifications to the rules for required credit score requirements have changed.To get maximum financing on typical new home purchases, applicants should have a credit score of 580 or better. Applicants with a credit score of 500 to 579 according the the FHA guidelines, are "limited to 90 percent LTV". That means you must put 10% down.&nbsp;<br/>Applicants who wish to qualify for 100% FHA loan financing with no down payment required the FHA 203(h), Mortgage Insurance for Disaster Victims home buyers will need a credit score of 500 or better.&nbsp;<br/><br/>To get specific information on different types of FHA Loans available go to:&nbsp;<br/><br/><a rel="nofollow" href="http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/fhahistory">http://portal.hud.gov/hudportal/HUD?src=/program_offices/hou&hellip;</a>&nbsp;<br/></div><br \><br \>45 replies Wed, 30 May 2012 12:35:00 GMT http://www.zillow.com/advice-thread/WHat-are-the-Minimum-Credit-Scores-Required-for-FHA-Loans/444776/ 2012-05-30T12:35:00Z 90% LTV Home Equity Loan in Florida http://www.zillow.com/advice-thread/90-LTV-Home-Equity-Loan-in-Florida/504259/ Bought our home last year for $390,000, financing $351,000 and now owe $345,000. Based on recent comps, home has appreciated and now worth $425K conservatively. We rented out and still own our previous residence and were able to qualify for the second home without even renting out the first home. Took out a $35K 401K loan to make the downpayment on our current home. We have credit in the high 700s and my husband is still with the same employer for 13+ years. Is it possible to get a Home Equity Loan of say 90% LTV to pay off the 401K loan? How high LTV will lenders go in our situation?<br \><br \>4 replies Tue, 30 Jul 2013 02:43:00 GMT http://www.zillow.com/advice-thread/90-LTV-Home-Equity-Loan-in-Florida/504259/ 2013-07-30T02:43:00Z Success? http://www.zillow.com/advice-thread/Success/41880/ <p>Has anyone sold their house from advertising on here and no where else?</p><p>&nbsp;</p><p>Thanks!</p><p>Lisa</p><p>&nbsp;</p><br \><br \>3 replies Thu, 04 Sep 2008 18:00:00 GMT http://www.zillow.com/advice-thread/Success/41880/ 2008-09-04T18:00:00Z WARNING DODGY REAL ESTATE AGENTS IN HIGHLAND PARK: MARC LAURANO PREFFERED PROPERTIES: an exerpt from http://www.zillow.com/advice-thread/WARNING-DODGY-REAL-ESTATE-AGENTS-IN-HIGHLAND-PARK-MARC-LAURANO-PREFFERED-PROPERTIES-an-exerpt-from/453277/ &nbsp;We recently vacated 703 South 1st avenue in Highland Park, currently listed as a 3 bedroom, which is really a 2 bedroom with a sunporch.&nbsp; I open with this to create a framework to understand the Lauranos and how they do business. When we looked at the house they promised to build a sunporch at the offered rate of 1,550, which was our deciding factor as to weather or not to take the property.&nbsp; I was pregnant at the time and as my baby approached the Laurano's made no attempt to let us know that the room was not going to be built.&nbsp; We finally found out that they had no intention of building the room we asked for a reduction in rent.&nbsp; This was met with aggression and defensiveness. In the months that followed the Laurano's would show up to the property at odd times, unannounced.&nbsp; To the point in which I started to keep a log.&nbsp; One of these times was during Memorial Day of 2011.&nbsp; My husband and I were enjoying the backyard when Beth Laurano was in our backyard for no real reason clear to us.&nbsp; This became normal to the point in which I had to let them know if they showed up unannounced again I would have to call the police. I felt unsafe in my own home.&nbsp; Once my child was born I was in fear that they would further disrupt this precious time in our lives. Our frustration climaxed when Marc Laurano asked us not to park in front of the property so he could show up whenever he wished.