[PopUpFad=GROUP=sign up:RANDOM=YES:SESSION=NO]
NEW Video
ALERT: Interest Rates May Go Up Real Soon! Cherry Hill, NJ
A recent Post on Baron’s provides us with lots of information...
Cherry Hill Buyers should pay attention to the markets. Lately we have seen the stock markets rise to record levels. The Fed has held interest rates to make sure the economy remains strong. The Fed has indicated they have full right to increase rates at any time when they feel the economy can sustain strong levels.
But if you read the below article just released you will read between the lines… Banks know how to profit in good times and bad. Good times are coming… So banks are getting out of normal risky assets such as metals, Gold and other interest rates sensitive bonds and investments.
Barons April 10, 2013: Citi Private Bank (C) joins Goldman Sachs (GS) in raining on gold this week. The firm’s head of asset allocation says in a note that it has decided to get rid of its exposure altogether.In the note dated April 5 but emailed to reporters on Wednesday, the firm’s global investment committee urges investors to add to U.S., European and Japanese stock positions while cutting munis (municipals) and investment grade bonds, as well as the yellow metal.
From the firm’s note to clients: The outlook looks increasingly uncertain for interest-rate sensitive asset classes. As economic recovery gains traction, we expect to see interest rate and inflation expectations gradually rise. With this in mind, we have reduced our positions in municipal bonds and corporate investment grade fixed income to reduce our duration exposure. We remain heavily underweight in government bonds.
So what now? Buy Buy Buy!!! If you want that dream home you need to consider buying now! Rates are so low… And when they go up they will not come back down!
Call me today if you are really interested in buying a home. I have banks with the lowest of rates available. MY representatives are ready to qualify you for a home and I am ready to hunt down that special place for you and your family.
Contact me today: Larry Sarlo 609-868-1171 Email me Here: LSARLO@comcast.net
Search Foreclosures and Short Sale deals including Beach Homes: www.BuyNJShortSales.com
Search Homes for Sale : www.LarrySarlo.com
If you are looking to buy a home or sell a home I can help. Full marketing and negotiation skills that will get you everything want.
Buying a home or Selling a home in Cherry Hill NJ, Voorhees NJ, Marlton NJ, Collingswood NJ, Haddon Twp NJ, Washington Twp NJ, Turnersville, Williamstown NJ, Sicklerville NJ, Blackwood NJ, Cape May Nj, Beach Homes, Bay Front homes, Luxury Homes I am just around the corner to help.
Strategic Default? Take These Steps First To Avoid Problems
Sicklerville – Turnersville – Sewell, NJ – Yesterday, we told you about a new program that Fair Isaac, the founder of the FICO score, came out with to track strategic defaults.
Click here to discover how other sellers suc
cessfully did a short sale and avoided foreclosure.
If you are thinking about a strategic default, then you must be aware of this. FICO claims to be able to notify a lender when someone has strategically defaulted, or looks ready to strategically default.
This helps lenders implement additional collection procedures to get you to repay their loss.
An Expert at the credit bureau indicates…
“I think the biggest thing they look for is someone who is paying everything on time. This person has never been late on anything. All of a sudden they just stop paying their mortgage.
There were no other signs of financial problems. That looks pretty fishy to a lender. They probably get angry when they see the person is still paying their credit cards. The banks think that they are more important than a credit card”, this expert told us.
“You have to think like a banker to understand what is going on”, he continued. “Most people that default have followed a similar pattern. First, they get high debt to income ratios. Then, they default on their credit cards.
After that, they might miss a payment on their car or home loan. But, then they catch back up on the car or home loan. Finally, they default on their home loan and maybe even a car loan.
As you can see, they have followed a pattern that is similar to the average person who defaults. Now, let’s contrast that with your typical strategic defaulter.
This person’s debt to income ratio is usually lower. They don’t default on any credit cards or car loans. All of a sudden they stop paying their mortgage. Can you see how much different these two people look?
Now do you understand how obvious most strategic defaulters look? If you are planning a strategic default, then make it look as much as possible like you are just another “Average Joe” that is suffering from a loss in income. Thinking about a short sale?
I can help you short sale your property and never pay the bank another penny. Send me an e-mail at lsarlo@comcast.net. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 609-868-1171
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thinking about a loan modification? Our Sicklerville loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.
Thanks for reading this, Larry Sarlo.
