When a home is sold for less than what the homeowner owes the lender(s), the transaction is called a short sale. Short Sales have permeated our real estate landscape and will be around for the next few years. Instead of just reading various blogs from us on the subject, we’re turning the next couple of [...]
If You Had To Choose, Would You Lose Your Home or Lose Health Insurance?
March 30, 2012 By
Many are faced with the dilemma of, “Do I pay mortgage or health insurance?” It’s easy to pass judgment one way or the other when you’re reading about this, but when you’re sitting at the table looking at the bills, looking around your room, it becomes a little more complicated, a little burning in your [...]
Short Sale Update for Montclair and Maplewood, NJ and Seller Tips
October 18, 2011 By
What’s Happening with NJ Real Estate Short Sales? Two towns, Montclair and Maplewood give a good example. Of the 187 residential homes on the market for sale in Montclair as of October 17, 151 were listed as regular sales, 34 as short sales, and 2 as foreclosures in the Garden State Multiple Listing Service (GSMLS). [...]
Short Sales & Foreclosures Have Crept Into Town, but are Not Taking Over
May 6, 2010 By
Short sales and foreclosures have crept into town, but are not taking over. There is a lot in the news about how towns across the country are getting hit hard with numerous short sales and foreclosures. A short sale is a transaction where the bank(s) has to approve the sale because more money is owed [...]
If You Were Underwater on Your Mortgage, Would You Simply Walk Away?
January 29, 2010 By
This morning Barbara Corcoran was interviewed on the Today Show about how many homeowners are walking away from their mortgage. Here’s what they reported: 1 in 4 homeowners in this country today is under water on their mortgage, they owe more to the bank then their home is actually worth. A million people last year [...]
House Didn’t Sell in ’09 So You’re Waiting ‘Til Spring? MISTAKE.
January 4, 2010 By
This is only for all those homeowners who tried unsuccessfully to sell their home in 2009. Don’t sit on the sidelines this winter waiting for Spring to hit to put your house back on the market. If you do, you just may regret it. Who knows where the market will be. The Selling Season is [...]
Short Sales Tips Every NJ Home Seller Needs to Know
December 30, 2009 By
Before You Lose Your Home, Understand What a Short Sale Means to You Many homeowners in Bloomfield, Maplewood, Montclair, South Orange, and West Orange, New Jersey are finding themselves stuck with the possibility of having to do a short sale on their home. Bob Meaux and I are a resource and a crutch to sellers [...]