&nbsp; When it came time to renew, they raised our rent $350.&nbsp; Since the trust was completely broken we did not renew and presented them with a letter.&nbsp; At that time Marc Laurano threatened my husband by saying "I better not hear anything about me on Main Street" and "that he knows people at Rutgers so he better watch out for his job." I have filed a formal complaint with the town.<br \><br \>3 replies Mon, 30 Jul 2012 15:00:00 GMT http://www.zillow.com/advice-thread/WARNING-DODGY-REAL-ESTATE-AGENTS-IN-HIGHLAND-PARK-MARC-LAURANO-PREFFERED-PROPERTIES-an-exerpt-from/453277/ 2012-07-30T15:00:00Z Zestimates in the Jersey Shore Area http://www.zillow.com/advice-thread/Zestimates-in-the-Jersey-Shore-Area/514974/ I am concerned about the accuracy (or possible inaccuracy) of the "Zestimates" in the Jersey Shore area; specifically Ship Bottom, NJ where my home is located. &nbsp;I believe the Zestimates are based on homes being sold in the area with comparable basic amenities. &nbsp;However, many of the homes being sold in this area currently are homes that have been remediated following Hurricane Sandy, and are stripped of interior walls, kitchen cabinets and appliances, bathroom facilities, and even electricity. &nbsp;Therefore homes that would generally sell in the 700k-900k range are now being offered at 400k-500k, but are not in move-in condition. &nbsp;Further, many of these homes will require 'raising' in order to secure flood insurance coverage, which is necessary with a mortgage. &nbsp;This is, therefore, bringing down the Zestimate on my home, which suffered NO damage, is move-in ready, situated high above flood level, and fully furnished. &nbsp;I am concerned that Zillow is misleading potential buyers into believing I have my home overpriced. &nbsp;<br \><br \>3 replies Fri, 11 Oct 2013 20:39:00 GMT http://www.zillow.com/advice-thread/Zestimates-in-the-Jersey-Shore-Area/514974/ 2013-10-11T20:39:00Z Closing Early in the Month http://www.zillow.com/advice-thread/Closing-Early-in-the-Month/517384/ I'm selling a residential property in the beginning month (closing on let's say the 8th). Mortgage payments for the property are due on the 1st, with a 15 day grace period. My attorney advised that I don't make a mortgage payment the month of the sale/closing because the mortgage loan will be payed in full later that month and I will save the interest payment for that month. Is this good advice? Won't the lender charge want the interest due in that month since the payment is technically due on the 1st?<br \><br \>5 replies Thu, 31 Oct 2013 03:39:00 GMT http://www.zillow.com/advice-thread/Closing-Early-in-the-Month/517384/ 2013-10-31T03:39:00Z Home Buying http://www.zillow.com/advice-thread/Home-Buying/513777/ <strong>I would like to see the home and make a offer.</strong><br \><br \>6 replies Wed, 02 Oct 2013 04:13:00 GMT http://www.zillow.com/advice-thread/Home-Buying/513777/ 2013-10-02T04:13:00Z VA IRRRL Refi Loans http://www.zillow.com/advice-thread/VA-IRRRL-Refi-Loans/274209/ Hi want to do a VA IRRRL&nbsp; <a href="http://www.zillow.com/refinance/">Refinance loan</a>. Currently have citi , 30yr fixed at 6.25%.&nbsp; I like doing business with them but It is time to get a better rate!&nbsp; Want to get the best advice and find out all I can.&nbsp; Total costs and fees.&nbsp; So if you are in my boat or have made it safely to shore getting a IRRRL refinance please weigh in.&nbsp; Also, want to get the best <a href="http://www.zillow.com/directory/lenders/">lender</a> too!&nbsp; Help a fellow Vietnam Vet navigate the system&nbsp; and help other vets as well!!&nbsp; I will post my story as I go through this process!!&nbsp; Now to get a good rate offer!