NJ Short Sales: Should I Be Embarrassed by Doing a Short Sale

Short Sales are a situation that can often cause emotional turmoil as well as financial. It’s amazing how quick people are to judge others but times may be changing when it comes to today’s financial situations. We’re all feeling tough times. We all have seen local businesses close, people we know losing jobs they’ve had for years, and seen how the cost of living increases while the income we’re making doesn’t seem to be keeping the same pace.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Most of us don’t speak “legal-eze” and personally I’m thankful that most of us also don’t operate like some lenders. It’s hard to understand why a lender will jump at doing a Short Sale on a home as opposed to working with someone who’s done everything in their power to make right the situation they’ve ended up in, being overdue with the lender.

Many lenders somehow find it more logical to do a Short Sale than to work with the original owner and re-finance or negotiate terms that make it more reasonable for the owner to make regular payments again. Placing the overdue amounts at the end of your loan and putting you back on track seems more logical to you and I than taking a Short Sale. But then again, when does our logic seem to match the logic of most lenders?

What we have noticed though is that while we are all together in this financial mess of our economy we also seem to be more sympathetic and understanding about the situations of others. Friends and neighbors aren’t so quick to judge those who suddenly have a “Foreclosure” or “Short Sale” sign on their front lawn. People have become more sympathetic to those in their community who have been hit hard by hard times. There is no longer a scarlet letter worn by those who have hit hard times and find themselves having to give up their home via a Short Sale.

There is no shame in Short Sales. In most cases the home owners have approached their lender in every possible way, using every possible means to keep their home. Most lenders turn down every option other than literally snapping your fingers and coming up with all of the money owed instantly, no matter what the situation may be. These lenders should bear all of the shame for creating situations that don’t allow for a good, honest homeowner to maintain their dream.

A Short Sale is an option that is taken to help keep your dignity, sell your home, and have a fresh start. Many take this choice hoping to do less harm to their credit rating. Many times friends and neighbors will not only understand your situation but will respect that you’ve remained dignified through a terrible crisis in your life. Each of us understands that we are almost all only a paycheck away from being on the streets in today’s economy.

As we work together to make things better, one of the things we notice is that there truly is a lot less judging and finger pointing going on in life and a whole lot more understanding and help. The fingers are pointing to the lenders now instead.

We are here to help you understand and get through making the choices you need to make regarding a Short Sale of your home. We have the knowledge and training behind us to make your transition as smooth as possible. Most of all we will treat you with respect and help you not only make the experience understandable, but bearable. We can give you information that will give you hope and show you that the future may have a better picture ahead and even another home some day with our help. There is no shame in taking the option of a Short Sale and we are here to show you.

Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at lsarlo@comcast.net. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 609-868-1171

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Sicklerville loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Larry Sarlo.

Larry is a Real Estate Agent at RE/MAX Preferred. Sicklerville Short Sales Realtor:

Phone: 609-868-1171. lsarlo@comcast.net.

Know Your Options, I Can Help!

Search foreclosures and short sale here: New Jersey SHORT SALE DEALS

Search the MLS on your phone by Text: In the subject line on your mobile phone- LSAR1 -to number 87778 ... hit send... A GPS feature for listings at your finger tips

Search Like a Realtor ALL homes for sale Begin Searching NOW.

Larry Sarlo specializes in loan modification assistance and short sales in Sicklerville New Jersey. Sicklerville Loan Modification Help, Sicklerville Short Sales. Sicklerville NJ Short Sales. Sicklerville Realtor.


Important Notice

Larry Sarlo, RE/MAX Preferred, are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Larry's personal views and do not reflect the views of RE/MAX Preferred.

This information on NJ Short Sales: Should I Be Embarrassed by Doing a Short Sale is provided as a courtesy to our viewers to help them make informed decisions.

Are You Facing Foreclosure?

Mullica Hill NJ: What can you do if you are facing a foreclosure?