Larry is a Real Estate Agent at RE/MAX Preferred. Turnersville Short Sale Realtor:
Phone: 609-868-1171. lsarlo@comcast.net.
Know Your Options, I Can Help!
View homes for sale at www.BuyNJShortSales.com.
Larry Sarlo specializes in loan modification assistance and short sales in Sicklerville, Turnersville, Sewell, Chrry Hill, Collingswood, Haddon Twp, Haddon Heights, New Jersey, Sicklerville Short Sales. Sicklerville NJ Short Sales. Sicklerville Realtor.
Important Notice
Larry Sarlo and REMAX Preferred, are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?
Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.
However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.
We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.
This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.
You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.
The views expressed here are Larry’s personal views and do not reflect the views of REMAX Preferred.
This information on Thinking About A Strategic Default in Sicklerville? Take These Steps First To Avoid Problems is provided as a courtesy to our viewers to help them make informed decisions.
Is Now The Right Time To Sell: Sicklerville / Washington Twp / Haddon Twp
Seller Shortage Plagues Many Markets
In a recent article from Daily Real Estate News Wednesday, February 27, 2013 I read something so true. It’s happening right now. For how long, is another story to be told. But if you want to sell your home, now is the time.
Call me for Experience and knowledge. You’ll be glad you did.
The low inventory of for-sale homes in Sicklerville is creating a seller’s market. In fact inventories are down in all my local markets Washington Twp, Haddon Twp, Marlton, Voorhees and more.
“The supply of existing homes for sale reached nearly an eight-year low in January, according to the National Association of REALTORS®. ”
If you tried to sell before and failed, Why not try again. This could be the time you get your home sold.
Many short sales could not get their homes sold, I’m happy to say my short sale clients are selling like there is no tomorrow and I’m getting them approved. So maybe you felt you were not represented correctly, or maybe you want experience you can count on. This is not a time to take chances with your life.
BUY or SELL a home, You NEED EXPERIENCE
Call me / Text me 7 days / eves 609-868-1171
Click to email me
Larry Sarlo a REMAX Preferred Certified Distressed Property Expert. Getting Homes sold Fast is what I do.
Sicklerville, Washington Twp. Collingswood, Haddon Twp, Cherry Hill, Marlton, Voorhees, and now Cape May County Bay and Beach Homes.
Short Sale or Face Foreclosure Hell: Sicklerville / Washington Twp
Short sale may be your only hope to sell your home and get out from foreclosure hell. 
I’ve seen some pretty nasty situations after a foreclosure. Collection calls, lien holders pestering you, hunting you down, collection lawyers mailings and the mental stress you felt while in foreclosure is now back on you again in full force. Making your life pure havoc!
A recent caller Kim H. from Cherry Hill Asked me what to do because she was already foreclosed upon and getting letters and phone calls from creditors. She was even getting delinquent tax bills and she had not owned the property for several months. While there is nothing I could do for her now, I did suggest either contact an attorney, and I did refer one to her, or fight it out herself. I was able to look up some info for her and provide some contact info to help her and her family.
Once foreclosure happens it is too late. Then you need to just try to cover. And Try is with a Capital ” T “.
I’ve had 100% success with my short sales , knock on wood…! And what I pride my self most is everyone of my clients have no deficiency, no more judgments on their credit reports, no more delinquency payments and they are the road to recovery. In fact many are buying again now.
Need some help Call me. No cost Discrete… If I can’t help I may know how to get you the right help.
Larry Sarlo a REMAX Preferred Certified Distress Property Expert Sales Agent
Click to email me Call Me / Text ME 609-868-1171 7 days / Eves a week
I personally service Sicklerville, Cherry Hill, Washington Twp, Turnersville, Mullica Hill, Collingswood, Haddon Twp, Glocuester Twp, Blackwood, Deptford, Marlton, Voorhees and now Cape May County Beach and Bay Homes.
Buy or Sell you need experience.
Remax Preferred 415 Egg Harbor Rd Sewell, NJ 08080 856-589-484
Mortgage Foregiveness Act is Extended Thru 2013… NJ Home Owners Get a Break.
MORTGAE FOREGIVENESS ACT IS EXTENDED THRU 2013…
The Mortgage Forgiveness Debt Relief Act is now set to expire on January 1, 2014 and only applies to a primary residence.
