During a short sale, a lender accepts a lower pay-off of a loan than what is currently owed and homeowners sell their house without having to undergo bank foreclosure.
Successfully maneuvering through a short sale takes a highly skilled Realtor(R) experienced in dealing with both sellers and lenders. Fill in the form to the right and Carl SanFilippo and his team will contact you to see if a short sale is the right solution for you.
A short sale is when a lender agrees to accept a sale price that is less than the mortgage amount owed by a homeowner. When an owner attempts to sell their home and the mortgage owed is more than the house is worth, they’re considered to be “underwater.” New Jersey has one of the highest foreclosure rates in the country, so you are not alone in facing the prospect of a short sale. It is important to have a specialist handling your short sale because it can be a more complex process than a traditional sale. My business is dedicated to working with homeowners, lenders, and attorneys to complete short sales to everyone’s satisfaction. I have helped homeowners in every county in New Jersey navigate the process and move on. Are you unemployed or underemployed? Do you need to relocate for work? Are you going through a divorce? These are a few of the hardships lenders consider to see if homeowners qualify for a short sale. Contact me to see if may qualify for a short sale.
One benefit to selling your home as a short sale is the ability to get out from under your mortgage at no cost. The impact on your credit is less long term when compared to undergoing foreclosure. With the help from a short sale specialist you are able to move on from your stressful situation.
Yes, in some instances you can receive money when your short sale closes. Homeowners can sometimes receive from $3,000 to $30,0000 for a successful short sale.
No. All real estate commissions are paid by the bank at closing. My services are 100%, completely free throughout the entire process.
Yes. Banks require a signed listing agreement in order to process a short sale.
Each short sale is different but, in most cases, you can expect the process to take 4 to 6 months. It can, however, be completed in less time.
HAFA stands for Home Affordable Foreclosure Alternatives. HAFA allows a mortgage company to accept less for your home then the amount you owe. The bank also gives the seller $3,000 at closing and waives the deficiency, so you can move on with your life.
We do! My team and I negotiate the short sale with your lender on your behalf. We help you gather the documentation the lender requires and help take some of the stress away from you.
No. Some lenders negotiate with qualified homeowners whom are current on their mortgage. Contact us to see if you qualify.
I’m Carl SanFilippo, Broker/Owner of RE/MAX First Realty and a Certified Distressed Property Expert. For the last 10 years, I’ve helped numerous people get out from ‘upside down’ mortgages and move on with their lives. If you need help listing your home, finding a buyer, and working with the bank, don’t hesitate to contact me. Call me direct at 732-810 0371
©2017 New Jersey Short Sales Specialist RE/MAX First Realty 732-257-3500
557 Cranbury Rd Ste 23 East Brunswick NJ 08816