One of the scariest and worse case scenarios for a homeowner is getting so far behind in your payments that foreclosure is leering around the corner. You feel as though you have let everyone, yourself included, down. You feel embarrassed, even if you aren't actually holding the papers yet. So now what? Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Here are a few tips to help you out:
1.) First off if you've been getting letters threatening foreclosure you need to step up and take action. Ignoring them until you actually get the foreclosure papers sent to you will not make it go away.

2.) Its time to sit down and figure out how far behind you are and if it is truly realistic to catch up your payments. You have to be real and honest with yourself about your situation and figure out a realistic budget to work with. Thinking that oh I can do this, I just have to cut out my $5 latte every morning and make up the money is not a realistic option that will get you out of the situation. Be realistic and figure out exactly how much you can budget each month for the necessities and the small extras. If you haven't noticed, this entire step has used the word realistic and thats the exact word you have to keep in mind.

3.) You have to realize and keep in mind that, in all honesty, the last thing your lender probably wants is to own your home. They are in the money business, not the home owning business. If they are forced to take over the home they're also faced with everything a homeowner is faced with; such as all of the maintenance, upkeep, heating bills, air conditioning bills, all of the utility bills and more. This comes down to one thing, they really don't want to take your home and would probably much rather work with you to make realistic arrangements in helping you keep your home.

4.) Do not avoid your lender. Call them and start to see what can be done to stop the foreclosure. Once the actual foreclosure begins its very hard to stop it; so you want to make sure you contact them immediately. If you reach a person that you simply cannot deal with and takes the approach of scare tactics and put downs, then immediately request to speak to their superior. You deserve to be treated with respect throughout the entire process and demand such. Once you start talking to the financial agent you may find they have many options in place to help you. You are not the first person they've had who was in the position of possible foreclosure and you wont be the last.

Thinking about a short sale? I can help you short sale your property and get back on your feet. Send me an e-mail at lsarlo@comcast.net. I will contact you for a free consultation. When we talk, I will explain how the process works in detail and answer any questions you may have.

Or, if you prefer, you can call me at 609-868-1171 Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Larry Sarlo.

Larry is a Real Estate Agent at RE/MAX Preferred. Mullica Hill Short Sales Realtor: Phone: 609-868-1171. lsarlo@comcast.net. Know Your Options, I Can Help!

Search foreclosures and short sale here: SHORT SALE DEALS

Search the MLS on your phone by Text:
In the subject line on your mobile phone- LSAR1 -to number 87778 ... hit send...
A GPS feature for listings at your finger tips

View My homes for sale at www.LarrySarlo.com.

Larry Sarlo specializes in loan modification assistance and short sales in Mullica Hill New Jersey. Mullica Hill Loan Modification Help, Mullica Hill Short Sales. Mullica Hill NJ Short Sales. Mullica Hill Realtor.

Important Notice Larry Sarlo and RE/MAX Preferred, are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why? Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit. However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification. We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale. The views expressed here are Larry's personal views and do not reflect the views of RE/MAX Preferred.

This information about Are you facing Foreclosure? is provided as a courtesy to our viewers to help them make informed decisions.

Mullica Hill Short Sales Homes for sale

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Search Mullica Hill Short Sale Deals

Discover how others have had successful short sales

How do I escalate a short sale file

Sewell / Washington Twp NJ – Recently I received an email from Mercedes. Here was her question.
as posted on www.SellitFast123.com

 

“I need your help on how to escalate a file with Chase. Twelve months and still Chase claims the loan owner, Freddie Mac, will not help with buyer's closing costs, wants a $36,000 promissory note or $15,000 cash from seller at closing!!

The buyer is willing to pay 4-5 thousand at closing and Chase claims Freddie Mac refused to accept that? I don't believe they would rather foreclose and lose more money." Mercedes.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Here was our answer to her question. Freddie Mac will normally pay buyer’s closing costs up to 3% of the sales price.

They have approved it on every single Freddie Mac file when the buyer needed it. In my experience, most Freddie Mac files have Private Mortgage Insurance, aka PMI.

PMI is probably asking for the $36,000, not Freddie Mac. If there is no PMI, then Chase is negotiating to hard. If that is the case, then contact Freddie direct. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at lsarlo@comcast.net. I will contact you for a free confidential consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 609-868-1171

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Sewell NJ loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Larry Sarlo.

