Health & Fitness
“Sandy the aurora is risin' behind us”*…and this Weeks Closed Sales
It hardly seems like a year ago that the nightmare of Sandy came ashore and changed our lives forever. Yet it is behind for many of us and is beginning slowly to become a memory.
The members of the Real Estate community personally and professionally suffered as a result of this storm and so we are bonded to those homeowners who were devastated in a new way. As Realtors we want to continue help and make ourselves available as a source of information for property owners who are still seeking solutions.
The NJ Department of Community Affairs has launched “Renew Jersey Stronger”. It is a series of programs aimed to give financial assistance to residents whose homes were damaged by Sandy.
Find out what's happening in Howellwith free, real-time updates from Patch.
Here is a brief description of several programs, you can visit http://www.renewjerseystronger.org/ for full requirements and to apply.
Hazard Mitigation Grant Program (HMGP)- Elevation program which reimburses homeowners who are raising primary, single-family residences to meet the new requirements of Flood Insurance maps. Grants of up to $30,000. to elevate an existing home, no income requirements.
Find out what's happening in Howellwith free, real-time updates from Patch.
HomeBuyer Assistance Program- A forgivable $50,000. Interest-free loan, this program offers a state-funded second mortgage of up to $50,000. No monthly payment, and is forgivable after five years in the home. Buyers must obtain a primary mortgage first for the rest of the purchase. There are income and, credit score requirements and it must be an owner occupied primary residence.
Landlord Rental Repair Program- Will offer financial assistance to restore rental properties damaged in the storm, up to $50,000. The landlord must rent the repaired units to low or moderate income families at approved affordable rents to qualify for funding.
Landlord Incentive program- Will provide property owners who offer affordable rentals the difference between 30% of a tenant’s monthly income and the federal fair market rents each month for a two-year period.
Excerpts from NJ Realtor magazine, October 2013, *4th of July, Asbury Park, Springsteen
Pat Linde-Neidermeyer, Veltri Realtors
Email: PatatVeltri@Gmail.com
Call: 732-598-8348
www.VeltriRealtors.com
Now Here are this Week’s Closed Sales for your area.
FREEHOLD
21 Yorke Dr, $307,000; 20 Eaglenest Rd, $376,000
HOWELL
10 Willow Ave, $93,000; 12 5th St, $133,000
11 Cherry Ln, $250,000; 15 Eric Dr, $289,000
26 Cherry Bend Dr, $302,500
JACKSON
800 Farmingdale Rd, $286,000; 154 Ross Ln, $373,000
373 Sapphire Dr, $423,000; 11 Topaz Dr, $471,500
7 Conor Rd, $535,000; 10 Bear Trail, $618,000
All closed sale prices listed are as submitted and recorded by the Monmouth Multiple Listing Service. Not responsible for typographical errors.