What are short sales?
A Short Sale is an option involving the bank's approval to sell your house for less than is owed on your mortgage. The bank agrees to accept the highest offer you can achieve and forgive you for the difference. This allows you to prevent negative remarks on your creidt file by the bank. The debt is cancelled at closing and considered paid satisfied on your file. Foreclosure will create more obstacles on your way to recovery and your credit is likely to take a large hit in the process. In a short sale, the owner of the home is not allowed to benefit from any extra proceeds. You will have to communicate with the bank and file your case with them. The process is exhausting and adds more stress to an already tough situation.
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You could talk to my team and I about a possible short sale situation and learn how to handle it- Call me at 732 685 2881 or RE/MAX Realty 9 of Howell NJ- 732 364 0300 - 128 at the greeting WE will handle the whole thing for you. We will contact the bank, draw up paperwork and file your case. We will oversee the process and maintain contact with the bank through to closing. You will be updated and because your short sale is approved, the bank pays for my services.
Learn more about how I can represent you and the service you can expect from my team and I. We understand and care and can empathize with your situation. Let us take the strain for you.
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Shrewsbury based Neal Ruben has provided miracles on numerous occasions. He is aggressive and results driven and will offer every issue that may arise upfront. He is an excellent attorney. 179 Avenue at the Commons, Shrewsbury, NJ.
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Im not sure the issue of iflating costs is really relevant to the short sale process. Clearly, they are going to accept less money in a short sale. It is not something that any lender is obligated to do. Could inflating costs be an issue? Yes the could but not in a short sale situation.