Learn the Truth About Short Sales from a Certified Distressed Property Expert'

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Certified Distressed Property Expert



Learn the Truth About Short Sales from a Certified Distressed Property Expert'

the counties of Sussex, Warren, Morris, Passaic, Bergen, Union, Hunterdon, Middlesex, and Somerset home, house, condo, homes for sale, houses for sale, real estate, condos, townhouses, townhomes, lofts or condominiums, land, acreage, lots for sale or investment propertyNeed to ease the pain of an unstable and confusing real estate market?

Pinnacle Realty are Certified Distressed Property Experts® (CDPE), and we have a thorough understanding of complex issues in today’s turbulent real estate industry and knowledge of foreclosure avoidance options available to homeowners. CDPEs can provide solutions, specifically short sales, for homeowners facing market hardships.

Homeowners regularly proceed without guidance of any kind through the often financially and emotionally devastating prospect of foreclosure. Speaking with a well-informed, licensed real estate professional is the best course of action for a homeowner in distress. Through comprehensive training and experience, CDPEs have the tools to help homeowners find the best solutions for their unique situations and to avoid foreclosure through the efficient execution of a short sale.

Living through financial difficulties poses a challenge for any family, so why make the process of finding a qualified real estate professional difficult too? Select an agent with the CDPE Designation to ensure you have a trained professional to address your specific needs. For more information, contact a CDPE in your area.

CDPEs don’t merely assist in selling properties, they serve and help save their clients in need.


the counties of Sussex, Warren, Morris, Passaic, Bergen, Union, Hunterdon, Middlesex, and Somerset home, house, condo, homes for sale, houses for sale, real estate, condos, townhouses, townhomes, lofts or condominiums, land, acreage, lots for sale or investment propertyWhat is a Short Sale?

A short sale can be an excellent solution for homeowners who need to sell, and who owe more on their homes than they are worth. In the past, it was rare for a bank or lender to accept a short sale. Today, however, due to overwhelming market changes, banks and lenders have become much more negotiable when it comes to these transactions. Recent changes in corporate policy and the Obama administration have also improved the chances of getting a short sale approved.

But to be technical, here's a more official definition:

A homeowner is 'short' when the amount owed on his/her property is higher than current market value.

A short sale occurs when a negotiation is entered into with the homeowner's mortgage company (or companies) to accept less than the full balance of the loan at closing. A buyer closes on the property, and the property is then 'sold short' of the total value of the mortgage.

For homeowners to qualify for a short sale, they must fall into all of the following circumstances:

  • Financial Hardship – There is a situation causing you to have trouble affording your mortgage.
  • Monthly Income Shortfall – In other words: "You have more month than money." A lender will want to see that you cannot afford, or soon will not be able to afford your mortgage.
  • Insolvency – The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage.

This seems simple enough, but it is a complicated process that takes the expertise of experienced professionals. Find a CDPE in your area by clicking here. Together, you can identify all possible options and, when possible, a CDPE can assist you in the quick execution of a short sale transaction.


Source: http://www.cdpe.com/


Pinnacle Realty Associates, LLC... Go NJ Real Estate.com
Serving all of Northern New Jersey Phone: .. (973) 729-6802
Jack R. Beierle, Broker  
For inquires, email jack@pinnaclereo.net    
Pinnacle Realty Associates, LLC, 13A Main Street, Suite 2, Sparta, NJ 07871



Northern New Jersey NJ Homes Condos Real Estate | Pinnacle Realty | Go NJ Real Estate
About Pinnacle Realty's Northern New Jersey, NJ Real Estate Website: The www.gonjrealestate.com web site provides Bergen, Essex, Hudson, Hunterdon, Middlesex, Morris, Passaic, Somerset, Sussex, Union and Warren, New Jersey real estate information and resources to guide homeowners, homebuyers and real estate investors through the process of selling and buying a house, condo or other realty property in the Northern New Jersey area. Pinnacle Realty (sometimes spelled as Pinacle, Pinnakle, Pinickel, Pinickle, Pinnacel, or Pinochle) has services to help you get the best value for your Northern New Jersey home and this website offers home buyers and home sellers a superior comparative market analysis (CMA), a way to view real estate and Property IDX listings including virtual tours, prepare your home for sale, and more. Investors looking for real estate investment properties to invest in need look no farther. Anyone selling a home, buying a home or seeking housing can learn more about our realty services, and will appreciate working with a  Northern New Jersey REALTORs who knows  the area so well. Through trusted partners, we also provide real estate and financial services to consumers looking for houses for sale or selling their home in Northern New Jersey, NJ, such as mortgages, credit history, new homes, foreclosures and other services. If you've already tried to go the for sale by owner (FSBO) route and find you are needing a partner who you can trust in the sale of your most precious asset, Pinnacle Realty can take care of your special needs. It really doesn't matter if you spell it REALTOR, Realator or Realter, realty, realety or reality, real estate or realestate, Pinnacle Realty speaks  your language.
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