Larry is a Real Estate Agent at RE/MAX Preferred. Sewell and Washington Twp Short Sales Realtor:

Phone: 609-868-1171. lsarlo@comcast.net.

Know Your Options, I Can Help!

Search foreclosures and short sale here: Short Sales and Luxury Homes

Search the MLS on your phone by Text: In the subject line on your mobile phone- LSAR1 -to number 87778 ... hit send... A GPS feature for listings at your finger tips

View My homes for sale at www.LarrySarlo.com.

Larry Sarlo specializes in loan modification assistance and short sales in Sewell New Jersey, Washington Twp New Jersey, Mullica Hill NJ. Sicklerville NJ. Sewell / Washington Twp Loan Modification Help, Sewell Short Sales. Washington Township NJ Short Sales. Sewell NJ Realtor. Washington Township Realtor. Sicklerville NJ Realtor.

Important Notice

Larry Sarlo and RE/MAX Preferred, are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Larry's personal views and do not reflect the views of RE/MAX Preferred.

This information on How To Escalate The File On A Sewell NJ Short Sale is provided as a courtesy to our viewers to help them make informed decisions.

Please feel free to comment or ask us any questions here or call me directly for more confidentiality.

Turnersville NJ: How are Multiple Offers Handled on Short Sales?

Turnersville NJ: How are Multiple Offers Handled on Short Sales?

Turnersville NJ –  At what time in the short sale process do you stop accepting additional offers for submittal to the lender? If you accept another offer after you've already submitted one to the lender, does it reset your timeline to the beginning? Do you just put them in backup position? What about the poor buyer whose offer was submitted and has already been waiting for weeks for lender approval? Do you allow them to match the higher offer?
Get my Free, Step By Step Loan Modification Guide by clicking here.
It all depends. We like to stay with the original offer if possible. But, we don't always do that. It all depends on what the seller wants to do. If the bank is asking for a deficiency or promissory note, then the seller may want to submit the higher backup offers. We run this for the sellers and not the buyers benefit. We feel that it is our job is to represent the seller. If the short sale lender does not like the first offer, then we will submit the next offer. But, if they accept the first offer, then we recommend that the seller go with that one to honor the first buyer. That buyer has waited the longest and deserves to be rewarded for their patience.
Thinking about a loan modification?Our Sicklerville loan modification kit will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at lsarlo@comcast.net to request a Free Copy. Or, click here to request a copy.
Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at lsarlo@comcast.net. I will contact you for a free consultation. When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 609-868-1171
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thanks for reading this, Larry Sarlo. Larry is a Real Estate Larry Sarlo at RE/MAX Preferred. Sicklerville Short Sales Realtor: Phone: 609-868-1171. lsarlo@comcast.net.
When You want it Fast 
CALL ME NOW WITH YOUR QUESTIONS

View My homes for sale at Buy NJ Short Sales.

Larry Sarlo specializes in loan modification assistance and short sales in Sicklerville New Jersey. Sicklerville Loan Modification Help, Sicklerville Short Sales. Sicklerville NJ Short Sales. Sicklerville Realtor.
Important Notice Larry Sarlo, RE/MAX Preferred, are not associated or affiliated in any way, shape, or form with the government. Our services have not been reviewed, endorsed, or approved by the government or your lender. Most lenders willingly work with agents on short sales. Why? Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit. However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification. If you stop paying your mortgage, then you could lose your home and damage your credit. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale. The views expressed here are Larry Sarlo's personal views and do not reflect the views of RE/MAX Preferred.
.

Turnersville Short Sales: The Most Effective Way To Stop Debt Collector Harassment

Turnersville NJ – Debt collectors are infamous for multiple phone calls at all hours of the day. One person told the Stop Foreclosure Institute that he would receive several phone calls the first thing Sunday Morning.

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

"They would call my home phone at 8:15AM on Sunday. This was the only day that I had to sleep in and they woke me up. I had 2 other people call me before noon", he told us.

This is the biggest complaint the Stop Foreclosure Institute has heard about debt collectors. People have told us, "No matter how many times I tell them to stop calling, they still call me."

