If you are looking to purchase a home, pursuing a property that is available through a short sale may seem like an attractive option. These properties are generally made available at a price that is far less than would normally be expected because the seller has fallen short on their mortgage payments, and the lender … Read More »
Posts Categorized: Short Sales
The Short Sale Process in New Jersey
Posted On: August 3, 2016 | Categorized as: Short SalesShort sales have been around for a long time, but have gotten a lot more attention in the last few years because of the recent economic crisis. A trend towards homeowners over-borrowing and banks over-lending combined with an increase in unemployment and housing prices falling to create a perfect storm in which people were unable … Read More »
Short Sales: How To Get Started
Posted On: February 24, 2015 | Categorized as: Real Estate, Short SalesA short sale provides a peace-of-mind alternative to struggling homeowners who want to avoid foreclosure but cannot sell their homes for what is owed on their mortgages. For example, if a homeowner owes $200,000 on his mortgage and has fallen behind on payments due to a financial hardship, they will be faced with the reality … Read More »
Short Sales: Is the Time Worth the Effort?
Posted On: June 17, 2014 | Categorized as: Real Estate, Short SalesWhen you are excited about buying a new home, the last thing you are looking for is a long, drawn-out process that leaves you with lots of questions and few answers. However, good things do come to those who wait…especially if you and your family have the patience to wait for a bank’s decision in … Read More »