If you are looking to purchase a home, pursuing a property that is available through a short sale may seem like an attractive option. These properties are generally made available at a price that is far less than would normally be expected because the seller has fallen short on their…
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Archive for the ‘Short Sales’ Category
The Short Sale Process in New Jersey
Aug 03, 2016
Short sales have been around for a long time, but have gotten a lot more attention in the last few years because of the recent economic crisis. A trend towards homeowners over-borrowing and banks over-lending combined with an increase in unemployment and housing prices falling to create a perfect storm…
Short Sales: How To Get Started
Feb 24, 2015
A short sale provides a peace-of-mind alternative to struggling homeowners who want to avoid foreclosure but cannot sell their homes for what is owed on their mortgages. For example, if a homeowner owes $200,000 on his mortgage and has fallen behind on payments due to a financial hardship, they will…
Short Sales: Is the Time Worth the Effort?
Jun 17, 2014
When you are excited about buying a new home, the last thing you are looking for is a long, drawn-out process that leaves you with lots of questions and few answers. However, good things do come to those who wait…especially if you and your family have the patience to wait…