Please find a statement released by Jim Hall of The New Jersey Housing and Finance Agency
The NJHMFA's Prefund Tax Credit Loan Program (TCLP) is still available for qualified borrowers. The Prefund program lets first time home buyers borrow at 0% interest up to $5,000 of their anticipated federal first time home buyer tax refund to cover downpayment and closing costs. There has been inaccurate information circulating that the NJHMFA Prefund has been completely shut down pending a final determination by FHA about the insurability of FHA first mortgages with a subordinate Prefund second mortgage. The Prefund program is not tied specifically to the FHA insurance program. The NJHMFA is looking forward to FHA's authorization so that the Prefund program may be used with FHA first mortgages. FHA claims that the FHA Mortgagee Letter 2009-15 was a "draft" and was erroneously posted on their website and are in the process of reviewing and approving it. Until the approval is issued Lenders can not use Prefund with a FHA first mortgage. If a borrower can be qualified through the conventional market with a subordinate Prefund loan and private MI is obtained for the first mortgage, these loans can be registered with NJHMFA.
Dawn Marie White Broker-Manager-Sales Pro
www.njwaterfront.com
Your Jersey Shore Real Estate Connection
Is the housing meltdown ending?
With pricing becoming more reasonable, slowly but surely we are seeing a pick up in showing activity.
Pending home sales rose in March for the second consecutive month and are up year over year. The Pending Home Sales Index from the National Association of Realtors showed a 3.2% gain to 84.6 from February, when it was 82. The index stands 1.6% higher than a year ago.
The consensus forecast of industry experts polled by Briefing.com had predicted no increase in the index.
Pending home sales rose in March for the second consecutive month and are up year over year. The Pending Home Sales Index from the National Association of Realtors showed a 3.2% gain to 84.6 from February, when it was 82. The index stands 1.6% higher than a year ago.
Regional Differences
"The South saw the largest gain of any region, with pending home sales jumping 8.5%. Pending sales are 7.7% higher there compared with a year ago.
The Midwest gained 3.9% from February and 1.7% year-over-year. Northeast sales fell 5.7% and are off 24.1% compared with March 2008. The West dropped 1% for the month but are up 8.2% year-over-year.
Low home prices continued to help to drive sales, although NAR's affordability index actually fell 2.3% from February, when it hit a historic high. This index is based on family income, home prices and mortgage rates.
"Compared to a year ago, the typical family can pay much less in mortgage costs for the same home, or buy a better home without necessarily increasing their monthly payment," said NAR President Charles McMillan, in a prepared statement. "For buyers who've been on the sidelines and have good jobs, the market has never looked more favorable.
Read the complete source for these comments at CNN Money.com
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Crossroads Realty Inc
Dawn Marie White
Dawn Marie White Broker-Manager-SALES PRO
Crossroads Realty Inc
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Bay Head Closed Sales
509 Main Ave 3-2-2009 $999,000
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Crossroads Realty Inc
Dawn Marie White Broker-Manager Sales Professional
732-581-9414 Cell Direct
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Broker- Manager for Crossroads Realty. Excellence says it all! Dawn's Knowledge is a most valuable asset when selling or buying Real Estate. Visit www.njwaterfront.com Search New Jersey Shore Real Est
Specializing in Distinctive Properties, Vacant Land, New Construction, and Residential Resale's Dawn is a skilled professional & business woman for more then 17 years. Dawn Marie has been involved in many stages of real estate & development including residential & commercial sales. With more than 10 years of experience in the construction management industry, Dawn is versed in land acquisition, planning, zoning, infrastructure, variance applications, resolution compliance, DEP & CAFRA and Pinelands compliance.
Dawn is a skilled negotiator, broker-sales manager for Crossroads Realty, Dawn Marie uses her experience, to guide her clients though the selling and buying process with the highest levels of focus on marketing, & customer service. Dawn is a hand's on manager who excels at educating and motivating agents to reach for their highest levels of success in an ever changing industry.
