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I first signed onto Active Rain in August of 2008. It took me a few months to really get the idea of the benefits here and to really get started.
From reading many posts, I discovered that the public was reaching out to members for their real estate needs.
At that point, I quickly realized that:
So, I began my mission!
NEW JERSEY

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OCEAN COUNTY

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LACEY TOWNSHIP

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STATUS OF MY MISSION!

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Toula N. Rosebrock (of Diane Turton, Realtors) – Broker / Sales Associate
Specializing in all of Ocean County - Lacey Township Real Estate, Forked River / Lanoka Harbor
Unique Name … Unique Agent … Unique Service!
Websites: www.ToulaRosebrock.com
www.OceanCountyNJRealEstateSales.com
Waterfront Properties, Single Family Homes, Multi Family Homes, Condos, Townhomes, Adult Communities, Vacant Land, Commercial Properties, 1031 Exchanges
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SHARE THE JOY!
One of our local radio stations, 100.1 WJRZ & Investors Savings Bank will unite again for the 10th annual live broadcast of "Share The Joy,"
DATE: Friday & Saturday, November 20th & 21st, 2009
LOCATION: Walmart, 950 Rt. 37 West in Toms River, NJ
Being collected will be food, towels and blankets for our four legged friends on behalf of the Jersey Shore Animal Center.
This includes an effort to fill a tractor-trailer with non-perishable food items, gently used clothing, new unwrapped toys, as well as monetary donations - all to benefit Ocean County Hunger Relief & Big Brothers Big Sisters.
At 6 am on Friday the 20th, 100.1 WJRZ will begin accepting donations while having a live broadcast on location. The broadcast will go on through the weekend and will end when the tractor-trailer is full.
Pre collection drop off sites are located at Investor Savings' Branches, Route 37 West in Toms River and North County Line Road in Jackson.
Clean out your closets and pantries. There's got to be some stuff you haven't used in some time, which will assist a pet or family in need.

Toula N. Rosebrock (of Diane Turton, Realtors) - Broker / Sales Associate - Specializing in all of Ocean County - Lacey Township Real Estate, Forked River / Lanoka Harbor
Unique Name ... Unique Agent ... Unique Service!
Websites: www.Toula.org www.ToulaRosebrock.com
www.OceanCountyNJRealEstateSales.com
Waterfront Properties, Single Family Homes, Multi Family Homes, Condos, Townhomes, Adult Communities, Vacant Land, Commercial Properties, 1031 Exchanges
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The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. It also authorized a tax credit of up to $6,500 for qualified repeat home buyers.
$8,000 First-time Home Buyer Tax Credit at a Glance 
•The $8,000 tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase.
•The tax credit does not have to be repaid.
•The tax credit is equal to 10 percent of the home's purchase price up to a maximum of $8,000.
•The tax credit applies only to homes priced at $800,000 or less.
•The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.
•For homes purchased on or after January 1, 2009 and on or before November 6, 2009, the income limits are $75,000 for single taxpayers and $150,000 for married couples filing jointly.
•For homes purchased after November 6, 2009 and on or before April 30, 2010, single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.
The $6,500 Move-Up / Repeat Home Buyer Tax Credit at a Glance
•To be eligible to claim the tax credit, buyers must have owned and lived in their previous home for five consecutive years out of the last eight years.
•The tax credit does not have to be repaid.
•The tax credit is equal to 10 percent of the home's purchase price up to a maximum of $6,500.
•The tax credit applies only to homes priced at $800,000 or less.
•The credit is available for homes purchased after November 6, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, the home purchase qualifies provided it is completed by June 30, 2010.
•Single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.
For more information, including a F.A.Q. list, visit www.federalhousingtaxcredit.com
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New Jersey's coastal counties have been declared a disaster area by Governor Corzine.
Though the rain and wind subsided over the weekend, yesterday was the first day local and state officials could take a firsthand view of the damage. They were out in force on Long Beach Island, calling last week's storm the worst in a decade.
Most lagoon front property in Little Egg Harbor and Manahawkin fared well, some of the beaches on Long Beach Island were not so lucky.


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Last week ended up on the positive side with a gain of 12/32nds on 30 year Fannies which is a noticeable change on a rate sheet. That makes 3 positive weeks in a row. Over all we have been in a tight range all year with hic ups along the way. I expect more of the same in the near term as Uncle Sam will continue to buy mortgages as necessary to calm the market down. So far Uncle Sam has purchased over $800 Billion in Mortgage backed securities and that number is expected to rise to $1 Trillion by time they step out of the mortgage market in early 2010. This buying has been the Fed's way of keeping rates low since they have no way of dropping Fed funds any lower. It is not likely we will see the Fed even consider an upward move in rates until the end of the 2nd quarter of 2010, at least that's what the financial wizards are saying this week.
This is a busy week of financial calendar, here is what to look out for:
The biggie of the week is a coin toss, it could have been retail sales, that ended up being a good number for the credit markets. There are a lot of inflation pieces in CPI PPI and LEI which have the potential to push rates one way or another if there is a shocker. It would take a significant deviation in the real number vs the forecast number to have any significant effect on rates. I think we will need to look mostly to the stock market for direction. If stocks have a strong week it can be bad news for mortgage rates. So far I think it would be safe to say we may see a slight improvement by weeks end... Time will tell if my crystal ball is clear or not!
Have a great week!
Rob
Mortgage Banker
www.RobertRaufHomeLoans.com or my blog: http://activerain.com/blogs/rrauf
(732)223-1630 x102
Since 1987 I have been helping my clients fulfill their dream of home ownership!
Real Estate Mortgage Network
NJ Mortgages, New Jersey Mortgages, Mortgages in NJ, mortgage in New Jersey, Mortgages in New Jersey
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