Morris-Homes.com - Morris County Real Estate, Your Comprehensive Source For Residential Real Estate in Morris County, New Jersey Morris County Homes top most real estate agent morristown nj  Mobile 973-615-6504 | 973-953-7777
Email Us Visit us on Facebook Follow Us on Instagram
Sellers/Homeowners > Why Not Consider a Short Sale instead of facing Foreclosure?

Instant Home Value
What's My Home Worth? Instant Home Valuation Online
 
Praise / Our Reviews

"If you are looking for people who seamlessly blend extraordinary customer service, knowledge, experience, compassion and caring into one dynamic package look no further than this team. From giving you the bottom line, to answering late night panic calls on price negotiating they will be there for you through the entire process of selling or buying a home."

Greg James and Hope Kaufman, Home Buyers

"There are no words to thank you for all you did during the process of selling and buying our new house. You were not just a realtor, but a friend, therapist and confidante during a very stressful time. We cannot thank you enough for being 100% there for us - even when times got tough. You are truly the best at what you do. We send you a million thanks and all the best in the future. You are a wonderful person and will always be so appreciative for all you have done."

The Spitzers, Home Sellers

"My Experiences with them were Outstanding. I was Impressed with their Responsiveness and Professionalism. Their Knowledge of the Local Areas is Outstanding. Not once did I feel Pressured or Hurried. They were Always Available, Always Checking In, and just Overall Kind."

Karla & Felix Batres, Home Buyers

 
Read Our Blog
Read Our North Central NJ Real Estate New Blog
 

Is Your Home Under Water? Why Not Consider a Short Sale instead of a Foreclosure

Do You Owe More on your Mortgage than Your Home is Worth and Can't Afford the Payments? You might be able to Sell it for Less than you Owe - Without Having to Pay the Lender the Difference.

Foreclosure vs Short Sale, Certified Distressed Property Experts (CDPE). Special Expertise in Foreclosure Avoidance and Handling Short Sales

Here are the benefits of a Short Sale compared to a Foreclosure:

  • We will help you Sell your house.
  • The Lender will usually pay the Broker's Fee.
  • And You Get to Protect Your Credit Score.


We have Specialized Training and Experience in handling Short Sales and are one of the very few Real Estate Agents in the nation who have earned the CDPE -Certified Distressed Property Experts designation and have expertise in Foreclosure Avoidance and handling Short Sales.

Call Us TODAY for a Confidential Consultation to see if you qualify for a Short Sale!


Why Not Be Foreclosed? Why Sell Short Instead?

Below are some reasons Why a Short Sale can be Better than a Foreclosure:

 

Avoid the foreclosure stigma – Homeowners will always have to disclose that they had a foreclosure on any mortgage application and (many job applications) that they submit in the future. This can have an adverse affect on their future mortgage rates. Foreclosure is asked about specifically in credit inquiries. There is no seven-year time limit on this item.

The Lender Pays Realtor Commission - Yes that is correct, in a Short Sale most lenders will pay the Realtor's Commission.

Protect credit score – Credit scores will be lowered by 300-plus points (per loan) by foreclosure. The impact of a short sale—about half that much.

Improve eligibility for a government insured loan – The homeowner will be ineligible for a government insured loan for 5-7 years (only two years in a short sale). A foreclosure is the one credit report item that is almost impossible to have repaired.

Avoid a deficiency judgment – Lenders can seek a deficiency judgment against the homeowner and collect any amount they do not recover at sale.

Protect employment prospects – Many employers run credit checks on prospective employees. Foreclosure is one of the top items that will put a potential new hire, or even current employment, in jeopardy.

One More Tip: Don’t believe everything you read about how long short sales take and how few get finalized. Short sale timelines, while still longer than normal, are shrinking as lenders get their paperwork act together. Find out who the top short sale agents are in your market. These pros are closing 70 to 90 percent of the short sales they represent—more than three times the national average. They know where to find buyers, and how to negotiate the buyer’s offer effectively with lenders and get the deal closed—so the homeowner can move on with life and recover.

Please Contact Us for more information.





Rahul & Smitha Ramchandani
Sales Representative 
 Rahul Mobile: 973-615-6504

 Smitha Mobile: 973-953-7777
 Office
: 908-516-4790  
 Team@Morris-Homes.com
Morris County Homes Morristown Real Estate Morris County Real Estate Agent Single Family Homes, Townhomes, Townhouses and Condos in Morris County, New Jersey Real Estate New Jersey House Homes For Sale morristown new jersey real estate agent, morris county new jersey real estate agent Morris County Homes and Real Estatemost prestigious areas to live in new jersey Realtors Real Estate Morris County Morris County Top Realtor, Morris County's Top Realtor, Morris County Best Realtor, Christie’s International Real Estate Morristown NJ Christie’s International Real Estate Morris County NJ Christie’s International Real Estate
47 Maple St
Summit, NJ 07901


© 2020 SR Real Estate Group, Copyright Notice, Terms of Use and Legal Disclaimer
Each office is independently owner and operated.
Morris County Homes north jersey townhomes and condos condos morristown map of morris county nj towns

Site Last Updated: 7/6/2022