America's Fresh Start

Ed Tonero

Fallen Property Values Have Affected Good People... A Solution!

Do You Owe More on Your home than it is Worth? A SHORT SALE SOLUTION!

Property value have fallen & as many as 7 million property owners are in negative equity or can no longer afford there bank payments. One should know that there are SOLUTIONS. Whether you seek to modify your loan in order to keep your property or wish to speak with a short sale advisor about avoiding foreclosure by selling your home for less than is owed, call your experienced realtor to help you navigate the solutions available.

What is a SHORT SALE? A short sale occurs when the lender agrees to take less than the full amount required to pay off existing loans in full because the outstanding loan balance is greater than the proceeds realized from the sale of the property. This sounds simple enough and is the definition most agents will give you. In the details can be other liens, divorce, judgments etc. that highlight the need for an experienced realtor with an EXPERT TEAM to solve those problems.

Is Your Mortgage Currently In Default or Are You Concerned That It Soon Will Be? It used to be that lenders would not even consider a loan modification or short sale if your payments were current, but not anymore. Realizing that other factors contribute to a potential default, many lenders are eager to head off future problems at the pass. Many lenders no longer require that you be late on your payments however you must be able to convince them with your hardship letter & financial records that you're concerned about your ability to continue making payments.

Why Would My Lender Accept Less Than Is Owed? Knowing why and how much your lender does not want to foreclose on your home is CRUCIAL to the negotiating process. It's oftentimes much more expensive for the lender to modify your loan than it is to simply foreclose and sell it, OR accept a short offer and pay all the associated sales costs. Of course your lender would prefer that one stay in their home and continue making payments but selling it & getting the "bad asset" off their books is frequently their next favorite choice. Many lenders will negotiate short sale terms quite favorable to you, oftentimes allowing you to walk away for free and with zero delinquency judgments.

A successful NO cost short sale, with zero deficiency judgments looming in your future can be possible if you work with an EXPERT TEAM to get it done.

"In a chronically leaking boat, energy devoted to changing vessels is more productive than energy devoted to patching leaks" Warren Buffett

Berkshire Hathaway HomeServices New Jersey Properties has a massive presence in New Jersey. Dino Braz and his team have over 15 years of successful short sale resolutions. As a Team you have the Best Resources to get this behind you; Put You in Position for Fast Credit Repair; and Put Real Hope in Your Future!