Homeowners in Washington Twp, Turnersville, Sicklerville, Collingswood, Haddon Twp, Berlin, Mullica Hill Gloucester Twp, Haddon Heights and Sewell can short sale their homes and not have to pay any deficiency or tax. But you need to act fast.
Homeowners get a break to avoid foreclosure.
The last-hour vote in Congress to avoid the “fiscal cliff” included a provision that extends the Mortgage Forgiveness Debt Relief Act through 2013, which is important to sustaining the nascent housing recovery in Las Vegas, local real estate professionals said Thursday.
The debt relief act, which was scheduled to expire at the end of 2012, waives forgiveness of mortgage debt from being counted as taxable income by the Internal Revenue Service.
That applies mainly to short sales of homes, or lender-approved sales for less than the principal mortgage balance. A homeowner who owes $150,000 on the mortgage and short sells for $100,000 would have been taxed on the $50,000 difference as income, placing them in a higher tax bracket.
Struggling homeowners who are considering a short sale or loan modification will be eligible for tax relief through Dec. 31 under the act passed in 2007 and originally scheduled to expire in 2009.
Other real estate-related provisions in the bill:
??Deduction for mortgage insurance premiums for filers making less than $110,000 is extended through 2013 and made retroactive to cover 2012. The tax break covers private mortgage insurance as well as mortgage insurance provided by the Federal Housing Administration, the Veterans Affairs and the Rural Housing Service.
??Fifteen-year straight-line cost recovery for qualified leasehold improvements on commercial properties is extended through 2013 and made retroactive to cover 2012.
??The 10 percent tax credit (up to $500) for homeowners for energy improvements to existing homes is extended through 2013 and made retroactive to cover 2012.
Will I Still Have To Pay Property Taxes If I Do A Sicklerville Short Sale?
Sicklerville NJ – am asked this question many times by homeowners who are behind on their mortgage.
“I am thinking about a short sale, but I am behind on my property taxes. Will I still have to pay them if I short sale my home? Max.”
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Here is the answer to this Question: In most cases your lender will pay those property taxes. Property taxes are a first priority lien on a property.
That means that if a property is foreclosed upon, then they still have to be paid. They don’t go away for any reason.
This is also why most lenders want to charge you monthly and then pay the property taxes themselves. They know that the taxes are a big bill that only comes once a year.
Not everyone can afford that big bill. Because your lender knows they will still have to pay the taxes after a foreclosure, they are willing to pay them during a short sale.
A foreclosure is a liquidation of the property to simply get what they can and move on. A short sale has been proven to net them more money than a foreclosure.
So if they are liquidating the property, why net more money from the sale with a short sale and avoid a foreclosure? That’s why they will pay the taxes when you short sale.
Every short sale the Stop Foreclosure Institute has sold resulted in the lender paying the property taxes that were owed. In some cases they paid 2-3 years of property taxes. Thinking about a short sale?
I can help you short sale your property and get back on your feet. Send me an e-mail at lsarlo@comcast.net. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 609-868-1171
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thinking about a loan modification? Our Sicklerville loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.
Thanks for reading this, Larry Sarlo.
Larry is a Real Estate Agent at RE/MAX Preferred. Sicklerville Short Sales Realtor:
Phone: 609-868-1171. lsarlo@comcast.net.
Know Your Options, I Can Help!
View My homes for sale at www.LarrySarlo.com. www.BuyNjShortSales.com
Larry Sarlo specializes in loan modification assistance and short sales in Sicklerville New Jersey. Sicklerville Loan Modification Help, Sicklerville Short Sales. Sicklerville NJ Short Sales. Sicklerville Realtor.
Important Notice
Larry Sarlo, RE/MAX Preferred, are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?
Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.
However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.
We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.
This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.
You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.
The views expressed here are Larry’s personal views and do not reflect the views of RE/MAX Preferred.
This information on Will I Still Have To Pay Property Taxes If I Do A Sicklerville Short Sale? is provided as a courtesy to our viewers to help them make informed decisions.
Related articles
Where Are All The Foreclosures For Sale in Sicklerville?
You may heard the term Shadow Inventory… It is those homes that sit there vacant or even occupied that have not yet foreclosed on or just sitting there waiting to be sold.
I’m sure you see them. Ever wonder why that house is not being sold?
