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Short Sale Specialists Serving : The Following Counties Of New Jersey:
Bergen,
Essex,
Hunterdon,
Morris,
Passaic,
Somerset,
Sussex,
Union,
Warren
Counties
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First and foremost, contact your lender. This will aid in future communications by showing your intent to resolve the matter with honesty to satisfy the loan balance on your home to the best of your abilities. Secondly, contact a qualified and experienced REALTOR®, an attorney, and accountant. As a local REALTOR® and expert we may be able to recommend both an attorney and accountant to assist you with the activities in the process that requires a practicing law expert. Our team will be an incredible ally in the process, offering guidance and recommendations and ultimately being a key to the success of a short sale.
You should also determine if you will qualify for a short sale by undergoing an analysis of your financial situation.
An example of some of the documentation that you may be required to provide includes, but is certainly not limited to, the following:
- Letter of Authorization - Lenders will not disclose your personal information without your authorization to do so. With so many parties involved in a short sale, a letter of authorization will aid in cooperation and information sharing. The authorization letter should include the address of the property, the loan reference number, your contact information, the date, and your real estate agent's name and contact information.
- Preliminary Net Sheet - This is an estimate of the sales price you expect and the expenses associated with the sale of your property, including unpaid loan balances and fees. If you are unsure of how to calculate this information, a qualified REALTOR® will be extremely helpful.
- Proof of Income - Bank statements, savings accounts, and information regarding investments, cash, and additional real estate you own, should be provided to your lender. Your lender will require full disclosure of your financial situation in order to determine that your debt is worthy of forgiveness. Any document or evidence you can provide-from receipts for pawned merchandise, diverse papers, copies of any late bills, and more-can be taken into consideration.
- Comparative Market Analysis (CMA) - When markets decline and property values fall it often affects your ability to sell your home at a price that will satisfy the total loan amount. Proving this information to a lender through a CMA report prepared by your real estate agent, will show the price of homes similar to yours that are currently on the market, are pending sale, or have been sold in the last six months. Again, a REALTOR® will be a valuable partner in providing you this information.
If you need any help gathering this information, please feel free to contact us at any time!
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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
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