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Do you need to short sell your home?
Not sure what a short sale is? A short sale is
when the amount of the outstanding loans are greater than the value of the home.
This could be caused by many factors, but commonly is a result of a rapidly declining real estate market.
Short sales may be a way for homeowners to avoid foreclosure and pay off their loan with the lender by settling.
How do I proceed with a short sale?
First, determine the true market value of your house.
Since hiring a licensed appraiser may not work with your already tight budget, a knowledgeable local REALTOR® that knows the current conditions of the North Central Jersey real estate market is a smart way to get a reliable estimate of your home's worth.
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Should you have questions about real estate or the process of going through a short sale in North Central Jersey, New Jersey just contact me here or e-mail me.
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Next, find out your closing costs. The knowledgeable REALTORS® at Dino Braz & BestNJProperties.com will consider fees like title report, appraisal, escrow, property taxes, and agent commissions to estimate your final costs at the closing table.
Finally, get in touch with your lender and tell them of your situation. They may even have a special team that manages short sales. Ask about their particular procedures. Some lenders will be more inclined to work with you than others. They may be able to decrease the amount owed or make other arrangements. Your lender will have to agree to the final sale.
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A. Dino Braz and BestNJProperties.com Serving You With Commercial, Investment and Residential Real Estate Information 24/7! We Also Offer Title Insurance, Mortgage Services, Credit Score Improvement, Loan Modification, Foreclosure Prevention, Short Sale and Mortgage Cancellation Services.
Simply email me at Dino@BestNJProperties.com or contact me by Cell 908-285-0263!
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