Life And Living At The Jersey Shore Episode 27

July 13, 2011

Welcome to Episode 27 of Life And Living At The Jersey Shore. July 13, 2011
It is filled with Real estate tips, trends, statistics, fun things to do in southern ocean county. The web cast is funny, informative with lots of Tom’s wisecracks.

Each week we try to bring you fun, informative and interesting tidbits about the best kept secret at the Jersey Shore... Southern Ocean County

Here are this week’s market stats:
According to the Hope Now alliance of insurers, counselors and lenders, mortgage servicers completed 68,000 foreclosure sales in May, down 7% from the previous month and the second straight month of declines. Foreclosure sales dropped 14% in April.
However, servicers started 176,000 foreclosures in May, up 8% from the previous month. Roughly 2.67 million mortgages are at least 60-day delinquent, up 1% from the previous month.
Mortgage modifications through private initiatives and the Home Affordable Modification Program (HAMP) remained flat at roughly 85,000… More on this in the My 2 Cents segment.

Fun stuff in Southern Ocean:
From the Asbury Park Press: What’s summer at the Shore without a day of fun, frolicking in the water! Join boaters, sailors, rowers, swimmers, kayakers or jet skiers at Marine Max's Aquapalooza, hosted by Magic 100.1, for some traditional Shore fun on Saturday, July 16 from 10:00 a.m. to 3:00 p.m.
Aquapalooza is the annual celebration that takes place on the water at Tices Shoal, an area adjacent to Island Beach State Park on Barnegat Bay.
The band Big Bang Baby will be performing and Magics morning show host Glenn Kalina and Keebler of Magic 100.1 will be broadcasting live on the water. The Magic 100.1 staff from Greater Media radio will be on hand giving away Magic t-shirts, beach balls, and more!
Aquapalooza is free and open to the public. For further information, visit MagicVariety.com
Tom’s Toast:

With all the weddings going on these days I found a toast that is as funny (and I’ve been married 36 years) as it is also profound:
To the groom: Early in your marriage you will find it difficult to get the last word in any discussion.
With time, though, you will learn how to always get the last two words in every discussion. Just make sure the words are "Yes dear."

Smart Home Buyer tip:
Aim for a home you can really afford.
The rule of thumb is that you can buy housing that runs about two-and-one-half times your annual salary. But you'll do better to use one of many calculators available online at our website: www.sellertom.com to get a better handle on how your income, debts, and expenses affect what you can afford.
Most gov’t funded loans (and that’s about the majority these days) mandate that about 41% of your annual, gross income can be used for ALL consumer debt – including your mortgage (principal and interest) and taxes and hazard insurance.
So do the math…
Or call us and we’ll help you with it. NO CHARGE!

My 2 Cents:
2.67 million mortgages are at least 60-days delinquent. The HAMP program (the government’s Home Affordable Modification Program) has helped modify about 85,000 mortgages. That’s 3%....that’s a joke. The reality is the banks can’t modify many of the delinquent loans because the loans were packaged by Wall Street in such a complex way that there’s no direct way to revise the loan.
The government puts pressure on the banks to modify loans; the banks make half hearted attempts to do so, just to keep the Feds off their backs.
The reality? We’re all the victims of a tremendous hoax.
If you’re in over head with your mortgage give us a call and we’ll give you the straight story.

Home of the week:

This week’s home of the week is 242 Atlantis Ave - located in the Ocean Acres section of Manahawkin. The outdoor living space is amazing! There are 3 bedrooms and 2 baths on an extra deep lot – 190 feet! The Florida room is all sliders, so there is plenty of light and air. It overlooks a gorgeous landscaped yard with a dreamy in-ground pool, custom paver and concrete patio perfect for killer bar b ques. There’s an abundance of plants including Holly and other low maintenance shrubs in all the right places. Great space for relaxing or entertaining friends and family. Other features include an open floor plan, hardwood floors, a master Bedroom with grand double door entry and private bath, one car garage, plus pull down stairs to the attic storage. This home is in excellent move in condition. Priced at only $239,900.00 and even comes with a 1 year home warranty. So call me today!
Don’t forget to go to www.SellerTom.com for all the photos and videos of this home.

Well, I don’t know why you watch this stuff but we’re done for another week.
Our show is written by me, Tom Smith – produced by, Amanda ( oh no, not another wedding ) Nichols and Directed by, Donna (yes dear) Smith

If you like our show, friend us on Facebook, follow us on Twitter and pass the show on to your friends. Thanks or viewing and have a great week!
Brought to you by The Tom Smith Realty Group, Thomas J Smith and Amanda Nichols. For more information call/text 609 709-1429 visit: www.Sellertom.com Tom@sellertom.com