Re: Logistics of 2 Family Home in the Heights
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Home away from home
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I'm curious to know if your by-laws have an arbitration clause? Hoping that you will happen to get along with an owner you don't know before purchase is taking a pretty big chance.
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Posted on: 2018/4/10 19:45
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Re: Logistics of 2 Family Home in the Heights
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Home away from home
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I always thought the concept was very weird. What if you wind up not getting along with the other owner? I'm totally speculating here, but I would think that a 2 unit condo building would have an arbitration clause put into the by-laws to protect each party in the event of a dispute. I personally wouldn't buy a condo in less than a 5 unit building.
Posted on: 2018/4/9 19:57
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Re: Tell Trader Joe's to come to Jersey City!
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Home away from home
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The location is convenient but it is hit or miss on available products. I spoke with an employee and that person told me that the middle of the week is the best time to go.
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Posted on: 2018/4/6 18:27
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Re: New Tax Rate is Insane!
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Home away from home
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Early returns in the Heights look good. I'm seeing properties lower by 30%. Just waiting for my property to get the number.
Posted on: 2018/3/14 4:44
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Re: Sheriff Sale? (foreclosure)
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Home away from home
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While I'm not sure what happens with an IRS lien, I do know that if someone makes less than 60K in that year, they can file for a chapter 13 which saves their property, then file a chapter 7 which wipes away personal debt. In this case the property owner can either stay in their home and reorganize the back mortgage payments or, choose to liquidate the property which they would only receive a maximum of 26K from the proceeds of the sale. Now if there is a married couple involved, the filing spouse would get 26K while the non filing spouse would receive half of the overage after mortgage was satisfied. Then the filing spouse would receive the 26K if anything was left over.
The fact that your case originated in South Carolina could make things different and most likely does depending on what their state laws are. Aside from Bankrupcy laws which are federal, the liens and how they are married and attached to the property vary by state. Quote:
Posted on: 2018/3/14 4:40
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Re: Sheriff Sale? (foreclosure)
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Home away from home
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While I'm glad you were able to get a deal, once you mentioned it wasn't in Hudson County, it really doesn't apply to this thread. There is very little probability that a property in JC would auction for less than 60% of fmv. JC real estate is up 24% over one year ago and to think that a bank is not well aware of these figures, as well as a property owner who knows they can sell or do a bankcruptcy filing before an auction would be naive to say the least.
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Posted on: 2018/3/13 5:17
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Re: Sheriff Sale? (foreclosure)
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Home away from home
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Yes, all of this is very good information.
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Posted on: 2018/3/12 22:03
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Re: Sheriff Sale? (foreclosure)
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Home away from home
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If a property is not bid on at auction it becomes and "reo" which means the bank now legally owns the property. There are lists where you can look up reos in the area. At that point, you negotiate with the bank and they usually will negotiate lower than the judgment amount.
Posted on: 2018/3/12 22:00
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Re: Sheriff Sale? (foreclosure)
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Home away from home
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I was in the building on the day of the auction and I can tell you it was a zoo in there. The line was going almost to the front entrance. I guess they only let so many people in the auction room at once. I do believe the starting bid is for the judgment amount which includes sheriff fee.
Posted on: 2018/3/12 21:46
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Re: New Tax Rate is Insane!
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Home away from home
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This is one example of why it might not be the best idea.
http://www.nj.com/mercer/index.ssf/20 ... r_eviction_from_home.html Quote:
Posted on: 2018/3/10 21:01
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Re: Moving Boxes
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Home away from home
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Home Depot has the best deal on boxes that I've come across. Small are .79 each and large are $1.29. They also sell TV boxes but I'm not sure the price on those.
Posted on: 2018/3/1 19:31
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Re: Reval - press request
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Home away from home
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Yes, agreed. Their has been imbalance in the valuations in this city for the past 25 years.
Posted on: 2018/2/16 2:48
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Re: New Tax Rate is Insane!
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Home away from home
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Well it makes you sound unintelligent. A tax assessment does not equal market value. Yes, they may have overestimated their own market value but that has little to do with their value for tax purposes. A home's value is based on what a buyer is willing to pay for it.