Let me give you the inside story. The reason this happens is because most people don't do anything about it. They just learn to live with the harassing calls and go on with their lives.

Here is what the debt collectors don't want you to know. Under the Fair Debt Collection Practices Act, a creditor or collection agency that calls you after you request them to stop may be liable for statutory damages up to $1,000 plus any actual damages suffered, plus attorney fees.

So when someone sticks up for themselves, it costs the debt collectors money. In fact, they are so scared of being sued that they all work together to track the people that have sued to collect the $1,000.

Here is the best technique that I have heard of to stop the calls. According to one guy it works great. When a debt collector calls you stop and ask for the person's name and the company name. Then, say the following.

"Bob, I have documented that you have called me today. I also have documented your company name and the phone number you have called from. Now, let me tell you this.

Under my right in the Fair Debt Collection Practices Act, I am requesting that you stop any and all calls to me. If I get another call from this phone number, then I will be contacting my attorney to help me get the statutory damages laid out in the Fair Debt Collection Practices Act.

In addition, I will call your manager and let them know that you could have saved the company $1,000, but chose not to. I will make sure that they understood who cost the company $1,000. So, don't call me again."

The reason this works so well is because you are holding that employee accountable. If they do call you again and have to pay you $1,000 as a result, then that manager will be angry. And it will hurt even more when you tell them that Bob could have saved them from paying it, but was incompetent.

Please try the script and let us know how it works out for you.

If you want a list of 12 common violations and instructions on how to stop the calls, then click here and scroll down to the Right. Click on How To Stop Harassing Debt Collector Calls. Thinking about a short sale?

I can help you short sale your property and never pay the bank another penny. Send me an e-mail at lsarlo@comcast.net. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 609-868-1171

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Sicklerville loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Larry Sarlo.

Larry is a Real Estate Lawrence Sarlo at Remax Preferred. Sicklerville Short Sales Realtor:

Phone: 609-868-1171. lsarlo@comcast.net.

When You want it Sold Fast

View  homes for sale at Search NJ Short Sales and Foreclosures CLICK HERE.

Larry Sarlo specializes in loan modification assistance and short sales in Sicklerville New Jersey. Sicklerville Loan Modification Help, Sicklerville Short Sales. Sicklerville NJ Short Sales. Sicklerville Realtor.





Important Notice

Larry Sarlo, Remax Preferred, and the Stop Foreclosure Institute are not associated or affiliated in any way, shape, or form with the government. Our services have not been reviewed, endorsed, or approved by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

If you stop paying your mortgage, then you could lose your home and damage your credit. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee.

The views expressed here are Larry Sarlo's personal views and do not reflect the views of Remax Preferred.

This information on Sicklerville Short Sales: The Most Effective Way To Stop Debt Collector Harassment is provided as a courtesy to our viewers to help them make informed decisions.

Related articles

• Don't Stand for Harassment from Creditors (creditrepair.org)
• Debt collection rules tighten (ajc.com)

Buyers Avodi Short Sale Problems

BUYERS AVOID SHORT SALE PROBLEMS

 

 From Larry Sarlo Sicklerville, NJ and Turnersville, NJ:

