Don’t be forced into foreclosure! Did you know that you can avoid Foreclosure by calling Terra Realtors Short Sale Prevention Department?
Our short sale specialists can probably help you avoid home foreclosure and save your credit at the same time.
There are still options and we can help you quickly sell your home. We specialize in selling homes that are in any condition and we can do it within just about any market. So don’t foreclose on your home when you have options.
Contact our short sale professional today to learn more about your choices. We will explain all the different options you need to know about in order to make a wise decision and help stop your foreclosure.
We are licensed and serve all of of NJ. Contact us today for a free “No Obligation” and let us help turn your upside down situation right side up.
What Is A Short Sale?
A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property, and the property owner cannot afford to repay the liens' full amounts and where the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt. A Short sale agreements do not necessarily release borrowers from their obligations to repay any shortfalls on the loans, unless specifically agreed to between the parties.
A short sale is often used as an alternative to foreclosure because it mitigates additional fees and costs to both the creditor and borrower. Both often result in a negative credit report against the property owner.
Not every situation is treated the same and that’s why it’s important to speak to a short sale professional that can help you understand your options and guide you in a way that is best suited to your personal position.