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A panel of industry professionals representing the four key areas of the real estate transaction discussed the pivotal issues facing Hispanic consumers in the current market. Topics included Multi-generational housing needs, issues related to short sales and foreclosure, and the impact of bad credit and credit repair options. The panel included the National Association of Hispanic Real Estate Professionals (NAREP) Number 4 Top Producing REALTOR of 2013, Broker of Century 21 JR Gold Team Realty- Johnny Rojas, Attorney Melissa Suarez, All American Mortgage Senior Loan Originator- Norberto Maldonado and Owner of the State Farm- Capellan Agency Carlos Capellan.

Global Business Council Chair and Broker of RE/MAX Select Properties, Ali Memar said, “Our Council has learned that more than 10 local municipalities have a resident population demographic consisting of 20 percent or more Latino. This data along with a heightened awareness of their unique needs will assist our members to better serve local buyers and sellers”.

The towns of Fairview, Bogota, Ridgefield Park, Hackensack, Garfield and Lodi all have Hispanic resident populations exceeding 30 percent. The median age for these residents is 33 years old. The National Association of REALTORS reported recently that ages 31-37 are prime for consumers to become first-time homebuyers.

Special guests at this event celebrating Hispanic heritage month included Edward Cernuda Vice President of NAHREP’s Northern NJ Chapter and Tanya Reu Senior Vice President, Human Resources at Realogy Corporation. Michael Bovasso and Jade Stone of Continental Home Loans.

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