| Short Sales | Pre foreclosure | Mortgage | Homes for sale | NJ | Loan Modifications |

According to Beth Parker regarding Short Sales

One alternative to abandoning your home is a short sale. Unfortunately, you need the bank's cooperation to do it. When you sell your house in a short sale, the bank agrees to accept the amount that the house is selling for as full payment on the mortgage. Some banks will not do short sales at all, and those that do will make you jump through a lot of hoops and fill out tons of paperwork to get the sale approved. As a result, short sales are rare. However, if you can do it, a short sale is better that letting your house go into foreclosure.

If you find yourself facing foreclosure or you just can not pay your motgage anymore please contact my team to explain all your options from Loan Modifications to forclosures. If there is any advice I can give you to avoid making the most common mistake people in a financial bind make is PLEASE DO NOT WAIT UNTIL IT IS TOO LATE; Call a professional like my self with a team of licensed agents, attorneys, lenders and title agents before we are unable to help keep you informed of new laws and regulations and your options as to what to do regarding the property in question.