The #1 mindset is to be flexible...  Often times these sales take longer to close.  On a normal sale between only a buyer and seller you can have answers in hours or days.  When a bank is invloved it is likely your answer will take days, weeks and months. Take this into consideration when making offers on a short sale.  Plan on absences such a vacations or family trips.  When a bank says yes, they are ready now!
Here are some tips to follow when buying short sales in NJ
1. You will want to lock in on your mortgage rates.  Don't be so quick... and if you do lock understand yo may have to shell out some more money especially if rates are beginning to rise. Just because a bank accepts your offer, they will need signatures from many people... Supervisors, Investors, Trustees and more.  So be careful not to jump on locking rates so fast and if you do always be prepared to allow for additional time if needed.  Especially if rates are on the rise.
2. Buyers want to close often at the end of a month.  This means less money for interest rates and closing costs in general.  When a bank says they are ready, they are ready.  Be prepared.  Their urgency is not the same as yours. For them to recalculate the HUD settllement costs is a big deal.  The investors and supervisors are already signing off on the losses.  So if a bank is ready and it costs you a little more be ready to close.  Always allow for additional costs.
3. Postponements and cancellations are part of the short sale process.  If they happen, make sure you are flexible.  Especially with moving.  Many time buyers are also selling another home.  Make provisions to stay somewhere in between just in case.  Don't wait until the last minute.  Putting  Fido in the car is no fun when Fido has no where to go.  It happens!  If it can happen it will happen in a short sale.  So be prepared.
4.  Keep House Hunting...  Don;t get me wrong here, you love this house or wouldn't have made an offer, right?  But delays happen and can rejection.  Don;t pass up another deal because you were waiting for a decisoon fro the bank and when you finally got it 2 months down the line, you've passed up other homes.  Make sure you understand your time lines when you can back out of the contract.  Know your timelines and contract terms for escape clauses.  If need to get out, you will be able to because you had no choice.  You cannot control the banks.  You can only control you and your actions.
5. Home Inspections, Appraisals and Certificate of Occupancy inspections.  These all cost money.  The Home Inspection is often waited until a bank has acctped your offer.  However what if the home has issues and now you want to back out.  No problem right.  Only thing is you waiting 3 months to find this oput.  Get your home inspection right way.  It's $400 but better to find out now than later.  The appraisals can wait and so can the certificate of occpancy.  But remember you are buying the house "as is "  The bank will not do any repairs and neither with the seller.
6.  Low Offers is a no no.  Understand this a bank will order appraisals and BPO Valuations.  Tyipically appraisals are not wrong.  If your offer is 25-30% off the appraide value it is a crap shoot whether the bank will accept of reject your offer.  Most likely it will be rejected.  Banks will normally accept 10-20% off the appraide value but this is just a "rule of thumb".  Ask your agent to provide comps for the home.  Understand the value up front.  Also know this a bank will not generally make a counter offer.  So be flexible if you really want the house.  Yo will have to make the counter and be relaistic at this point.  A bank will have no problem walking away from your offer. Remember yo will be getting a good deal on that dream home.
7.  Communication is important with your agent and your agent and the sellers agent.  Nobody likes a nag, but once a week, at least, your buyers agent should be calling the sellers agent to keep on top of the events and processes of the short sale.  Your buyers agent should be then communicating this with you.
To sum it up be Flexible, understand time lines of the contract and the banks requests, and know the value of the home.  The short sale processes can be tiring and can wear down the best of us.  But if you go into it with a level head and experienced representation you will be fine.
 What you need to know about short sales is important.   Click here for more info

Contact me at 609-868-1171 or email at email Larry
Larry Sarlo is a Remax Preferred Agent, Certified Distressed Property Expert
Please contact me at 609-868-1171, Email: LSarlo@comcast.net, Fax:856-258-6040

Office:856-589-4848,

Carman N. Sonny Sarlo Obituary: View Carman Sarlo's Obituary by Courier-Post

Carman N. Sonny Sarlo Obituary: View Carman Sarlo's Obituary by Courier-Post

Camden County NJ: The Short Sale Process from Beginning to End!

Short Sale Process from beginning to end

Sicklerville NJ – The short sale process can vary, but it will generally work as follows:

1) The lender is contacted to discuss the possibility of a short sale and to determine the lender's process for completing the sale.

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

2) The seller issues a letter authorizing the release of personal information about the loan and the property to the buyer or escrow agency.

3) The lender will review a settlement statement, which will indicate the proposed selling price, remaining loan balances and itemize all expenses, including real estate commissions and other fees and expenses associated with the closing.

4) The seller will complete a "hardship letter," which will detail and explain all financial difficulties. Lenders will usually want to validate the seller's financial situation by looking at bank statements, investment accounts, along with examining paystubs and other financial records.

5) The lender will then look to the broker to provide a price opinion by examining the condition of the house and the market value of comparable properties.

6) The lender will then want to scrutinize the purchase agreement to determine if all amounts are reasonable and the real estate commission is acceptable.

