Get Out of Your Underwater Home for a Happy Healthy Prosperous New Year

December 28, 2011
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Make a "New" New Year's Resolution to Get Out of Your Underwater Home!

Mortgage Forgiveness Debt Relief Act tax breaks set to end in 2012

Sicklerville NJ: We all begin our New Year with Resolutions and most of them are the same. Spend more time with family, make more money,quit smoking, quit drinking, lose weight. In 2012, the resolution of choice for many will be... Get out of debt. For so many homeowners, it's time to start thinking about how underwater they may be in their homes .

With more home foreclosures looming homes will be competing with each other for the available limted buyers and the upcoming expiration of the Mortgage Forgiveness Debt Relief Act, homeowners need to ask themselves... Do I continue to pay my mortgage when I'm so far upside down, or can I even afford to continue paying my mortgage?

One of the greatest solutions to underwater homeowners has been the Mortgage Forgiveness Debt Relief Act that allows many to avoid large tax liabilities tied to their short sale and foreclosure transactions as published in marketwatch.com.

If you owe a debt to someone and that debt is forgiven, the amount they forgive can be taxed, Right now, many borrowers are able to avoid tax liabilities resulting from the debt cancellation, but when the debt relief act expires in 2012 and even if the bank releases you of your deficiancy, a huge tax burden will exist if your home is sold after 2012.

According to Zillow, home values in last 5 years have dropped

          • Gloucester Twp NJ have dropped -25%
          • Washington Twp NJ have dropped -26%
          • Blackwood NJ have dropped -24%
          • Pine Hill NJ have dropped -31%
          • Cherry Hill NJ have dropped -27%
          • Mullica Hill NJ have dropped -27%
          • Marlton NJ have dropped -24%

With little hope of rebounding in the near future and the expiration of the debt relief act, the time to act is now. Short sales can take some time to complete, (3-6 months) so to beat the deadline, homeowners need to start the process by April, if not sooner.

For More Information

Search foreclosures and short sale here: Short Sale Homes For Sale

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

Larry Sarlo

RE/MAX Preferred

609-868-1171 call / text / email 7 days

email me

www.larrysarlo.com

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

December 14, 2011
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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!

View My homes for sale at www.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.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Larry Sarlo, RE/MAX Preferred, and the Stop Foreclosure Institute 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 Sicklerville 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.

Sicklerville Short Sale Question: Should I Short Sale Or Declare Bankruptcy?

December 12, 2011
Comments 0


Sicklerville NJ – The Stop Foreclosure Institute recently received a question from James. Here is his question.

"I am upside down by $300,000 on my home. I want to move, but I am concerned about having that $300,000 debt chasing me for the rest of my life. A friend mentioned I could get it wiped out in bankruptcy.

So, here is my question. Should I short sale and then declare bankruptcy. Or just declare bankruptcy and get rid of the house in the bankruptcy? James."

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

Here was our answer to James's Question. James, here is something you don't know. In most short sales, the upside down debt will be erased.

Yes, the banks will forgive the upside down debt. We recently had a homeowner short sale a house where their bank lost over $400,000. They received a complete release on the debt.

The debt was gone and he had no need to declare bankruptcy. Not a bad deal, no? Here is the good news for you. First, many states have laws that forbid banks from pursuing you for a deficiency after a short sale or foreclosure.

Second, most lenders do not pursue borrowers. In fact, they will specifically release you from the debt. But, every situation is different.

Talk to an experienced short sale realtor in your area to get more specifics. 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: www.larrysarlo.com/shortsales.aspx

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

Larry Sarlo

RE/MAX Preferred

609-868-1171 call / text / email 7 days

Email ME

Website

View My homes for sale at www.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.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Larry Sarlo, RE/MAX Preferred, and the Stop Foreclosure Institute 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 Sicklerville Short Sale Question: Should I Short Sale Or Declare Bankruptcy? is provided as a courtesy to our viewers to help them make informed decisions.

How Can a Sicklerville Realtor Help Me When I am Facing Foreclosure?

December 9, 2011
Comments 0

Sicklerville NJ – While most people think of realtors as a person you turn to only when you’re buying or selling a home; many don’t realize that a realtor’s expertise in the housing industry can help you in other ways also. If you are facing possible foreclosure, turning to a realtor for help may be one of the smartest options to choose.

While realtors can’t give legal advice about handling foreclosures, they can show you many options that are available to you as both a home owner facing possible foreclosure and as a possible home buyer if you should have to release your home to the lender. Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
1.) The right Sicklerville realtor will know the area well and be able to guide you as to how others in your situation in the same area have handled similar circumstances.
2.) A realtor can explain “Short Sales” to you; which could be an option for you depending upon your situation.

