5 Factors that Bank will Consider when Reviewing a Short Sale

In this video, I’ll  go over the 5 factors that the bank will consider when reviewing a short sale.  These are as follows: How much liquid cash you have in your bank account. How much do you earn compared to your expenses (Income-to-debt ratio) How much do you earn as income. If you are current … Continued

We buy houses in New Jersey companies – Are they credible?

  If you’ve been driving around in New Jersey, chances are you’ve seen some billboards advertising companies that buy houses. Often times they say things like “We Buy New Jersey Houses!” or “Cash For Your House”. Are these “we buy houses in New Jersey companies” credible? How do I know if the local house buying companies … Continued

Selling My House for Cash in New Jersey

Should you take a cash offer for your New Jersey house? Not always. I’ll tell you how to sell any property for cash, some reasons to refuse a cash offer – and when you shouldn’t say no. Selling My House For Cash In New Jersey If you’re selling a property in New Jersey to an end buyer … Continued

Short Sale vs Foreclosure – What’s the Difference?

Whether you’re a buyer or a borrower / seller, a short sale and foreclosure each present different advantages and difficulties. What Is A Foreclosure In New Jersey? In simple terms… “A foreclosed home is one in which the owner is unable to make his mortgage loan payments and the bank repossessed the home” (source).  If … Continued

How to stay in my home after foreclosure in New Jersey

A recent study estimates that 47% of foreclosed properties are still occupied. When you first see that stat you may be surprised… but we’re not. What most people don’t realize is that banks aren’t in the business to own homes. They are in the business to loan people money. But when they have to foreclose … Continued