Come check out my new 11 room, 3 bedroom listing at 28 Bellevue Avenue in Summit, NJ on this Sunday, 5/2, from 1-4pm. You have to see this updated 1920’s colonial!
Find out the 10 biggest mistakes for home buyers and how to avoid them!
Testimonials
"Having run an international company, I could appreciate the marketing that Tom did for our house. He priced it correctly at $2,250,000 and implimented a marketing plan which produced two full price offers in a few weeks. We were impressed with this extremely thorough transaction."
~Satisfied Seller
"Please let me take this opportunity to thank you for moving my property in Short Hills. I was told that the McDonough name was magic when it came to selling or buying property - now I'm convinced."
~Satisfied Seller
If I refinance, do I need a new title search and title insurance?
April 28th, 2010
This is a commonly asked question. Each time that you refinance, or put a new mortgage on the property, it is considered a separate event. If there is a new lender, or simply a new loan, that new loan must be insured. In addition, a new title search must be obtained to make sure that there have been no intervening liens, or title defects since the time that you purchased or last refinanced the Property.
For a refinance transaction, a new lender’s title insurance policy must be issued, not a new owner’s policy. As such, the cost of the title insurance should be less then when you purchased. The cost of title insurance is regulated by law, and in the case of a refinance will be based on the amount of the new loan.
If you have any questions about this process, please give me a call at 973-898-7300 x126. I would be happy discuss it with you.
You may also find more information on Refinancing on my web site, www.martyeagan.com.
Spring is Here! Must Be Time for the Annual Summit Street Fair
April 13th, 2010
The Annual Summit Street Fair and Craft Show marks the true beginning of spring for Summit residents and visitors. This year it will take place on April 25 from 11am to 5pm along the streets of downtown Summit.
As if Summit was not pedestrian friendly enough, portions of Springfield Avenue, Beekman Terrace, and Union Place will be closed. On these streets, vendors will set up their shops with beautiful artisan works and food stands.
Fun activities are planned for young ones too. There will be clowns, a stilt walker, a mime, and games as well.
Music will be filling the air all day as all types of musical talents join the fun on the hilltop. The schedule has been published by the Summit Downtown Association as follows: New Jersey Marching Fife and Drum from 11-11:30am, Kindred Souls Rock Band from 11am-1:30 pm. DJ “John,” Espiritu Andino Music from Chile, and the NJ Jazz Ensemble will playing throughout the entire day.
Downtown Summit will be vibrating with celebration on this Sunday… don’t miss out on all the fun!
Written by Esther Tomasello
es.tomasello@gmail.com
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Thomas G. Mcdonough: 428 Springfield Ave, Summit, NJ 07901 Phone: 908-273-0400 Cell: 908-500-2338