We feel handling every aspect of a real estate transaction, through closing, is the best way to ensure a smooth and efficient sale.
Unlike other negotiating companies, we have the ability to go to court for relief on an emergency basis (Order To Show Cause) which will give you the additional time you need to make preparations, and in some cases, the time to reorganize and forestall foreclosure all together.
In addition, we will negotiate State and Federal Tax Liens that affect the property, HOA past due maintenance fees, property tax liens and more and we will also verify that the bank waives all deficiencies. These steps will safeguard you, ensuring that your short sale will be the resolution of your debt, not just the first step.
Negotiating companies and realtors will not get paid a fee from short sale lenders (your lender), but attorneys do get a fee from your lender. This means, that unlike realtors and negotiating companies, we DO NOT REQUEST MONEY FROM ANYONE. Since negotiating companies need to get paid they will often request 1% of comissions paid to the Realtor or ask the seller (or buyer) to pay them a minimum fee, usually not less than $1,500.00.
Is is paramount that a Realtor be sensitive to a homeowner's anxieties and stress. They are going through one of the greatest financial crisis of their life. We have handled hundreds of emotionally difficult short sales and as a result have gained an intimate understanding of how we can make this process easier for all parties involved.
Many purchases are delayed or even lost due to miscommunication and problems with closings or title insurance hang-ups. Oftentimes buyers and seller's become overwhelmed by the prospect of signing lengthy contracts filled with incomprehensible wording. Closings also commonly run into scheduling issues because multiple parties are involved in the process, increasing the likelihood of no shows and crossed communications.
We streamline the closing process for our clients by offering all the real estate services required to take a purchase or sale, from start to finish. Our team consists of a real estate specialist (Realtor specializing in short sales), a title insurance producer, an attorney, and an attentive office staff to address every one of your needs. We believe personal attention and accountability are the reason our clients continue to use our services.
For a homeowner facing foreclosure or in default, a short sale is the most beneficial way of selling a home. A short sale is when the amount gained from the sale of a property is less than the amount owed to the lender. In other words the bank agrees to accept a loss on their lien (property owned by the lender - in most cases, the bank) until debts are paid.
As a buyer, purchasing a short sale can translate into big savings for you - as long as you are prepared. THE KEY WORD IS PATIENCE!
Our attorneys at NJ SHORT SALE CENTRAL are experienced in short sale purchases and will guide you through the entire process. We will do everything possible to ensure that you are able to purchase your short sale property, including assisting the seller's attorney or Realtor when asked to.
This includes a few steps that we will encourage you to take so you, can be the new owner of a short sale home;
Firstly, be prepared to offer a deposit on the property before short sale approval.
This is so the seller knows you are serious; it is fully refundable if the short sale is rejected. Secondly, Inspections should be performed prior to the short sale being approved. The seller is losing his or her house and will have no funds (or desire) to make repairs or give you credit. Sales price can not be adjusted after short sale approval.
Lastly, You should get pre approval, with credit review, from your lender; short sales attract many competeing buyers but with us by your side and diligent preparation, your chances of acquiring a short sale home considerable.
Here at New Jersey Short Sale Central we are a full service foreclosure company. We offer all real estate services in house ensuring our dedication to an efficient and reliable process.