A Personal Message
Crossroads Realty is an internet marketing focused company, I utilize the companies marketing strategy and compliment it with additional on-line marketing techniques.I take an approach that concentrates on providing professional real estate services to the customer, identifying their desires and then meeting their individual needs. One on one we will discuss your needs whether you want to buy a new home, or market your existing home. It's an integrated approach that permeates all parts of the sale or purchase: marketing, sales, service, finance, legal etc. From contract to closing I work to ensure that lifelong relationships are forged.Today's Real Estate environment is both challenging and exciting. As companies and sales professionals fight to outperform each other by better anticipating and satisfying the consumer's needs, Crossroads Realty and I are committed to establishing progressive marketing techniques ensuring the consumer's needs are met now and in the future
Press Release:
Local Broker-Sales Manager Earns REALTOR e-PRO® Certification
June 6, 2008 Dawn Marie White of Crossroads Realty Inc has successfully completed the REALTOR e-PRO course to become one of a select few real estate professionals to earn the prestigious certification offered through the National Association of REALTORS.®
The REALTOR e-PROÒ certification course is an educational program unlike any other professional certification or designation course available, comprehensive and interactive. It is specifically designed to provide real estate professionals with the technology tools needed to assist consumers in the purchase or sale of a home.
With more than 70% of consumers beginning their real estate research on the Internet, e-PRO certified agents have the experience and expertise to meet the demands of today's buyer and seller.
"The real estate industry has undergone a fundamental change over the past several years," said Dawn Marie White of Crossroads Realty Inc. "A majority of consumers are taking the time to conduct their own research prior to contacting an agent. In turn, real estate professionals must be knowledgeable of how technology can assist them in serving the needs of the buying and selling public."
The exclusive REALTOR e-PROÒ certification course is presented entirely online and certifies real estate agents and brokers as Internet professionals. Because of its innovative design, students are able to complete the course at their own pace, when and where they want, via any Internet connection. The course is designed to help REALTORSÒ stay at the leading edge of technology and identify, evaluate and implement new Internet business models.
Once completed, the e-PRO certified real estate professional joins the ranks of a special community of highly skilled and continuously trained professionals who provide high quality and innovative online-based real estate services. Consumers can identify the e-PRO through the exclusive e-PRO Internet Professional logo.
Both the content and the delivery platform were created by San Diego-based technology company InternetCrusade®. The course instructs participants in the professional use of e-mail, the development of an interactive Web site, and the use of online research tools. Graduates use the skills they've acquired to provide clients information on properties for sale, local communities, and the local real estate market.
VISIT MY WEB-SITE AT WWW.NJWATERFRONT.COM To view all availble homes in Ocean & Monmouth Counties
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Crossroads Realty is one of the top independently owned and operated real estate firms in New Jersey.
Established more than 40 years ago, Crossroads Realty is a family owned company with 15 offices, selling more homes than any other Realtor in our marketplace. Over the years Crossroads has developed the following divisions to help our customers make informed real estate decisions: a Distinctive Properties Division, an in house mortgage company-Home Capital Network, a Commercial Properties Division and Comprehensive Relocation Services, which along with our state of the art website, allows customers to compare all available listings throughout our markets. Crossroads is also uniquely positioned to service those customers who are thinking of retiring to this area, our Active Adult Community Division sells more adult community homes than all other companies in our marketplace combined.
At Crossroads, we have been proud over the years to put our knowledge and expertise to work for the benefit of all of our customers, whether they were first time home buyers, long time residents looking to expand their homes as their families grew, luxury home buyers who were finally ready for their dream house or people looking to redefine their lifestyles by joining one of Ocean County's Active Adult Communities.
Crossroads Realty has based our business on integrity, dedication and experience and we look forward to carrying on our traditions in the future.
www.crossroadsrealtynj.com
......Thank you for looking out for our best interests. Your the best. Mrs. C
......You have been a great confidant throughout this whole sale. Your willingness to work through all of the difficulties and make our transition easier will never be forgotten. Good luck we know we will see you again next summer and we have a few referrals coming. Mr. & Mrs. P
.......Dawn, my moms property would have been much more difficult to sell if it was not for you and all of the knowledge you have. Thanks, Ken G
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