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New Jersey Multiple Listing Service
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Nearly Eight in 10 Americans Still Believe Buying a Home Makes Good Financial Sense

From rismedia.com: Nearly eight out of 10 respondents believe buying a home is a good financial decision, despite ongoing challenges with the economy and housing market. That’s according to the 2010 National Housing Pulse Survey, an annual report released by the National Association of Realtors. The survey, which measures how affordable housing issues affect consumers, also found job security concerns to be the highest in eight years…

Click here for more.




States launch foreclosure probe

From CNNMoney.com: Fifty state attorneys general announced a coordinated probe Wednesday into improper foreclosures performed by the nation’s largest loan servicers, but stopped short of calling for a freeze on all foreclosures.

The group will work to put an immediate stop to improper mortgage foreclosure practices, as well as review past and present practices by loan servicers and potential remedies.

Click here for the full article.




Reminder on Short Sales

Per NJMLS Rules and Regulations, Listing Brokers/Agents are required to disclose the potential for a short sale in the REMARKS section of a listing. Suggested language to use is “Potential short sale, subject to lender/bank approval.”

In addition, Listing Brokers/Agents need to report the ARIP status when an offer is signed by the buyer and seller and being reviewed by the attorneys/bank or lender - do not wait for bank approval to report the ARIP status. Listings not reported ARIP within 24 hours are subject to a fine. The UC status should be reported once the Attorney Review has been completed.




 

NJMLS Newsletter - October 2010

Word from Our Executive Director

I have always been a child in my heart and my favorite character has always been Winnie the Pooh. When asked, “What do you really like best in your life,” Pooh had to stop and think about it because although he liked eating honey a lot, there was a moment just before he began to eat the honey which was better than anything but he just didn’t know what to call it …More


NJMLS Highlights with Graphics

Please click here to view the PDF version of this month’s newsletter.


Tina Griffin Bids Farewell to NJMLS

Director Tina Griffin is retiring from the NJMLS in January 2011 after 34 years of service. This marks the end of a long career, with many significant achievements marking the milestones of a company that has long been the benchmark to which other MLS systems aspire …More


What’s New In XL Paragon?

Copying Listings: A new feature has been added in XL Paragon that allows you to copy a listing from one category into another, for example, copying a listing that you have for sale in the Residential category to the Rental category. This feature, as with any “Copy Listing” function, is only available for your own listings. You will also see that Copy Listing is now featured on the left side of the Listing Load page. This allows easy accessibility to copy your listings. You have two ways to start doing this: …More


Soon to Be Released: Prospecting Upgrade

Prospecting is getting a makeover! Soon, your customers and clients who are set up as Prospects will see a new look when they receive automatic emails of listings. This enhanced version also gives them several new options, making this a more robust, interactive experience.

New listings and listings with changes will appear at the top of the list, with information indicating why that property has been sent, such as New Listing or Price Change. A map with the listing plotted on it will also be shown.
…More


ALSO IN THE OCTOBER EDITION OF NJMLS HIGHLIGHTS

(Click on headlines to view complete versions of these stories)


NJMLS Suggestion Box © Copyright 2010 New Jersey Multiple Listing Service, Inc.
NJMLS service mark is registered in the US Patent & Trademark Office.
Web site last updated October 2010.