About NJ Short Sales
A short sale is when a lender agrees to accept a sale price that is less than the mortgage amount owed by a homeowner. When an owner attempts to sell their home and the mortgage owed is more than the house is worth, they’re considered to be “underwater.”
New Jersey has one of the highest foreclosure rates in the country, so you are not alone in facing the prospect of a short sale. It is important to have a specialist handling your short sale because it can be a more complex process than a traditional sale.
My business is dedicated to working with homeowners, lenders, and attorneys to complete short sales to everyone’s satisfaction. I have helped homeowners in every county in New Jersey navigate the process and move on.
Are you unemployed or underemployed? Do you need to relocate for work? Are you going through a divorce? These are a few of the hardships lenders consider to see if homeowners qualify for a short sale. Contact me to see if may qualify for a short sale.
Questions About Short Sales
What are the benefits?
One benefit to selling your home as a short sale is the ability to get out from under your mortgage at no cost. The impact on your credit is less long term when compared to undergoing foreclosure. With the help from a short sale specialist you are able to move on from your stressful situation.
Can I receive money?
Yes, in some instances you can receive money when your short sale closes. Homeowners can sometimes receive from $3,000 to $30,0000 for a successful short sale.
Will I have to pay any fees?
No. All real estate commissions are paid by the bank at closing. My services are 100%, completely free throughout the entire process.
Do I need a licensed real estate agent?
Yes. Banks require a signed listing agreement in order to process a short sale.
How long does it take to complete?
Each short sale is different but, in most cases, you can expect the process to take 4 to 6 months. It can, however, be completed in less time.
What is the HAFA program?
HAFA stands for Home Affordable Foreclosure Alternatives. HAFA allows a mortgage company to accept less for your home then the amount you owe. The bank also gives the seller $3,000 at closing and waives the deficiency, so you can move on with your life.
Who negotiates with my lender?
We do! My team and I negotiate the short sale with your lender on your behalf. We help you gather the documentation the lender requires and help take some of the stress away from you.
Do I need to be behind on my mortgage?
No. Some lenders negotiate with qualified homeowners whom are current on their mortgage. Contact us to see if you qualify.
What My Clients Say
“I was completely satisfied with Carl SanFilippo as my Realtor. Throughout the entire short sale process, Carl was professional, conscientious, and motivated. Carl was able to set a list price, find a buyer, and negotiate a short sale on my behalf!”
-Mosaddeq Hossain
Wells Fargo Short Sale
“I had unknowingly bought at the very peak of the market and not only did my condo value drop drastically, but my pay was cut. After a few years the value was so far below where it was when I bought it, it seemed hopeless that I’d ever be able to sell. I couldn’t make ends meet even though I was back to making a decent salary. Hoping that I could find a way out, I called Carl. Even though I didn’t seem to be an ideal candidate for a short sale, Carl steered me in the right direction and in just over 4 months, my condo was sold! Carl effortlessly & calmly held the deal together even when we ran into obstacles. Carl is a good Realtor and knows short sales! I recommend that if you are in a similar situation definitely give him a call!”
– Cheryl B.
Successful Short Sale
“Carl, I just wanted to take some time to thank you for helping us get out, from our mortgage that was underwater due to the economy and the housing market. My husband and I discussed how you and your staff have made what could have been a stressful experience of a Short Sale into a delightful one.The best part was not having to come up with any money. From the time you came to our home you never displayed any negativity or uncertainty of getting the job done. You and your staff moved swiftly in getting our house sold and we are forever grateful. Now we can start over with out any burdens, just peace of mind.”
– Nancy Weaver
– Bank of America Short Sale
“Dear Carl, I wanted to thank you for all your help during the short sale process of my house. This was a hard decision to sell my home using the short sale process, but you and your staff made it easy. After talking to two previous realtors, I was very upset and discouraged, but you changed all of that. You made the process much better to deal with. You explained the process to me, was there when I had a question, and understood how hard this decision was for me to make.
Thank you again and thank you staff for all their help and understanding. I would recommend you to anyone who is faced with this hard decision. Good luck in the future.”
Sincerely,
-Sandra
Chase Short Sale
