Call Us Today to Get a Fresh Start Today!
As a homeowner, falling behind on your mortgage payment or dealing with the dreaded possibility of foreclosure can be a traumatic experience and extremely stressful.
If for whatever reason you are currently behind on your mortgage payments or foresee that you will soon be unable to continue making your payments, and have attempted to sell your home unsuccessfully due to the declining market: you do have options.
Quite understandably, many distressed homeowners simply give up and give in to the foreclosure process, often without being fully aware of the options available to them.
At NJ Home Relief, we understand that navigating through the foreclosure process can be a daunting prospect, especially in light of the other stresses you are dealing with.
Our goal is to give you the needed information about all the options available to you.
By conducting a thorough analysis of your particular situation we can assist you in identifying and implementing the best possible solution.
What is a Short Sale?
Also known as a pre-foreclosure workout or a real estate short pay-off, a short sale is an agreement with a lender to accept less than the amount owed by a borrower via a sale of the property to a third party. With this agreement, the lender releases the borrower from the mortgage, thereby preventing foreclosure.
NJ Home Relief will work with you to come up with the best possible solution given your particular situation.
At no cost to you, we will negotiate with your lender to agree to a short sale and see the process though to a final sale of your property.
Advantages of a Short Sale
Minimize damaging impact to credit:
Foreclosure can remain on your credit for up to seven years while a short sale usually gets reported as a settled debt and is significantly less damaging. With a short sale, your FICO score will not be as negatively impacted as it would be with a foreclosure, and you will be able to get into a new home much sooner as well.
Minimize financial exposure/liability:
In many foreclosure situations, the lender will ultimately sell the property at a significant discount once they foreclose and repossess the property. The homeowner can then be financially liable to the lender. While the same may be true with a short sale, the difference is with a short sale the homeowner is still involved in the process and can therefore contribute their input, have more control over the sale price of the property and the potential associated liabilities. In a foreclosure, however, once the lender repossesses the property, the homeowner is typically defenseless with respect to what follows next.
How it works
When you decide to work with us you can take comfort in the knowledge that you have a professional acting on your behalf and you will no longer have to deal with uncomfortable correspondence from your lender.
After consulting with a specialist at NJ Home Relief and reviewing all of your options, if we determine that a short sale is the most appropriate solution for you, the process will begin.
We will work with you to collect all of the necessary documents and compile the complete short sale file that is required by your lender.
We will act as an authorized agent on your behalf to negotiate the short sale. We will retain a realtor from our network of realtors that specialize in short sales in order to get you the highest possible price for your home.
Finally, we will negotiate with your lender to reach the best agreement possible so that you can put this behind you and get back on track.
It is important to keep in mind that short sales tend to be time-consuming, complicated, and often a frustrating process.
As a national leader in short sale negotiation, the professionals at NJ Home Relief are available to manage this process for you.
When you team up with us, you are tapping into our renowned expertise in negotiating short sales, and leveraging our experience and resources to resolve your problem.
With NJ Home Relief you can be sure that together we will achieve the best possible outcome.
|
|