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The government purchasing of mortgage backed securities is nearing an end. To quote, Steve Harney, national residential real estate expert, “When the banks have to lend their own money to people on a 30 year loan, they’re not going to be satisfied with 5%…”If you’re frequented my website, you know that I pay close attention…

Mortgage foreclosures way up in N.J. By Cynthia Burton Inquirer Staff Writer New Jersey’s residential-mortgage foreclosure rate shot up 29 percent from 2008 to 2009, with a South Jersey county among the hardest hit, according to statistics released yesterday.The number of commercial foreclosures, meanwhile, was up 68 percent, from 875 to 1,471. The counties with…

In today’s housing market, home owners need to be more proactive than ever before when it comes to selling their homes. Whereas the real estate boom at the turn of the century made things easy on sellers, the current real estate climate is not so seller-friendly. To make their homes more attractive to prospective buyers,…