So why aren’t the banks selling them? In some areas they are. If you notice inventories dropping in your area, its because the banks are selling in certain areas more then others. But where is the flooding that was expected?
Instead there is a parting of the sea! We all know there are a ton of foreclosures out there right! Some of us selling a home are waiting for them all to hit the market so they can sell and houses will finally start to rise. The drips and drabs that are sold are annoying to say the least when you are trying to compete to sell a home around these homes.
We worry about housing prices because those homes when they hit the market will affect every home in the area.
If you are a seller, you worried about prices dropping so you wait to sell your home. In this time you will have to just pick the right time. Knowing the shadow inventory in your area may help, but the right time is when inventories are down in your area. Call your local real estate pro for a market absorption report.
If you are buyer you are waiting for that house you have your eye on and the price to drop. Well the best time to buy is now. Rates are low. You can buy more house with little money. How much lower can real estate go anyway? If there is only one banana in the basket and 5 people want that banana, don’t you think those people will bid the price up for it. So now is the time to buy that banana while prices are low and few people are out shopping…
If you are interested in reports for Sicklerville, Glousecter Twp, Turnersville, Collingswood areas I can get that report to you at no charge.
I can show you how many homes
are currently on the market,
are Pending under contract
are sold in last 6 months and 3 months
This information will help you decide when the best time is to sell and buy.
Call me with your questions.
I am a RE/MAX Preferred real estate professional. My office is in Sewell Washington Twp NJ 08080, but I work Cherry Hill, Haddonfield, Deptford, Mullica Hill, and Sicklerville NJ areas.
Search foreclosures and short sale here: www.BuyNJShortSales.com
Search the MLS on your phone by Text: In the subject line on your mobile phone- LSAR1 -to number 87778 … hit send… A GPS feature for listings at your finger tips
Larry Sarlo When you want it Sold Fast!
RE/MAX Preferred
609-868-1171 call / text / email 7 days
lsarlo@comcast.net
www.larrysarlo.com
415 Egg Harbor Rd st 9 Turnersville, NJ 08080
What Happens to a 2nd Mortgage with a Deed in Lieu: Haddon Township, NJ
I came across a question about What Happens to a 2nd Mortgage with a Deed in Lieu from a Haddon Township, NJ client This is what I discovered.
A deed in lieu of foreclosure is where you deed the property to the lender if you can’t afford to pay the mortgage(s) any more and no alternative option has worked out between you and the lender.
But, if you have 2 mortgages on the same property, you may be concerned about “How a deed in lieu affects junior liens?”. Most lenders do not agree to accept a deed in lieu of foreclosure when there are 2 loans on the same property, because the junior liens aren’t released from the property. That is, if the first mortgage lender accepts a Deed In Lieu, the first takes over the property with the junior lien or second mortgage still attached and won’t have clear title.
What happens to the second mortgage after a Deed In Lieu on the first?
When the first lender takes over the property due to a deed in lieu, it becomes their responsibility to sell the property and pay off the junior lien because no buyer will purchase the property with a
lien on it.
But what usually happens when the first lender accepts a deed in lieu, they include a non-merger clause into the Deed In Lieu agreement. This clause prevents the second mortgage lender from taking any legal action against the first lender if they don’t pay off the outstanding balance on the second mortgage. But this doesn’t mean that the first lender doesn’t need to pay down second loan balance. It’s the first lender’s responsibility to pay off the junior lien if he agrees to a Deed In Lieu unless they get an agreement with the second lender.
Moreover, if the first lender knows that they won’t be able to recover the entire loan balance on the first mortgage then they will not accept the deed in lieu and foreclose. This occurs even if both mortgages are held by the same lender. This is how a deed in lieu affects the second mortgage or junior liens on a property. Though lenders are reluctant to accept a deed in lieu if there is a junior lien on the property, a deed in lieu has certain advantages because it’s quicker and less expensive.
Just make sure both parties are in agreement to release the liens or you could be faced with a lawsuit with deficiencies.
Sicklerville Short Sale Myth: I Can Erase Any Deficiency On My Upside Down Home By Simply Declaring Bankruptcy
Sicklerville NJ – A lot of people incorrectly think that bankruptcy is a “Get Out Of Jail Free” card. Yes, bankruptcy does not help a lot of people get back on their feet.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
However, it is not a “Get Out Of Jail Free” card, despite what many people think. Let me explain why not.
