Are you behind on your payments?

Here are some of your options:

• Save your home – Loan modification or forbearance agreement.  This will vary according to the type of mortgage you have.  Banks are willing to help you by reducing your payments and/or adding the outstanding payments to the end of your mortgage.  Want to stay in your home?  We have resources who can tell you if you qualify for loan modification. Contact Us.
• Sell your home if you have equity – Want to try and save some of your equity?  We can help save your equity by quickly and properly marketing your home so you can avoid a distress sale.  A distress sale occurs when you have no time to sell your house and have to list it at a low price to get a buyer quickly.  While you still have time, contact us.
• Sell your home if you have no equity – Think you can’t sell your house because you owe too much and can’t pay a commission?  We can negotiate a short sale with your lender.  Banks will pay your commission if you allow us to do the negotiating for you. That is how important it is to THEM to deal with a licensed individual who can legitimately market your property and get a price based on market values.  Find out more.
• Foreclosure - This is a financial DISASTER to be avoided at all costs.  Think you can just walk away from your house?  You can’t, and there are some severe consequences.  If you want to know what they are, contact us.

Foreclosure Timeline
The time line for a foreclosure dictates the options you have.  The longer you wait to deal with the problem the less options you have.

30-90 Days late
Many more options - including saving your home - than folks know about, and many are not very painful.

90 Days +
The absolute best options and opportunities to save your home lessen and are much more restrictive. This also diminishes some of the sales opportunities.

Attorneys letters - Lis pendens
Several easy solutions are no longer available.

Sheriff notice
We can still salvage your credit and possibly your equity, but every day you allow to go by reduces your options.

Sheriff sale and foreclosure!!
A foreclosure will be on your credit report for at least 7 YEARS.  But, worse than that, PUBLIC RECORDS will show this legal action for the statutory period of a judgment in New Jersey!  The bank will file a deficiency judgment that must be satisfied before you can buy another house.  This does NOT happen with the other options we can employ for you.  With foreclosure, your credit is devastated. The reduction in your credit score is more then 2 or 3 times what it is for some other options.  That means higher interest rates AND higher purchase prices for almost anything you want to buy.

Short Sale Instead of Sheriff Sale
We can assist you with bringing your credit back to a level for you to again own your own home much sooner than you think.  The government is responding to the housing crisis by offering legitimate mortgage options so people don’t have to resort to subprime mortgages and predatory lenders anymore.

Why use our staff?

We do this every day. We are ACTIVELY dealing with dozens of short sales right now and keeping abreast of the almost daily changes in bank policy regarding short sales.  We have a real estate attorney on our staff who counsels homeowners who work with us and negotiates our short sales, all at NO COST to the homeowner!  Banks and other lender representatives make it clear that they ONLY want to negotiate with INFORMED REALTORS. We’ve successfully negotiated short sales where investors came in before us, but the bank refused to deal with them.  In fact, it is so IMPORTANT to banks that they deal with licensed, legitimate individuals that they are WILLING TO PAY THE SALES COMMISSION!!

If you would like more information call 856-428-2800 or click here.