To get the lenders approval, first of all write a letter to him about your hardships, backing it up with substantial proof of your financial situation. The next step would be to place the offer.

It would help your case if you get your real estate agent to convince the lender that the price of the property has not been ridiculously lowered.

The last step would be to have detailed pictures and a map of the house, showing details of any repair work if required to be done.

Once the lender approves, the deal is ready to be closed. The buyer can then make out payment to your real estate agent, lawyer or short sale expert who helped negotiate the short sale.

The remainder of the funds is then diverted to paying off your mortgage. In case you are a buyer and are interested in buying a short sale property then you might get enticed at the low prices for a property in a high priced neighborhood.

However, it is better to take caution and not jump at the opportunity. First of all it would be advisable to suggest to your real estate agent to make enquiries with the listing agent and ensure that the property is a short sale one.

Before taking the leap hire an agent who has experience in short sale. Next, it is essential that your agent find out how much the seller owes the lender, who is in the title and whether a foreclosure notice has been filed.

Although the seller might have approved your offer, no deal can be made until the lender has approved.

Have a copy of your earnest money deposit sent to the lender and additionally the lender also might want to know if you are pre-approved and have your own loan available.

Most likely the lender will directly negotiate the commission with your listing broker since he is losing money. The deal will be finalized at this point. Thinking about a short sale?

I can help you short sale your property and never pay the bank another penny. Send me an e-mail at lsarlo@comcast.net. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 609-868-1171

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Sicklerville loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Larry Sarlo.

Larry is a Remax Preferred Agent Certified Property Expert. Sicklerville Short Sales Realtor: Phone: 609-868-1171. lsarlo@comcast.net.

When You want it Sold Fast

View short sales and foreclosures for sale at SearchNJForeclosures.com and LarrySarlo.com

Larry Sarlo specializes in loan modification assistance and short sales in Sicklerville New Jersey. Sicklerville Loan Modification Help, Sicklerville Short Sales. Sicklerville NJ Short Sales. Sicklerville Realtor.

Larry Sarlo is a RE/MAX Preferred Agent, Certified Distressed Property Expert CDPE
Please contact me at 609-868-1171, Email: LSarlo@comcast.net, Fax:856-258-6040

Office:856-589-4848,

Important Notice

Larry Sarlo, and REMAX Preferred, are not associated or affiliated in any way, shape, or form with the government. Our services have not been reviewed, endorsed, or approved by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

If you stop paying your mortgage, then you could lose your home and damage your credit. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Larry Sarlo's personal views and do not reflect the views of Remax Preferred.

This information on Sicklerville Short Sales: The Short Sale Process from beginning to end is provided as a courtesy to our viewers to help them make informed decisions.

NJ Homestead Rebate Forgotten at Settlement, Get Yours or Lose Yours!

As taken from Page 2 of your NJ Homestead Rebate Application:
I owned a home in New Jersey on October 1, 2009, but have since sold it and moved. How will I get my benefit?
If you were the owner/occupant of the property listed in the application packet on October 1, 2009, and you sold the home before you file your application, be sure to answer “No” to the question “Do you still own the property for which you are filing this application?” when filing. In this case, any homestead benefit for which you are eligible will be issued in the form of a check (or direct deposit if you prefer) on or after May 1, 2011. If you sell your home after you file your application, be sure to take the amount of the benefit into consideration at settlement as the homestead benefit stays with the property, not the owner. 

Recently it has come to my attention people are losing their deserving NJ Homestead Rebates.  If you filed your 2009 NJ Homestead Rebate, lived in your home on October 1, 2009 and sold your home since filing, then you must ask for the amount at settlement or the new owner of your home will benefit from your NJ Homestead Rebate. 

