This page was last updated: January 2, 2010
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Selling a house? I will get your house sold for top dollar and in a timely manner. I don't want to just list your house, I want to sell it! Fast!
1F Short Sale
Harrison
MLS # 2666249
I specialize in Residential, Commercial; Investments also “SHORT SALE” if you have a mortgage and cannot make your loan payments. You are in the risk of a Foreclosure!
That can cause you a REAL DESASTER on your credit for several long yeas!
Do not hesitate to call now for a free consultation, which I might be able to help you, negotiating with the Bank and would cost you nothing! All conversation and information are restrictedly confidential.
1F Short Sale
Newark
MLS # 2567715
1F Short Sale
Union
MLS # 2573604
STATUS: UC
1F Short Sale
MLS # 2519480
Short Sale
1F East Orange
MLS # 2656003
2F Short Sale
Newark
MLS # 2510875
2F Short Sale
Newark
MLS # 2658583
2F Short Sale
Newark
MLS # 2573120
2F Short Sale
Newark
MLS # 2510812
1F Short Sale
Hillside
MLS # 2564279
2F Short Sale
Newark
MLS # 2657992
STATUS: UC
2F Newark
MLS # 2506055
STATUS: UC
2F Short Sale
MLS # 2510904
2F Short Sale
Newark
MLS # 2540380
3F Short Sale
Newark
MLS#: 2567566
MLS#: 2687866 -MYRTLE AVE Newark
The best way to buy a short sale home is to use a Realtor who has short sale training and experience.
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Short Sales
A short sale is simply when a bank is willing to take a lesser payoff on a mortgage than what is owed by the property owner. (If you want a really detailed explanation then check out Wikipedia's explanation of a short sale)
Lets take an example. Let's say you find a homeowner that has a property that is worth $150,000 but they owe the bank $200,000 (very common in this housing market). Now the owner is behind on their payments and want to get rid of their house but they can't since they owe more than it's worth.
Well that is where you as the investor comes in. You will contract with the homeowner to purchase their property at a below market price ... say $75,000. You will then contact the bank as the buyer and ask them to consider a short sale.... this gets the ball rolling on this.
So now is where it gets complicated. You see the bank will ask the homeowner to fill out a bunch of paperwork to prove that they cannot afford the mortgage and are not able to financially meet their obligations. In addition, the bank will also send a Realtor to evaluate the property and determine it's value.
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