I think that short sales are one of the most misunderstood options that distressed homeowners have today. I was speaking with a homeowner today who was facing foreclosure and was not able to qualify for a loan modification. She was adamant that she didn't want to do a short sale, because it would hurt her credit. What she didn't realize was that the foreclosure would have a much greater and longer lasting effect on her credit, and she may still owe whatever was leftover on her loan once the home was sold at auction. I was trying to help her avoid these problems, but because she had heard that short sales were bad, she didn't even want to discuss it. I've found that http://www.hopenow.com/homeowner_options.html is a great site that explains many of the options that homeowners have. Educating yourself about your options is the best first line of defense against making a poor decision for you and your family.
Joseph Cacciapaglia, MLERE
Realtor Associate®
R&I Realty
15 Potter Street
Haddonfield, NJ 08033
Office: 856.795.3111 x268
Cell: 979.218.2286
Jcacci1@gmail.com
Welcome to the grand opening of my blog. I work with homeowners facing foreclosure on a daily basis, and it seems that there is too little information out there for them to make sound financial decisions for themselves and their families. My hope is that this blog will be one additional resource for distressed homeowners. Please let me know if there are any topics that you would like discussed in my blog.
Joseph Cacciapaglia, MLERE
I'm currently using my education and experience with foreclosures, short sales, and loan modifications to help distressed homeowners make the best decisions given their unique situations.
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