My biggest dilema is how to figure what is coming back to you.  It;s not a complicated calculation but it takes a little digging.  Here it is:

Homeowners Under Age 65 and NOT Disabled The homestead benefit for 2009 will be paid as a one-time credit applied to the property tax bill for the second quarter of 2011.
If your 2009 New Jersey gross income* is...	Your benefit amount** is calculated by …
Not over $50,000	Multiplying the amount of your 2006 property taxes paid (up to $10,000) by 20% and then dividing by 4
Over $50,000 But not over $75,000	Multiplying the amount of your 2006 property taxes paid (up to $10,000) by 13.34% and then dividing by 4
Over $75,000	Not eligible

 So if you made 65,000 and your property taxes were $9000 for 2006.  Multiply 9000 x 13.34% =1201.00 divided by 4=300.00 for your rebate.  You would ask for this amount at settlement   Notify the settlement clerk of your title company.  Real Estate agents, you will do your seller clients a great service by putting this amount in your settlement figures and reminding the title clerk to credit your seller these rebate amounts.

Homeowners Age 65 or Older and/or Disabled The homestead benefit for 2009 will be paid as a one-time credit applied to the property tax bill for the second quarter of 2011.
If your 2009 New Jersey gross income* is...	Your benefit amount** is calculated by …
Not over $100,000	Multiplying the amount of your 2006 property taxes paid (up to $10,000) by 20% and then dividing by 4
Over $100,000 But not over $150,000	Multiplying the amount of your 2006 property taxes paid (up to $10,000) by 10% and then dividing by 4
Over $150,000	Not eligible

Also be sure you make consideration of non taxable income for NJ which is not included in the calculation of the incomes for the above graphs.

So Don't forget  Ask for your money or you will lose it...
Good luck and if you have any questions please contact me 609-868-1171  lsarlo@comcast.net 

Washington Twp NJ: Need Help With Mortgage, Don't Stop Paying Your Mortgage to Get Help

Washington Twp NJ,



NEED HELP WITH YOUR MORTGAGE, SHOULD I STOP PAYING MY MORTGAGE TO QUALIFY FOR HELP?

Don't let anyone tell you need to stop paying your mortgage to get help. always pay your mortgage for as long as you can. Communicate with your bank. Tell them your situation.

To qualify for help you need to be able to establish any of the following Hardships

1. Divorce,
2. Unemplyment,
3. Curtailment of income,
4. Illness or Death in the Family

WATCH THIS VIDEO FOR MORE INFORMATION ABOUT LOAN MODIFICATIONS

Larry Sarlo is a Certified distressed Property Expert in Washington Twp NJ, Helping people with Short Sales and Loan modifications. Never pay an upfront fee for loan modification help or a short sale. MY certification is updated to educate me with the new laws and mandates daily. Don't leave your home or your life to chance with inexperience or deceptive practices. My services extend around Turnersville, Sicklerville, Williamstown, Pine Hill, Clementon, Lindenwold, Deptford, all of Camden County, Gloucester County, and Cape May County.

Please contact me at 609-868-1171, Email Larry NowAll information is kept confidential and discrete

Mortgage Assistance Relief Services Disclosure


The following disclosure is made pursuant to the Federal Trade Commission’s MARS Rule (16 C.F.R. §322 et seq.)


IMPORTANT NOTICEYou may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender [or servicer]. If you reject the offer, you do not have to pay us.
Lawrence Sarlo and Weichert Realtors is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.
If you stop paying your mortgage, you could lose your home and damage your credit rating.

Turnersville NJ: Eliminating Mortgage Reduction; Take Action Now.. or lose thousands tomorrow!

The Mortgage Interest Deduction is at Risk

Ever since the federal income tax was introduced in 1913, the government has used the tax code to encourage homeownership. Now, as a result of the effort to reduce the federal deficit, the mortgage interest deduction is under fire. Proposed changes to the tax code would have a dramatic impact on home owners and would significantly reduce the value of this deduction.

How would the proposal to eliminate the mortgage interest deduction and replace it with a 12 percent nonrefundable tax credit affect a typical home owner?

Suppose a home owner paying $10,000 in mortgage interest in a year faces a marginal tax rate of 25 percent and, to keep things simple, has enough other itemized deductions that they would itemize regardless of the mortgage interest deduction.

For that home owner, the mortgage interest deduction is worth approximately 25 percent times $10,000 or $2,500 in reduced taxes paid. With a 12 percent tax credit, the home owner’s tax benefit would be reduced to $10,000 times 12 percent or $1,200.

