short sale: Best Buy List Steals - Bank Owned Homes. Atlantic County (Atlantic City Area) NJ. - 08/17/10 02:40 AM
Here are a few properties that are great buys. Please feel free to forward this email to anyone who might be interested. Reply back or call if you are interested in any of the properties. Contact us asap before these deals are gone.
Mullica Twp - $31,900: 3 bed, 1 bath single family. BANK OWNED
Galloway - $89,900: 2 bedroom, 1 full bath. Detached garage. BANK OWNED
Northfield - $140,000: 3 bedroom, 2.5 bath, basement. BANK OWNED
Mays Landing - $198,900: 4 bedroom, 3 bath, 2,800 square feet. BANK OWNED
Egg Harbor Township - $339,900: 4 bed, 2.5 bath Ballenger Woods … (0 comments)

short sale: Should I Short Sale My Home? Or Let It Go Into Foreclosure? - 07/12/10 07:23 AM
Should I Short Sale My Home?  Or Let The Bank Foreclose?
In Atlantic County, NJ real unemployment rate is currently 23%.  Nearly one in four household are currently effected by our unemployment.  Nationwide over 7.2 million people are facing a financial hardship and are in danger of loosing their home.  The question that many home owners have is should let the bank foreclose on my home or should I short sell the home? 
First of all if the bank forecloses on a home this severely effects the home owners credit score.  It will take 7 years to recover from a foreclosure … (1 comments)

short sale: Can you sell and investment property or second home with a short sale? - 07/07/10 05:34 AM
Over the last several months I have had several people contact me in need of selling their investment properties.
The problem was that they owed more than the homes were worth.  That's where a short sale comes in.  You may not know that a short sale can work for investment property and not just for a primary residence. 
With a short sale we have to prove that the seller has a financial hardship that requires them to sell the home.  Perhaps the rent amount is not sufficient to cover the carrying cost of the home.  Perhaps a loss of job or … (2 comments)

short sale: Best Buy List Steals - Bank Owned Homes. Atlantic County (Atlantic City Area) NJ. - 07/07/10 02:23 AM
Here are a few properties that are great buys. Please feel free to forward this email to anyone who might be interested. Reply back or call if you are interested in any of the properties. Contact us asap before these deals are gone.
Atlantic City - $22,225: 2 bed, 1 bath single family semi detached. BANK OWNED
Galloway - $159,900: 3 bedroom, 2 full bath, 2 half bath, finished basement, large home, one acre. BANK OWNED
Egg Harbor Township - $245,000: 4 bedroom, 2.5 bath, Family room, 2 car garage, full basement. BANK OWNED
Egg Harbor Township - $127,500: 3 bedroom, … (0 comments)

short sale: How to keep your home and avoid foreclosure. - 11/23/09 02:43 AM
I hate to see home owners loose their homes.  There is help available and I'd like to give you an overview of your options.
A great option is a mortgage modification.  This is a way for home owners to modify their mortgage or refinance to a more affordable payment. Here is the website regarding mortgage modifications: http://makinghomeaffordable.gov/
Also here is a link to a list of HUD approved free counselors that help home owners determine their best options: http://makinghomeaffordable.gov/counselor.html
If you can't afford to keep your home or must sell another option for home owners facing foreclosure is a short … (5 comments)

short sale: What is a Short Sale? Short Sales Explained - 08/11/09 12:52 AM
A Client of mind just emailed me and asked me to explain a short sale.  I thought I would explain it here on the blog.
Basically the seller of a home owes more than what the house is worth.  Maybe they bought the home recently at the height of the market or refinanced too many times and no longer have equity.  Then the seller has a financial hardship, perhaps a job loss or illness, and can no longer keep the home.  The short sale is a way to avoid foreclosure and sell their house without damaging their credit as badly as … (2 comments)

short sale: Does It Make Sense To Use A Third Pary To Negotiate Short Sales? What vendors are good? - 07/31/08 12:50 AM
In my experience with short sales they are very time consuming and draining to handle.  It takes usually at least 90 days to hear back from the bank about an offer.  I'm considering using a third party company to help get all the needed documents from the seller and then negotiate directly with the banks.
I talked with two companies that have local reps and would cover my area here in Atlantic County, NJ.  Both companies do the same thing however they get paid differently.  US Loss Mitigation service gets paid $825 or $925 up front, non refundable, from the seller … (9 comments)