“Inherited a house? First, we’re so sorry for your loss. This can be a very challenging time for many reasons, and dealing with property ownership is tough at the best of times.” You’re thinking, “I inherited a house, what to do with this house?” Should I rent it? Should I sell it? How should I … Continued
Are you having a difficult time stopping the foreclosure process? Stopping the foreclosure process of your New Jersey home can be difficult, but not impossible. Dealing with the banks, negotiating terms, and stressing over your mortgage can feel completely unbearable, but luckily you have lots of options available to you. Foreclosure is more common than … Continued
Are you trying to sell your house during bankruptcy, to avoid losing it in foreclosure? If you own a home when you file for bankruptcy, it becomes part of the bankruptcy estate, the property or assets you own. In October of 2022, there was a twenty-seven percent increase in Chapter 13 bankruptcy filings over the … Continued
Foreclosure and pre-foreclosure are two terms that are commonly used in the real estate industry. While these terms may sound similar, they have very different meanings and implications for both homeowners and potential buyers. What is Foreclosure? Foreclosure is a legal process that occurs when a homeowner is unable to make their mortgage payments. When … Continued
What homeowners in New Jersey can expect during the FORECLOSURE process. If you’re concerned about your property going into foreclosure due to circumstances beyond your control, the optimum scenario would be to work with your lender for a resolution before things go any further. However, going through the foreclosure process can be made easier when … Continued
5 ways the foreclosure of your New Jersey house will impact you in the future. The wheels that drive foreclosures turn very slowly, and there is ample opportunity to steer the ship in a new direction and salvage your future. Sadly, foreclosure is entirely avoidable, yet lives are often damaged for years because homeowners weren’t … Continued
AVOIDING FORECLOSURE! Get expert guidance on avoiding foreclosure in NJ. Facing foreclosure can be an extremely stressful experience for any New Jersey homeowner. Not only does it mean the loss of a home, but it can also have a significant impact on one’s credit score and financial future. Fortunately, there are options available for homeowners … Continued
Whether you OVERPAID for the property in a bidding war, you’ve fallen behind on mortgage payments, or property values have dipped, being upside down on your mortgage or owing more than the current market value is a less-than-ideal situation for homeowners. If circumstances force you to sell your house due to foreclosure instead of waiting … Continued
Traditional Sales vs. Short Sales and Foreclosures in New Jersey What you may find interesting… Home sales usually fall into one of three main categories: traditional sales, short sales, and foreclosures. For buyers, each has pros and cons, though generally speaking the cheaper properties are short sales and foreclosures. But if you’re a buyer, you … Continued
“Don’t worry. Yes, you can sell your house in New Jersey if you owe more than it’s worth!” Owing more than your house is worth is not a favorable position if you need to sell, even more so if you are pressured to sell quickly for personal or financial reasons. Often already under a great … Continued
If you’ve gotten a foreclosure notice of default and want to know what the heck is going on, keep reading. “Basically, a foreclosure notice of default is a document that has to be filed by a lender to start the process of foreclosure.” The ‘Foreclosure Notice Of Default’ must be sent to anyone who has … Continued
“Help! I’m behind in my mortgage payments.” When you fall behind on your mortgage payments on your Cherry Hill home, it can feel like you’re drowning in debt. Even if you’re able to make your monthly payment, catching up on a past-due balance can be an overwhelming challenge. There are a few options that can help … Continued