New Jersey Short Sale vs. Foreclosure
NJ Short Sale vs. foreclosure is the best route for a homeowner to take under any circumstance, if eligible. Unfortunately, almost 6-7 out of every ten homeowners today are facing some form of hardship caused by financial devastation. Should you be eligible to pursue a short sale it is imperative since there are many reasons for you to go for a NJ short sale vs. foreclosure. What is a short sale? A form of agreement between the owner of the home and your existing lender, “pre-foreclosure,” allowing the home to be sold for less then what is owed to your lender. Your lender would accept less than the loan amount in order to avoid a foreclosure proceeding. The short sale would result in a substantial discount price for the buyer.
Here is what others are saying about NJ Short Sale Negotiations by Holly:
What makes you eligible for a NJ short sale vs. foreclosure? There are a few factors in determining if you would qualify for a short sale. One is the nature of your hardship; the financial status of your debts versus your assets and your loan to value, or in today’s market better described as your “remaining value compared to your loan amount.” NJ short sale vs. foreclosure is a much better solution. Short sales of homes jumped 19% in the second quarter of 2011 compared with the prior 3 (three) months, while foreclosure sales were flat, signaling that banks are finally warming up to short sale transactions. (According to Bloomberg reports)
Almost a third of all home transactions in August 2011 were foreclosures or short sales according to the National Association of Realtors. (NAR) Banks have become much more supportive with NJ short sales vs. foreclosure and are finally getting their act together. The process is still slower than the traditional sale, however, much improved. Solutions are our best assets in eliminating stresses, if you find yourself in a situation I can certainly help simplify the financial epidemic so many families are facing or about to face.
Short Sale NJ Real Estate Solutions – Holly Pring, CDPE Certified Distressed Property Expert, SFR, Broker/ Owner I specialize in helping buyers and sellers through the process of homeownership & Short Sales in all Central New Jersey including Bernardsville, Basking Ridge, Bridgewater, Bedminster, Peapack Gladstone, Far Hills, Madison, Summit, Chatham, Short Hills, Tewksbury Township, Mendham, Chester, Long Valley, Stilling, Gillette, Warren and the surrounding areas (908)-303-0478