Not everyone qualifies for bankruptcy. The bankruptcy laws were dramatically changed in 2005. Now you have to qualify for bankruptcy.
If you don’t qualify, then the bankruptcy judge will throw your case out. Your creditors will still be able to pursue you. They may be able to levy your bank account, garnish your wages, or take your tax return.
What can you do to avoid this? First, hire a highly qualified short sale realtor. Look for someone with lots of experience who will negotiate hard with the bank.
You want them to convince the bank to release you from the upside down mortgage debt. If they are unable to convince the bank to release you from the debt, then you need to consult with a good bankruptcy attorney.
Just like not all short sale realtors are created equal; not all bankruptcy attorneys are the same either. Find one that is highly experienced. They will explain the intricacies of bankruptcy law to you. Our latest closed recommendation letter Recommendation Sean and Kristin March 2012
They will know whether or not you can qualify for bankruptcy. They may even know how to get you to qualify when other attorneys would say you aren’t eligible for bankruptcy. Thinking about a short sale?
I can help you short sale your property and get back on your feet. Send me an e-mail at lsarlo@comcast.net. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 609-868-1171
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thinking about a loan modification? Our Sicklerville loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.
Thanks for reading this, Larry Sarlo.
Larry is a Real Estate Agent at RE/MAX Preferred. Sicklerville Short Sales Realtor:
Phone: 609-868-1171. lsarlo@comcast.net.
Know Your Options, I Can Help!
View homes for sale at www.BuyNJShortSales.com www.LarrySarlo.com.
Larry Sarlo specializes in loan modification assistance and short sales in Sicklerville New Jersey. Sicklerville Loan Modification Help, Sicklerville Short Sales. Sicklerville NJ Short Sales. Sicklerville Realtor.
Important Notice
Larry Sarlo and RE/MAX Preferred are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?
Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.
However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.
We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.
This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.
You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.
The views expressed here are Larry’s personal views and do not reflect the views of RE/MAX Preferred.
This information on Sicklerville Short Sale Myth: I Can Erase Any Deficiency On My Upside Down Home By Simply Declaring Bankruptcy is provided as a courtesy to our viewers to help them make informed decisions.
How long does a short sale take?
How does it take for a short sale to close? It is a question every buyer and seller will ask. The myth every short sale takes 6-10 months is just that. I have never had a short sale take longer than 6 months. In fact my average is 3 months to close.
While it is often never so calculated but the time frame can follow a similar format as below. Some banks are easier, some sellers don’t get their information together quite a quickly as others, communications break down during negotiations, Low ball offers will definitely take longer, more than one bank involved and other variables can change the below time frames.
•Offer signed by Seller and Buyer
•Approx 7 days – Package submitted to lender(s)
•Approx 14 days – Package confirmed received by lender(s)
•Approx 7 days – File assigned to Processor
•Approx 7 days – File reviewed by Processor to ensure completeness
•Approx 7 days – BPO/Appraisal ordered
•Approx 7 days – BPO/Appraisal completed and imaged into bank’s system
(appraisals take longer)
•Approx 14 days – File assigned to a Negotiator
•Approx 14 days – File reviewed by Negotiator
•Approx 14 days – File submitted to Investor/Management for Approval
•Total Approx Time = 91 Days – FILE APPROVED!!!
If you are looking to do a short sale contact me
I can help you short sale your property and get back on your feet. Send me an e-mail at lsarlo@comcast.net. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 609-868-1171
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thinking about a loan modification? Our Sicklerville loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.
Thanks for reading this, Larry Sarlo.
Larry is a Real Estate Agent at RE/MAX Preferred. Sicklerville Short Sales Realtor:
Phone: 609-868-1171. lsarlo@comcast.net.
Know Your Options, I Can Help!
Search Short Sales for sale in New Jersey www.BuyNJShortSales.com.
Larry Sarlo specializes in loan modification assistance and short sales in Sicklerville New Jersey. Sicklerville Loan Modification Help, Sicklerville Short Sales. Sicklerville NJ Short Sales. Sicklerville Realtor.
Important Notice
Larry Sarlo and RE/MAX Preferred are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?
Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.
However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.
We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.
This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.
You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.
The views expressed here are Larry’s personal views and do not reflect the views of RE/MAX Preferred.
This information on How Long does a short sale take? is provided as a courtesy to our viewers to help them make informed decisions.
