Pocono Jack

Five things buyers need to know when purchasing a short sale

Jack Gomez 10 years ago

Five things buyers need to know when purchasing a short sale.

1.) Neither the seller nor the lender is likely to make repairs to the property. Manyshort sale properties have deferred maintenance, as the seller may stop paying formaintenance as money becomes tight. By the time the sale occurs, many short salesellers are either unable or unwilling to pay for repairs. They realize that every dollarthey spend on the property is a dollar they will not receive back. If a buyer wants topurchase a shor...

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The bank wonÃ¢â‚¬â„¢t stop calling me. Should I talk with them?

Jack Gomez 10 years ago

The bank won’t stop calling me. Should I talk with them?

We believe you should communicate with your bank on a periodic basis. If you are behind on your mortgage payment, expect up to four phone calls a day. You will also receive a lot of mail.

It is unwise to completely ignore the bank. If you do not communicate at all with your lender,they will probably put you in the category of the people who refuse to pay. That is the worst category for you, as that means they will move the foreclosure pr...

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What happens when a landlord facing foreclosure still collects rent from the tenant?

Jack Gomez 10 years ago

A friend of my recently asked me this question.

Can a landlord facing foreclosure still collect rent from the tenant?

Yes, a landlord who has not paid the mortgage may continue to collect rent from the tenant. Many mortgage lenders have an Assignment of Rents clause in the note, whereby the mortgage company has the right to receive the rent when the loan is in default. In actual practice, we have not seen the Assignment of Rents clause exercised on residential properties. The lease will lay ou...

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Beautiful Two Story For Sale in Tanglwood North Community! On a Peaceful Acre, Deck, Shed, 2 Car Garage & MUCH MORE!

Jack Gomez 10 years ago

You'll Love Tanglwood North with access to community boat docks and beach area on Lake Wallenpaupack. On a peaceful acre located on a culdesac street and bordering the Delaware State Forest. You are sure to enjoy its eat-in country kitchen, grassy lawn, 2 car garage and master bedroom with bath and two walk-in closets. Lots of Living Spaces including first floor family room and formal dining.

Jack Gomez has detailed property information for 105 Quarry Ln, Tafton, PA 18464 and more Tafton Rea...

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Ranch Home For Sale in Newfoundland! So Much To Offer! Affordable Price & Great Location!

Jack Gomez 10 years ago

America's Most Wanted!!!! From The perfect coverd porch to the edge of Mill Creek Stream, this home fits the description. Condition, Location, Features & Great Price! Open & split bedroom floor plan offers Master Bedroom with sitting area, walk in closet and ensuite with jetted tub. Be on the look out for the gourmet kitchen with center island, tiled floor, custom cabinets, granite counters, and breakfast nook. Last Seen with spacious living room with hardwood floors and flanked by formal...

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