Foreclosure is a specific legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan.
Short sales (when houses sell for less than the mortgages owed on them) can be anything but short. Unless they work with highly skilled agents, buyers and sellers can get frustrated if the process is protracted, which may lead to the deals simply getting abandoned.
Working with a skilled realtor can save a lot of headache.
Rosy can help you with your Real Estate needs in Mercer, Middlesex and Somerset counties of New Jersey.
Weigh foreclosures, short sales in tax appeals, EHT mayor says
Written by Laura Stetser Thursday, February 26, 2015 12:00 am
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first published: 2015-02-25 04:52:30[otw_is sidebar=otw-sidebar-11]
