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Foreclosure is NOT the only option!

I am an expert in short sales an

I am an expert in short sales and can help you today

Regardless of whether you are behind on a mortgage payment or are about to be and can see no end in site, I can help you.

Foreclosure is NOT the only option!

If you have experienced a hardship and cannot make your payments and you owe more than your home is worth, I can help you see that there CAN be a light at the end of the tunnel.

How I can help you!

Even if you owe more than your home is worth, I can work with you and your mortgage lender to negotiate the sale of your home. This is called a Short Sale and I am a Expert in the Short Sale process.

Short Sale

The reality is banks do NOT want to foreclose on your house because the foreclosure process is incredibly costly to the mortgage company. Mortgage lenders and the federal government have all publicly stated that if a person is qualified for a short sale, the short sale deal needs to be considered. Banks receive more return on their investment through a short sale than a foreclosure. Sometimes they receive twice as much!

The qualifications for a Short Sale

  • Financial Hardship – There is a situation making it difficult to afford your mortgage.
  • Monthly Income Shortfall – You have more bills than you have money. A lender will want to see that you cannot afford, or soon will not be able to afford your mortgage.
  • Insolvency – The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage.

Read the simple explanations about Short Sales

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Avoid New Jersey Foreclosures, Stop Foreclosure, learn how Short Sale Works and if short sale is good option for you

We can help you stop foreclosure in New Jersey. You have many options when trying to avoid foreclosure.  Miranda Tsotsoria of RE/MAX Skylands Real Estate can help you learn about foreclosure and the prevention options available to you.  I specialize in helping homeowners who have fallen behind on their mortgage payments or are facing foreclosure.  My creative approach separates me from others and is the main reason I am the area leader in helping homeowners stop foreclosure.  Call me to learn how you can keep or sell your home to stop home foreclosure using short sale approach. Remember, foreclosure is NOT the only option.

A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property's loan. Short Sale often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss (short sale) is better than pressing the current debtor. Both parties consent to the short sale process, because it allows them to avoid foreclosure, which involves hefty fees for the bank and poorer credit report outcomes for the borrowers.

Lenders may accept short sale offers or requests for short sales even if a Notice of Default has not been issued or recorded with the locality where the property is located. Given the unprecedented and overwhelming number of losses that mortgage lenders have suffered from the 2009 foreclosure crisis, they are now more willing to accept short sales than ever before. This presents an opportunity for "under-water" borrowers who owe more on their mortgage than their property is worth and are having trouble selling to avoid foreclosure as a result.

If you are interested to buy foreclosed or short sale properties MirandaTsotsoria.com helps you find NJ Short Sales  and make well informed real estate decisions in the process. Refine your search for New Jersey Short Sale homes for sale by price, number of bedrooms, bathrooms, property type, and more. Once you've identified a Short Sale listing, make sure the offer price represents an accurate home valuation compared to other New Jersey short sale real estate. These short sale homes for sale include pre- short Sales and notice of default (NOD) listings, HUD and VA government foreclosures, bank owned foreclosures (REO or Real Estate Owned), public foreclosure auctions, and other foreclosures in NJ.