<br \><br \>7 replies Mon, 31 Aug 2009 20:47:00 GMT http://www.zillow.com/advice-thread/VA-IRRRL-Refi-Loans/274209/ 2009-08-31T20:47:00Z Time of Essence Notice served by seller http://www.zillow.com/advice-thread/Time-of-Essence-Notice-served-by-seller/516230/ I am buyer of a property in NJ and in my contract I had promised closing date as October 21st 2013. However due to delay in getting mortgage approved from my lender (seller was partially responsible for this delay), I was unable to close on October 21st. Seller has now issued a time of essence notice to me. Seller is buying a property from a Builder who has mandated to him that he must close by October 24th otherwise. Every day he delays the closing after then, he will be liable of $100 per day as a penalty. What are my options?<br \><br \>7 replies Tue, 22 Oct 2013 14:49:00 GMT http://www.zillow.com/advice-thread/Time-of-Essence-Notice-served-by-seller/516230/ 2013-10-22T14:49:00Z Agent Expectations http://www.zillow.com/advice-thread/Agent-Expectations/516114/ I wanted to start a discussion open to all current/future home SELLERS as to what qualities/traits &amp; expectations they have of their agent. This will be presented to local agents and your input is greatly appreciated!<br \><br \>0 replies Mon, 21 Oct 2013 17:29:00 GMT http://www.zillow.com/advice-thread/Agent-Expectations/516114/ 2013-10-21T17:29:00Z Colonial Village - Hillsdale, NJ http://www.zillow.com/advice-thread/Colonial-Village-Hillsdale-NJ/515863/ Anyone know anything about the condo development, Colonial Village in Hillsdale? &nbsp;I know it's along train tracks but I've been in a unit and it was not too loud. &nbsp;There is a nice unit that has been on the market a while - not selling. Trying to figure out why?<br \><br \>1 reply Sat, 19 Oct 2013 13:39:00 GMT http://www.zillow.com/advice-thread/Colonial-Village-Hillsdale-NJ/515863/ 2013-10-19T13:39:00Z Bond Street Mortgage http://www.zillow.com/advice-thread/Bond-Street-Mortgage/515818/ I have just purchased a new home and used ***** Mortgage. They were fast, concise and more than helpful when needed. They notified me when each step of the way was completed and made the whole process easy. They also helped get me my dream home with finding a great lender which no other mortgage company found. ****** Mortgage is one I truly recommend.<br \><br \>2 replies Fri, 18 Oct 2013 20:47:00 GMT http://www.zillow.com/advice-thread/Bond-Street-Mortgage/515818/ 2013-10-18T20:47:00Z HARP 3.0 ? http://www.zillow.com/advice-thread/HARP-3-0/515717/ So what does everyone hear about this being passed? I know it is in congress' hands now, but I read an articel that said it may get passed without their approval. I get at least one borrower a day that needs this to go through...<br \><br \>5 replies Thu, 17 Oct 2013 22:13:00 GMT http://www.zillow.com/advice-thread/HARP-3-0/515717/ 2013-10-17T22:13:00Z Government Shutdown http://www.zillow.com/advice-thread/Government-Shutdown/515613/ Anyone having trouble closing deals due to the government shutdown?<br \><br \>3 replies Thu, 17 Oct 2013 03:44:00 GMT http://www.zillow.com/advice-thread/Government-Shutdown/515613/ 2013-10-17T03:44:00Z Chatham, New Jersey 3rd Quarter Solds 2013 http://www.zillow.com/advice-thread/Chatham-New-Jersey-3rd-Quarter-Solds-2013/515560/ Chatham is located on New Jersey Transit's Morristown Line of the Morris &amp; Essex Lines.. Commuting to NYC from Chatham is possible within or under an hour; I did it myself for several years. Our neighborhoods are beautiful with families of all ages enjoying the tree lined streets. Chatham provides residents with three K-3 schools, one grade 4-5 school, one grade 6-8 school and one high school. 99% of our students move on to high education after graduation. <br/><br/>Here is my 3rd quarter "REAL ESTATE SOLD" report. REAL ESTATE SOLD IN 3RD QTR 2013 CLICK&nbsp;[Hotlink removed by Zillow moderator.]<br \><br \>1 reply Wed, 16 Oct 2013 19:58:00 GMT http://www.zillow.com/advice-thread/Chatham-New-Jersey-3rd-Quarter-Solds-2013/515560/ 2013-10-16T19:58:00Z