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How A Bergen County Short Sale Could Help You Avoid Owing Money In The Future
Bergen County NJ – A good short sale agent can help you avoid owing thousands of dollars in the future. Why?
Well, the most banks lose money when they reject a short sale. They turn down a sales price of $200,000. They foreclose on the home and put it up for sale.
However, they are not able to get the price they want. The home ends up selling for $150,000. What does that mean to you?
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
First, you probably owe them a lot of money. They may have been losing money on the original short sale. But, now they lost another $50,000. They will probably ask you to repay them for their loss.
Many people are shocked to learn that they are stuck owing tens of thousands of dollars to their bank. A short sale can help reduce the amount you owe. I’ll explain how.
First, most short sales result in the bank forgiving you on the debt. We have seen banks lose hundreds of thousands of dollars and still forgive the debt.
I estimate that over 80% of short sales result in the homeowner result ... more

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