Supcoffconstructionlaw's Weblog

NJ Short Sale Residential Closing Completed
January 20, 2014, 5:01 pm
Filed under: Residential Real Estate, Uncategorized

On December 31, 2013, my Firm successfully closed a short sale residential house purchase in New Jersey on behalf of the Buyer.  The transaction was complicated because the Seller had a first mortgage with one bank and a second mortgage with another bank.  In order to complete the sale, the first mortgage lender had to negotiate with the second mortgage lender to accept a reduced amount compared with the amount owed by the Seller on the second mortgage.


Notary Service Raises Donations For Rebuilding
June 24, 2011, 2:57 pm
Filed under: Current Thoughts, News Clippings

Over the last year, we have been able to raise funds for rebuilding efforts in Japan and other areas served by the Red Cross through our notary service.  We ask for a $2 dollar donation for each signature we notarize.  After approximately 1o notarizations, we have enough money donated to contribute to a worthy charity.

How To Donate To Red Cross To Support Haiti
January 14, 2010, 4:49 pm
Filed under: Uncategorized

According to the website, Donors can text “Haiti” to 90999 on their cell phone to send a $10 donation to support Red Cross relief efforts in Haiti.

New Loop On Housing Rollercoaster
November 23, 2009, 2:22 pm
Filed under: Uncategorized

While new home sales may have fallen in October, the National Association of Realtors reported today that existing home sales were up over 10% during the same period! An exisiting federal tax credit, low prices and mortgage rates are credited. So market conditions remain favorable for resales.

New-Home Starts Drop In October But Expected To Improve
November 19, 2009, 2:41 pm
Filed under: Uncategorized

Bad weather and uncertainty over extension of a homebuyer tax credit are being blamed for a 10.6% drop in new home starts in October, according to the Commerce Department. Starts of single family homes dropped 6.8%. However, earlier this month Congress extended and expanded the homebuyer tax credit program. The program now runs through April 2010 so new home construction should improve.

Home Buyer Credit Extended & Expanded
November 15, 2009, 12:55 am
Filed under: Uncategorized

A tax credit is available for first-time home buyers and some existing homeowners who have a binding contract on a house in place on or before April 30, 2010. Contact me for information.

Build Your Smaller Dream Home
November 13, 2009, 2:14 pm
Filed under: News Clippings, Residential Real Estate, Uncategorized

Today’s Wall Street Journal reports that the average new single-family house peaked at 2,507 square feet in 2007 and has since slipped to 2,392 square feet, according to Census Bureau data.   On the Journal’s Real Estate webpage, you can tour a builder’s recent design to appeal to today’s buyers of newly constructed luxury homes.  The houses are smaller and the 2 -story family rooms and butler’s pantries are gone.