3.) Your realtor should be able to explain possible options for re-financing, doing a “short sale”, seeing if a loan modification is an option or perhaps even a mortgage forbearance. There may be other possible options available in your area; including any governmental or non-profit organizations that may be able to help.
4.) Working with one realtor you can trust will not only establish a friend with useful information, but they will be there after the foreclosure when you’re going to need to know where to turn. They will have options available for you from rental units to get you through this tough spot, to possibly even purchasing a new home. You may be surprised at the options available. Having someone experienced in the business will be a plus no matter which direction you go once you finish the foreclosure process.
5.) Find a Sicklerville realtor in your area that truly cares. Yes, we are realtors to make money; it is our job. But we are also human beings and should remember to work with you while making you feel as good as possible with the options you may have. Perhaps this is a dark moment for you and your family but the truth is, if you have a good realtor you should have a good chance at finding a decent home, either as a rental or other possible ways of purchasing it. That’s where an experienced realtor comes in… we know the “other possible ways” out there.

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. You have options to stay in your home. A Loan Modification will help you do that. Give me a call to discuss loan modifications in your area.

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: View 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 Sicklerville New Jersey. Sicklerville Loan Modification Help, Sicklerville Short Sales. Sicklerville NJ Short Sales. Sicklerville 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 Can a Realtor Help Me When I’m Facing Foreclosure? is provided as a courtesy to our viewers to help them make informed decisions.

Sicklerville NJ: Are You Facing Foreclosure?

December 8, 2011
Comments 0


Sicklerville 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.) It’s 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 that’s 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 it’s 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 won’t 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 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!

View My homes for sale at www.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.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Larry Sarlo, RE/MAX Preferred, and the Stop Foreclosure Institute 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 Sicklerville Short Sales: Are you facing Foreclosure? is provided as a courtesy to our viewers to help them make informed decisions.

Sicklerville Short Sale Question: What Are My Options?

December 6, 2011
Comments 0


Sicklerville NJ – The Stop Foreclosure Insitute recently received a question from Denzel.

Here was his question. “I purchased my home in 2007 for 365,000 and put 18,000 down. Today I owe approximately 340000.

The mortgage is with Wells Fargo. No Second. The same size home is being sold by the builder brand new for 240,000 brand new.

I have to move for retirement, and don’t have a job lined up. What are my options. Denzel.”

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

Here was our answer to Denzel’s Question. I think a short sale would be your best option. Let me explain why.

First, in most cases the bank will forgive you of the upside down debt. Second, it is a clean break that allows you to move on without having to worry about the house anymore.

Many people would consider renting out their house. But, that will only turn your home into a long term burden. You will have to collect rent each month from the tenant and cover the mortgage if they don’t pay.

Besides, managing a rental home from another town is difficult. You won’t know how the tenants are maintaining it. It will be hard to rent the home to someone else after the move.

You will have to come back to town or hire someone else to rent it for you. This just means more expense and hassle for you. Again, which is why I recommend a short sale.

A third option is to simply stop paying on the home and let the bank foreclose. But, you end up with more credit damage versus if you short sold the home. 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!

View My homes for sale at www.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.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Larry Sarlo, RE/MAX Preferred, and the Stop Foreclosure Institute 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 Sicklerville Short Sale Question: What Are My Options? is provided as a courtesy to our viewers to help them make informed decisions.

Sicklerville Short Sales: Loan Modification Loss Comparison Calculator

November 28, 2011
Comments 0

Sicklerville NJ – If you are looking to convince your lender to approve your loan modification, then here is a tool you might find useful.

Here is a sample calculator you can use to convince your lender to approve your loan modification.

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

The numbers below are an example. You can get your home value from an experienced short sale realtor, or an appraiser.

Current Home Value: $240,000.

Current Prevailing Interest Rate on a 30 year mortgage: 4.02%.

Current monthly payment on a $240,000 mortgage at 4.02% interest over 30 years: $1,148.57.

What I am offering to repay monthly on my loan modification: $1,400. $1,400 over 30 years will repay a $292,538 mortgage at 4.02%.

That means your bank will actually make $52,538 by approving my loan modification.

Do you think that calculation will make it easier to get your loan modification approved by your bank? I think so. Use it in your negotiations with your lender.

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!

View My homes for sale at www.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.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Larry Sarlo, RE/MAX Preferred, and the Stop Foreclosure Institute 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 Sicklerville Short Sales: Loan Modification Loss Comparison Calculator is provided as a courtesy to our viewers to help them make informed decisions.

Sicklerville Short Sales: How To Find Out Who Owns The Loan

November 24, 2011
Comments 0

Sicklerville NJ – In our last post, we talked about how you could contact the entity that owns a loan. But, some people were wondering how they could find out who owned their loan.

"I thought ABC Bank owned my loan. I send them a payment every month", they told us. Well, here is how to research the owner of your loan.

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

Between 65% and 70% of all loan losses are borne by Uncle Sam. He has direct/indirect ownership or insures against losses thru the following entities: Fannie Mae, Freddie Mac, Federal Housing Administration (FHA), and the Veterans Loan Program (VA.)

