2020 Apr 12th

The March Hoboken Condo Sales Numbers

Surprisingly, the big hit in price has not yet happened, though there is a downturn apparent. There is a time lag – these deals were negotiated back in January. Let’s see what happens going forward. If people don’t have to move, I suspect they are not. Number of homes listed and number of sales has fallen significantly.

Here are the numbers. Rolling average chart down below (sorry about the formating – can’t figure out how to fix it):

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2020 Apr 10th

Sample Mortgage Forebearance Letter for Businesses

Dear {BANK},

I would like to formally request a forbearance in mortgage payments and stop the accrual of interest on the mortgage for the following months (ENTER MONTHS) equivalent to ninety (90) days for the following account:

Mortgage account number:

Mortgage Holder: Payment Date:

Payment Date

Forbearance and Non-Interest Accrual Period:

I would ask that you forbear my mortgage for the next three (3) months and add those payments on to the back of my mortgage making them due at the end of the mortgage as opposed to presently. I am respectfully requesting this forbearance as a result of the coronavirus and the economic impact that it has had on my business. Due to the virus and the associated business closings, we have lost significant revenues that have made it difficult to pay our bills. While we have worked on alternate revenue generating options, the cash is not available at the moment, and paying our mortgage would cause us to not have the funds needed to continue to generate revenue. I do not make this request lightly, and I understand that we entered into a mortgage agreement with your institution. I know that if we work together, we will come out of this together.

Sincerely,

NAME

Posted by Lori Turoff | Currently 4 Comments »

2020 Apr 8th

The Hoboken Weekly Wednesday Wrap Up for the Week Ending April 8th

Week ending April 8th, 2020

If you want to see what’s currently for sale in Hoboken?  Just click on the link directly below for all currently active properties.  Want to see what’s new this week, look down a bit further for the new listing link with properties sorted by price.

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  •  177 active Hoboken listings
  •  156 Condo & Co-op listings
  • 21 Single-family and Multi-family  

This Week’s Residential Property Sales & Activity:

Studio & 1-Bedroom Properties

2 Pending

5 Sold

2-Bedroom Properties

2 Pending

10 sold

3-Bedroom & larger Properties

No pending.

2 Sold

  • 413 Jeff #1, listed 2/7 for $982k, sold for $982k.
  • 70 Monroe#2, listed 1/16 for $1.025mil, sold for $1.025mil.

The information provided in this private transmission is only for the personal, non-commercial use of you, the consumer.  It may not be reproduced or distributed in any manner.  It may not be used for any purpose other than to identify prospective properties you the consumers may be interested in purchasing or renting.

Sales numbers rounded up for convenience.  Information is deemed to be reliable but not guaranteed.

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