Don't worry, the "tight" market n DTJC I'm sure will be loosening up soon. Quote:
Posted on: 2018/2/14 22:20
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Re: New Tax Rate is Insane!
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Home away from home
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What does Yeah...No mean? It makes no sense...You aren't the seller so you wouldn't know why they are selling unless you know them. The reval has been known about since Christie ordered it. It was just a question of not if, but how much. Now it's time to pay the piper.
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Posted on: 2018/2/14 21:32
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Re: New Tax Rate is Insane!
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Home away from home
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The selling has already begun. 272 Barrow was put on the market in December for 3.3 million, the taxes went from 16K to 41K per year. They just lowered their asking to 3 million. I'm sure many more will follow.
Posted on: 2018/2/14 19:06
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Re: New Tax Rate is Insane!
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Home away from home
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Posted on: 2018/2/14 1:47
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Re: New Tax Rate is Insane!
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Home away from home
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I believe this was already posted somewhere on this forum.
http://jerseycity.hosted.civiclive.co ... ily%20NBHD%20Analysis.pdf Quote:
Posted on: 2018/2/11 19:07
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Two people killed in a violent crash on Tonnelle Avenue early Sunday morning
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Home away from home
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Posted on: 2018/2/11 19:03
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Re: New Tax Rate is Insane!
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Home away from home
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Posted on: 2018/2/7 21:34
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Re: Flu shot at Target?
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Home away from home
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My brother got the flu shot this year and wound up in the hospital with the flu. The doctor told him this years vaccine was only 20% effective on the strain (H3N2) that is out this year.
Posted on: 2018/2/1 22:36
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Re: Podewitz Deli Central Ave
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Home away from home
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They were closed early this evening. Maybe a sign that it's close to the end. They have been down to one worker whenever I go in there in the early evening.
Posted on: 2018/2/1 2:03
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Re: Podewitz Deli Central Ave
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Home away from home
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The new owners ran the place into the ground fast. Now it's just a glorified liquor store. From what I've heard and can see, they seem to have cash flow problems which limits store inventory. If they can't turn a profit selling booze and cigs, they won't be around much longer.
Posted on: 2018/1/27 0:34
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Re: Police Department Captain's Meeting
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Home away from home
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We're actually both wrong. It's a 5 point violation and no, it is hardly ever enforced.
N.J.S.A. 39:4-128.1 Improper passing of a school bus 5 Quote:
Posted on: 2018/1/18 2:38
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Manhole Explsion on Washington St
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Home away from home
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Some are without power in parts of Downtown due to Manhole explosion on Washington St.
http://abc7ny.com/manhole-explosions- ... e-in-jersey-city/2959432/
Posted on: 2018/1/17 22:42
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Re: Police Department Captain's Meeting
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Home away from home
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This is a problem city wide. I had a driver start beeping me once in McGinley square for stopping for a school bus with their stop sign out. This also happens a lot near St Domenic Academy. If they get caught it's a 6 point moving violation but good luck with that.
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Posted on: 2018/1/17 22:38
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Re: Jersey City Staple Rita & Joe's {Closing This Month}
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Home away from home
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Having grown up in Marion, I have many good memories of this place with many people gone far too soon. I'll definitely be stopping down one last time before they close.
Posted on: 2018/1/11 5:27
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Re: Hudson Restaurant Week Jan22-Feb2
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Home away from home
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The only one that stuck out to me was the Ruth's Chris Steakhouse $20.00 lunch. My wife and I have never spent less than $150+ tip in there for dinner, albeit with wine included. The Lobster bisque and desert alone are more than $20 if you order off of the menu.
Posted on: 2018/1/10 2:25
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Re: JC Heights shooting on Sherman Ave and Ferry street
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Home away from home
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The article does not mention an escalation nor the number of shots fired. What is the source of your info?
Quote:
Posted on: 2018/1/9 19:45
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Re: JC Heights shooting on Sherman Ave and Ferry street
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Home away from home
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Do you have a link? I don't see it on NJ.com
Posted on: 2018/1/8 20:04
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