New Jersey Foreclosure And Short Sale Information - NJ Foreclosure Prevention- Avoid Foreclosure In NJ

Short Sale Specialists Serving :

The Following Counties Of New Jersey:

Bergen,

Essex,

Hunterdon,

Morris,

Passaic,

Somerset,

Sussex,

Union,

Warren

Counties

What Is A Short Sale?

Foreclosure on a home has consequences for the family, the community, the housing market, and the economy. However, the option for a short sale provides a way for troubled homeowners to prevent foreclosure and many of the dire penalties involved.

A short sale is an agreement in which your mortgage lender agrees to accept a payoff on the loan for less than the balance. Many lenders agree to a short sale because they receive more of the loan balance in comparison to the amount they would gain from selling the property following a foreclosure. This process also aids in maintaining home values in the community the property is located and helps the homeowner maintain a better level of credit compared to a foreclosure. In most instances, homeowners considering a short sale must meet specific criteria to qualify: you must be behind in your mortgage payments, provide evidence of economic hardship, and have little or no equity in the property.

A short sale is not a typical real estate transaction. Most real estate transactions involve the home seller and their real estate agent, the buyer and their lender, and their real estate agent. In a short sale situation, all of those parties in addition to the seller's loan servicer, a housing counselor, any junior lien holders, mortgage investors, and insurers may be involved too.

With so many parties involved in a short sale, the process can be difficult to complete without a qualified REALTOR® to help guide you and act as a liaison between all of the parties involved. You will want the advice and expertise of a REALTOR® who has your best interests in mind and will expedite the short sale transaction. It is essential to have a REALTOR® who won't allow you to miss a detail that could delay closing the transaction in a timely manner and to the specifics required by all parties involved. A qualified REALTOR® with experience in short sales will also be able to find a buyer to complete the transaction. Homeowners agreeing to a short sale should also consult a tax expert and obtain the services of an attorney to help protect themselves from any future claims by the lender.

NJ Foreclosure Prevention

Specializing in helping homeowners use a Short Sale to avoid home foreclosure in the New Jersey real estate market.

Service Areas Include:

Bergen County,

Allendale, Alpine, Bergenfield, Bogota, Carldstadt, Cliffside Park, Closter, Cresskill, Demarest, Dumont, Elmwood Park, East Rutherford, Edgewater, Emerson, Englewood, Englewood Cliffs, Fair lawn, Franklin Lakes, Garfield, Glen Rock, Hackensack, Harringron Park, Hasbrook Heights, Haworth, HoHoKus, Leonia, Little Ferry, Lodi, Lyndhurst, Mahwah, Maywood, Midland Park, Montvale, Moonachie, New Milford, North Arlington, Northvale, Norwood, Oakland, Old Tappan, Oradell, Palisades Park, Paramus, Park Ridge, Ramsey, Ridgefield Park, Ridgewood, Rochelle Park, Rutherford, Saddlebrook, Saddle River, Teaneck, Tenafly, Upper Saddle River, Waldwick, Washington, Westwood, Woodcliff Lake, WoodRidge,Wycoff

Essex County,

Belleville, Bloomfield, Caldwell, Cedar Grove, Essex Fells, Fairfield, Glen Ridge, Livingston, Maplewood, Millburn, Montclair, North Caldwell, Nutley, Roseland, Verona, West Caldwell, West Orange

Hunterdon County

Alexandria Twp, Bethlehem Twp, Bloomsbury, Califon, Clinton Twp, Deleware Twp, East Amwell, Twp Flemington, Franklin Twp, Glen Gardner, Hampton, High Bridge, Holland twp, Kingwood Twp, Lambertville, Lebanon, Milford, Raritan Twp, Readington Twp, Stockton, Tewksbury Twp, Union Twp, West Amwell

Morris County,

Boonton , Butler, Chatham, Chester, Denville, Dover, East Hanover, Florham Park, Hanover, Harding, Jefferson, Kinnelon, Lincoln Park, Long Hill, Madison, Mendham, Montville, Morris Plains, Morris Twp, Morristown, Mount Arlington, Mount Olive, Mountain Lakes, Netcong, Parsippany, Pompton Plains, Pequannock, Randolph, Riverdale, Rockaway, Roxbury, Washington,

Passaic County,

Bloomingdale, Clifton, Haledon, Hawthorne, Little Falls, North Haledon, Pompton Lakes, Prospect Park, Ringwood, Totowa, Wanaque, Wayne, West Milford, Woodland Park

Someret County,

Bedminster, Bernards Twp, Bernardsville, BoundBrook, Branchville, Bridgewater, Far Hills, Franklin, Warren Twp, Watchung

Sussex County,

Andover, Byram, Frankford, Franklin, Green Twp, Hamburg, Hampton Twp, Hardyton, Hopatcong, Lafayette, Newton, Ogdenburg, Sparta, Stanhope, Stillwater, Sussex, Vernon, Wantage

Union County,

Berkeley heights, Clark, Cranford, Elizabeth, Fanwood, Garwood, Hillside, Kennilworth, Mountainside, New Providence, Roselle Park, Scotch Plains, Springfield, Summit, Union Twp, Westfield,

Warren County,

Allamuchy, Alpha, Belvidere, Blairstown, Franklin, Frelinghuysen, Greenwich twp, Hacketstown, Harmony, Hope, Independence, Liberty, Lopatcong, Mansfield, Oxford, Phillipsburg, Pohatcong, Stewartsville, Washington, White Twp

This site has been sponsored by "Antonette Solano" Broker Owner at www.PristinePropertiesNJ.com