Here is how to find out if your loan is owned by any of those entities.

Fannie Mae. http://loanlookup.fanniemae.com/loanlookup/

Freddie Mac. https://ww3.freddiemac.com/corporate/

FHA. Towards the top right corner of the first page of the mortgage, there should be a small square. Inside the square, it will say "FHA Case Number 091-424240-703." The case number will be different, but it will still be an FHA loan.

VA. On the mortgage, 1-4 pages past the signature page will be a VA Rider. At the top it will say "NOTICE: THIS LOAN IS NOT ASSUMABLE WITHOUT THE APPROVAL OF THE DEPARTMENT OF VETERANS AFFAIRS." That is a VA loan.

Now you know how to hold your lender accountable. The remaining loans are probably owned by that bank. If that is the case, then you threaten to contact their stockholders. Anyone want to "crash" a stockholder meeting? 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!

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

Search foreclosures and short sale here: Search SHORT SALEs

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

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 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 Sicklerville Short Sales: How To Find Out Who Owns The Loan So You Can Hold Your Bank Accountable is provided as a courtesy to our viewers to help them make informed decisions.

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Sicklerville Short Sales: Is My Hardship Legitimate For A Short Sale?

June 27, 2011
Comments 0

Sicklerville NJ – We recently received a question from Dan. Here was Dan’s Question.

"I recently purchased another home and tried to sell my former home. It isn’t selling and I can’t afford to make both payments. The home won’t rent for even 1/2 of the mortgage payment.

An agent told me the house is worth about $50K under the mortgage amount. Is it realistic for me to try the short sale? The only hardship created was when I decided to move to a larger home for family. Dan."

Get my Free, Step By Step Loan Modification Guide by clicking here.

Here was our answer to Dan’s Question.

Dan, I think you can short sale your house. Do you have a legitimate hardship?

I know you said you needed a larger house. However, if you also moved for a job transfer, then most lenders would consider that a legitimate hardship.

A hardship is not black and white. Some lenders would consider your situation a hardship. More often than not they will approve the short sale.

Others would not and won’t work with you on a short sale. In addition, the lender may not work with you until you have missed a payment or two.

Whether or not you miss a payment is your decision. You should weigh your options and decide whether or not you can live with the resulting credit damage.

Many lenders will work with you on a short sale even before you have missed a payment. If you were working with us, then we would help you. But, we would have the expectation that it would be a 6-12 month process.

Make sure that you work with a competent short sale agent. Look for someone that is a short sale expert. Ask them how many short sales they have sold.

Ask them if they have worked with your lender in the past. Then you will be able to judge whether they are qualified to help you.

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 person Fast

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.

This information on Sicklerville Short Sales: Is My Hardship Legitimate For A Short Sale? is provided as a courtesy to our viewers to help them make informed decisions.

What are some of the legitimate reasons of a hardship?

June 25, 2011
Comments 0

Some legitimate reasons a lender will consider as a hardship?Hardship

Any of the following will typically qualify as a legitimate hardship for a Turnersville NJ short sale:

  • A reduction in income through the loss of a job, disability, illness, or just the straight reduction in hours that a causes the inability to continue to make payments.
  • Marital difficulties – Separations and divorces are legitimate reasons a lender will consider a short sale.
  • An increase in expenses – Reasons could include an increase in dependents, an illness, etc.
  • An increase in significant debts – credit cards bills, medical bills, legal fees and other similar types of debt.
  • Death – Death of a family member who was a contributing factor in keeping the mortgage current. Also the corresponding loss of income or medical bills associated with the death such as funeral expenses, ect.
  • Relocation for a job – The relocation must be due to a job change and lenders also typically require the move to be over 50+ miles.
  • Military service – There are some lenders that will accept being called into military service as an acceptable hardship.

When you are applying for a short sale or Loan Modification you will be asked to write a hardship letter that is going to detail to the lender why you are no longer able to make mortgage payments on your home. The hardship letter will be one of the determining factors on whether a short sale or the Loan Modification is approved or not.

Is there a possibility you could still do a short sale without an actual hardship? Yes it is possible. This is what is known as a strategic short sale. A strategic short sale occurs when there is no hardship and the owner could continue to pay their mortgage but it considering just “walking away”. In other words the seller would just default which is known as a strategic foreclosure.

If it makes financial sense to the lender they may still consider a short sale where there is no hardship. In this case you can almost be certain the lender will either ask you for a cash contribution at closing or sign a promissory note. It may even be a combination of the two.

Thinking about a loan modification?Our Turnersville 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. Turnersville Short Sales Realtor:

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

When You want it person Fast    

View My homes for sale at Buy NJ Short Sales.

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

This information on Turnersville Short Sale: What is considered a hardship? is provided as a courtesy to our viewers to help them make informed decisions.

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