From Starter Homes to Luxury Properties

Avoiding Foreclosure - Consider a Short Sale

If you are a homeowner facing foreclosure there are viable options which may be available to you.   A Short Sale can be one of those options, because it provides you with a window of opportunity to sell your home and work with your lender to pay off your debt.  Short sales are often seen as preferable to foreclosure because they don't harm a borrowers' credit record as much as a foreclosure.  This "short selling" of a home offers many advantages versus foreclosing for lenders, home owners and buyers.    

If you are considering a short sale, lending institutions are changing requirements, procedures and qualifications almost daily.  As a qualified realtor we will work with you throughout the entire process to ensure that we keep your best interests in mind. 

While Short Sales have grabbed the media spotlight across the country, homeowners need to be aware of current New Jersey regulations regarding foreclosure and short sales. Sellers who are contemplating a short sale should consult with an attorney regarding procedures and possible outcomes.

If you are a buyer considering purchasing a  "short sale" home or foreclosed property, you should be aware that these are not normal real estate transactions.  As a qualified realtor and resource, we work with our clients to address some of the issues associated with these transactions. We do provide counseling to buyers who may be considering these properties.

If you have any questions or concerns please contact us anytime or write to us below.  All communication will be strictly confidential.

For Further Reading