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.

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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.

How to Emergency Prepare!

Are you Emergency Prepared?

If an emergency happens such as ice, snow, earthquake, Power outage, Terrorist attack will you and your family be ok to hold up for 3 days? 5 days? 2 weeks? 1 month? So just how far ahead should we prepare for?

The fact is most of us are so complacent in our daily lives no thought is given to these circumstances until it's too late. We all think we'll have this big sign or alert that a catastrophe is coming. We run to the grocery store and we have our rations! But we won't! No warnings. No grocery stores open. A disruptive force or happening would cripple us in almost every way. No gasoline. No extra food, water, or first aid. There is even talk about a great depression again. Do you think things are that different today then 60 years ago? Sure Hurricanes give us some warnings of evacuation. Tornadoes are even evident. But Earthquakes, Volcanoes, Chemical Spills, War, Terroristic Attacks, Power Outage and Ice Storms, Global Warming and more don't give much warning, if any at all.

What can we do to prepare? It sound like some film like Earthquake, Volcano or The day The Earth Stood Still. ...

There are six basics you should stock in your home:

• Water

• Food

• First Aid Supplies


• Clothing Bedding and Sanitation Supplies


• Tools


• Special Items

How Much Water do I Need?

You should have at least a three-day supply of water and you should store at least one gallon of water per person per day. A normally active person needs at least one-half gallon of water daily just for drinking.

Additionally, in determining adequate quantities, take the following into account:

• Individual needs vary, depending on age, physical condition, activity, diet, and climate.


• Children, nursing mothers, and ill people need more water.


• Very hot temperatures can double the amount of water needed.


• A medical emergency might require additional water.

Store at least a three-day supply of non-perishable food. Select foods that require no refrigeration, preparation or cooking and little or no water. If you must heat food, pack a can of sterno. Select food items that are compact and lightweight. Avoid foods that will make you thirsty. Choose salt-free crackers, whole grain cereals, and canned foods with high liquid content.

*Include a selection of the following foods in your Disaster Supplies Kit:Note: Be sure to include a manual can opener.

• Ready-to-eat canned meats, fruits and vegetables


• Canned juices, milk, soup (if powdered, store extra water)


• Staples--sugar, salt, pepper
  
  


• Vitamins


• Foods for infants, elderly persons or persons with special dietary needs


• Comfort/stress foods--cookies, hard candy, sweetened cereals, lollipops, instant coffee, tea bags

Assemble a first aid kit for your home and one for each car. A first aid kit* should include:

• Sterile adhesive bandages in assorted sizes


• 2-inch sterile gauze pads (4-6)


• 4-inch sterile gauze pads (4-6)


• Hypoallergenic adhesive tape


• Triangular bandages (3)


• 2-inch sterile roller bandages (3 rolls)


• 3-inch sterile roller bandages (3 rolls)


• Scissors


• Tweezers


• Needle


• Moistened towelettes


• Antiseptic


• Thermometer


• Tongue blades (2)


• Tube of petroleum jelly or other lubricant


• Assorted sizes of safety pins


• Cleansing agent/soap


• Latex gloves (2 pair) Sunscreen

Non-prescription drugs

• Aspirin or nonaspirin pain reliever


• Anti-diarrhea medication


• Antacid (for stomach upset)


• Syrup of Ipecac (use to induce vomiting if advised by the Poison Control Center)


• Laxative


• Activated charcoal (use if advised by the Poison Control Center)

If you live in a cold climate, you must think about warmth. It is possible that you will not have heat.

*Include at least one complete change of clothing and footwear per person.

• Jacket or coat


• Long pants


• Long sleeve shirt


• Sturdy shoes or work boots


• Hat, gloves and scarf


• Rain gear


• Thermal underwear


• Blankets or sleeping bags


• Sunglasses

Sanitiation

• Toilet paper


• Soap, liquid detergent


• Feminine supplies


• Personal hygiene items


• Plastic garbage bags, ties (for personal sanitation uses)


• Plastic bucket with tight lid


• Disinfectant


• Household chlorine bleach

Mess kits, or paper cups, plates and plastic utensilsPortable, battery-operated radio or television and extra batteries

• Flashlight and extra batteries


• Cash or traveler's checks, change


• Nonelectric can opener, utility knife


• Fire extinguisher: small canister, ABC type


• Tube tent


• Pliers


• Tape


• Compass


• Matches in a waterproof container


• Aluminum foil


• Plastic storage containers


• Signal flare


• Paper, pencil


• Needles, thread


• Medicine dropper


• Shut-off wrench, to turn off household gas and water


• Whistle


• Plastic sheeting


• Map of the area (for locating shelters)

Special Items

Remember family members with special needs, such as infants and elderly or disabled persons.

For Baby

• Formula


• Diapers


• Bottles


• Pacifiers


• Powdered milk


• Medications

For Adults

• Heart and high blood pressure medication

• Insulin


• Prescription drugs


• Denture needs


• Contact lenses and supplies


• Extra eye glasses


• Hearing aid batteries
  

Important Family Documents

• Keep these records in a waterproof, portable container.


• Will, insurance policies, contracts, deeds, stocks and bonds


• Photo IDs, passports, social security cards, immunization records


• Bank account numbers


• Credit card account numbers and companies


• Inventory of valuable household goods, important telephone numbers


• Family records (birth, marriage, death certificates)


• Photocopies of credit and identification cards
  
  
  


• Cash and coins.
  
  
  

Home

• Your disaster supplies kit should contain essential food, water, and supplies for at least three days.


• Keep this kit in a desig­nated place and have it ready in case you have to leave your home quickly. Make sure all family members know where the kit is kept.


• Additionally, you may want to consider having supplies for sheltering for up to two weeks.

Work

• This kit should be in one container, and ready to "grab and go" in case you are evacuated from your workplace.


• Make sure you have food and water in the kit. Also, be sure to have com­fortable walking shoes at your workplace in case an evacuation requires walking long distances.

Car

• In case you are strand­ed, keep a kit of emer­gency supplies in your car.


• This kit should contain food, water, first aid supplies, flares, jumper cables, and seasonal supplies.

Did you know there is a radio that broadcasts National Weather Service warnings and watches 24 hours a day - and warns you with an alarm of dangerous weather? It's true. It's called the NOAA Weather Radio network, and it's provided as a public service by the Department of Commerce's National Oceanic and Atmospheric Administration.

The NOAA Weather Radio network has more than 480 stations in the 50 states and in Puerto Rico, the U.S. Virgin Islands and U.S. Pacific Territories.The most important fact is if you don;t prepare you may wish you did, fi not for you but your family. When you do prepare, you'll wish you were more prepared. Something is better than nothing. Do as much as you can and protect you and your family.

It almost sounds impossible. It'll never happen to me... But it is just a matter of when. I recently have made preparations. It took me about 2 hours to put together. I feel much better that I have a plan, that my family has a plan.

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