Archive for October, 2013

SOPAC and NJPAC

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SOPAC is featuring some great acts in November including Mavis Staples (“I’ll take you there”), Bettye LaVette, David Bromberg, The Klezmatics, and comedians Jim Breuer and Robert Klein.  Of course the list is so much longer so go to the link for the full november roster.

http://sopacnow.org/shows/archives/2013/11

NJPAC has some heavy hitters for the month including Jimmy Fallon with Steven Colbert, The Temptations, Bonnie Raitt, John Leguziamo, Chicago, Paquito D’Rivera and Marc Cohn and more.  Here’s the link for the full november roster.

http://www.njpac.org/events/index/10

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New Listing for rent on Prospect St. in Maplewood

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Great New Rental for $3200 per month in Maplewood – 4 beds, 2 and a half baths.

For more details see listing link below

http://emailrpt.gsmls.com/public/show_public_report_rpt.do?report=clientfull&Id=88123948_501982

Joyful marriages in South Orange & Maplewood

Another gorgeous autumn day shone down on Maplewood town hall as New Jersey became the 14th state to legalize gay marriage.  In both South Orange and Maplewood, Mayors Alex Torpey and Vic DeLuca (Vic pictured below) presided over the marriages (and local re-marriages) of gay couples.  There was music, champagne and it looked like all who attended whether gay or straight were caught up in the fun. – click on the pictures for a bigger (and better) view.

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Will government shutdown affect real estate?

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As you probably know, the U.S. government officially shut down a few days ago. This post is not a comment on the political aspects of the shutdown, but on the practical effects for the real estate industry. As a buyer or seller, you may be wondering how this impacts your ability to obtain and close mortgage financing. A short-term shutdown should have limited effects.

1) The Federal Housing Administration (FHA) will be able to endorse single-family loans during the shutdown; however, only a limited number of FHA staff will be available to underwrite and approve new loans so the process may take longer.

2) There will be no significant effect to Ginnie Mae, Fannie Mae or Freddie Mac.

3) The Department of Veterans Affairs (VA) will continue to operate, which means lenders will be able to continue originating VA-guaranteed loans.

4) The U.S. Agriculture Department (USDA) will cease all but essential functions and no new loans or guarantees through Rural Development will be made.

5) Lenders may not be able to continue to verify social security numbers through the Social Security Administration.

6) The Internal Revenue Service (IRS) will not process any forms, including tax return transcripts. Without tax transcripts, loan processing may be delayed, depending on individual housing agency requirements and aggregator guidelines.

7) Mapping issues or amendments through FEMA will be impacted.

Listed at 30 New England Rd., Maplewood

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Tudor/Colonial with 3 Bedrooms, 2 and a half baths listed for $549,000

Character, Charm & Comfort!  Beautiful and unique hardwood floors. Great area, fireplace, large rooms, patio, big yard, masterbath, many fine details and more!  see the listing link below for more details

http://emailrpt.gsmls.com/public/show_public_report_rpt.do?report=clientfull&Id=87514037_501982


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