Buy and Sell Your Home With a Top Producer

                    I Have To Sell My House 

     Problem: I Don't Have Enough Equity     

In 2006, long before most people ever even heard of the term "short sale", I negotiated one of the first short sales in the area.  My clients had purchased their home just the year before in 2005 but when the husband unexpectedly lost his job, the owners no longer had the income to pay the monthly mortgage nor the equity loan they had taken out for a new kitchen, siding, and roof.   Getting harangued by a steady stream of phone calls and notices from the debt collectors and attorneys hired by the two banks and getting very close to being foreclosed upon, they finally collected their thoughts and realized they had to do something to reverse the situation.

Adding together the first and second mortgages, understanding the home was purchased with only 5% down, and taking into account the typical costs that go along with selling a home, the reality of the situation was that they were short approximately $50,000 in order to just break even and walk away.  

The home was put on the market,  a contract was received and then my work began as I negotiated with the banks to approve the short sale.  The process requires much paperwork and preparation but I will take care of everything for you from the beginning till closing day.  

My clients avoided foreclosure, had the balance they owed the banks waived, the husband switched his career, the couple worked on their credit, and within 3 years were able to purchase a home again.  The alternative,  foreclosure, becomes part of your public record, could compromise a job requiring security clearance or in the field of finance, has a much more lasting (10 years vs 2-3 years) effect on credit ratings, and worst of all, the bank will require you to pay the balance between what they received for your house at auction and what you owe, including interest, penalties, and any taxes they paid on your behalf. 

Life is not stagnant:  jobs are lost, people get sick, couples get divorced, and retirement happens.   Combined with the dramatic loss of equity due to market devaluation, all of the above has a profound effect on the ability for families and individuals to be able manage mortages and sell their homes. 

Although there are 1.2 million realtors in the US, only 35,000 are designated as CDPE realtors (Certified Distressed Property Expert).  With the training, experience, and understanding of what you are going through, I can help you.  All conversations are confidential.  Please contact me and I will be happy to answer all your questions and guide you through. 

Sincerely,

Beverley Gaudio

RE/MAX

CDPE Certified Distressed Property Expert

NJAR Circle of Excellence Sales Award Winner for  2011