Moreover, if other proposals affecting housing-related deductions went into effect, home owners would not be able to deduct their state and local property taxes or the interest on any home equity loan they might have and they would pay higher tax on a principal residence when sold.

What is the Mortgage Interest Deduction and Who Benefits from It?   The mortgage interest deduction helps make homeownership more affordable by allowing home owners to deduct the interest that they pay on the mortgage for their home when calculating their annual federal income tax. Contrary to assertions by some economists, the income tax deductions for mortgage interest and real estate taxes primarily benefit middle class taxpayers with incomes between $50,000 and $200,000, according to the findings of a study by the National Association of Home Builders. Taxpayers earning less than $200,000 pay 43 percent of all income taxes. However, they receive 68 percent of the total benefit of the mortgage interest deduction and 77 percent of the total benefit of the real estate tax deduction. Moreover, larger benefits go to larger households and families, such as those with children. And as a share of household income, larger benefits are collected by families with less than $200,000 income, indicating that these tax rules make the tax system more progressive.

Facts The income tax deductions for mortgage interest and real estate taxes primarily benefit middle class taxpayers, and larger benefits are collected by larger households and families, such as those with children. Introduced by Rep. Gary Miller of California, H. Res. 25 supports retaining the mortgage interest deduction. At present, there are more than 40 co-sponsors for this important resolution. There are ways for people to take action in support of the mortgage interest deduction. Owners and renters think tax incentives to promote homeownership are reasonable.      72 percent of home owners agree and 82 percent of renters. 81 percent of the public feels that the mortgage interest deduction should remain in the tax code. Support is strong across party lines.      69 percent of Republicans, 70 percent of Independents, and 83 percent of Democrats think it's reasonable to have tax incentives for homeownership. 70 percent of the public would oppose a political candidate who proposed eliminating the mortgage interest deduction. NAHB research reveals that tampering with the mortgage interest deduction would have a disproportionate impact, as a share of household income, on younger home owners. Analysis by NAHB experts debunks the myth that the mortgage interest deduction is claimed by a relatively small number of taxpayers and primarily benefits higher-income taxpayers. Other housing provisions might be at risk:       Home equity loan interest deduction.       Property tax deduction.       Capital gains tax exclusion.       Low-Income Housing Tax Credit.       Depreciation for residential rental property. More information and news releases can be found at www.SaveMyMID.com. Take Action A resolution that supports retaining the mortgage interest deduction is pending in the U.S. House of Representatives. Introduced by Rep. Gary Miller of California, H. Res. 25 states that “the current Federal income tax deduction for interest paid on debt secured by a first or second home should not be further restricted.” At present, there are more than 40 co-sponsors for this important resolution. Show YOUR support for the mortgage interest deduction and tell your Representative to co-sponsor H. Res. 25: Call the U.S. Capitol switchboard at 202-224-3121 to reach your Representative's office. OR Visit www.House.gov to find your Representative's website and send an e-mail in support of H. Res. 25. AND BE SURE TO Thank your Representative if he/she is already a co-sponsor of H.Res. 25 or decides to become a co-sponsor.  www.NJStopForeclosureHelp.com   www.sicklervilleshortsalerealtor.com

Simple Home Remedies For Fun!

Amazing Simple Home Remedies!

1. Avoid cutting yourself when slicing vegetables by getting someone else to hold the vegetables while you chop.

2. Avoid arguments with the females about lifting the toilet seat by using the sink.

3. For high blood pressure sufferers ~ simply cut yourself and bleed for a few minutes, thus reducing the pressure on your veins. Remember to use a timer.

4. A mouse trap placed on top of your alarm clock will prevent you from rolling over and going back to sleep after you hit the snooze button.

5. If you have a bad cough, take a large dose of laxatives. Then you'll be afraid to cough.

6. You only need two tools in life - WD-40 and duct tape. If it doesn't move and should, use the WD-40. If it shouldn't move and does, use the duct tape.

7. If you can't fix it with a hammer, you've got an electrical problem.

Have a great day week and year!  Share this with your friends

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