Jeff Coon's Blog

This is great advice as pertains to claims of a "new" roof on a home. As the author correctly points out, new can mean a few different things....a roof-over is not the same as "all-new". Enjoy!So said the ad, that the roof had been "completely redone" and was a "completely new roof." To me that m...

When a consumer does not pay a debt for a period of time it often turns into a collection account. You can have collections from debt owed to credit card issuers, medical professionals, libraries, schools, service providers, insurance companies, vendors, and more. Each type of creditor can have a...

Fannie Mae Home Path Mortgage program Now available at Freedom Mortgage (732) 938-2252  The HomePath® Mortgage Program is a special financing program to allow purchasers expanded underwriting flexibilities for Fannie Mae Owned (REO) properties in which Fannie Mae has deemed eligible for the progr...

The FHA commissioner, David Stevens just released this letter in an attempt to 'explain' the recent adjustment to the FHA mortgage insurance annual premium- this is the part of the MIP that is paid monthly in a mortgage payment.  February 18, 2011 On February 14, I announced a new premium structu...

An honorable mention from a local broker is almost always worth a re-post. Be sure to see What is this "Shadow Inventory" and how will it affect the real estate market in Toms River, NJ as well. Nice job to Mr. Flanagan & staff. What does the "Shadow Inventory" mean for Home-Buyers in Toms River,...

Sharing this recent post from fellow Active Rain Blogger J. Philip Faranda. Rates are important, as noboday wants to pay more than they need to, but service is also key.In the almost 400 transactions I have brokered since first being licensed in the 1990s, anytime there was a problem with the mor...

Non Farm payrolls grew by 103,000 in December. This is less than economists had forecast in December but November was revised higher by 32,000 jobs to +71,000 (vs. an originally reported +39,000 which is still lower than anticipated). October NFP also saw upward revisions, adding 38,000 more jobs...

Private-sector employment increased by 297,000 jobs in December, according to Automatic Data Processing Inc.'s employment report released Wednesday 1/5/2011. Employment in the service-producing sector rose 270,000, the largest monthly increase on record. Employment in the goods-producing sector r...

As a Real Estate Agent, one of the best things you can provide to your clients is advice.  Most buyers ( and sellers for that matter ) look to their agents as a source for information to help guide them through a very complex process to buy/sell a home. During the course of your career you will u...

How to describe the 2010 story?With one word.  Regulatory!!Consumers?  The Feds wish them oh so well!Yes- but good intentions pave the road to hell.To punish the villains of our industry,They devised a plan of transparency.Brilliant ideas-  That HVCC,And a new "comprehensible" GFE!That form is no...