There are 9 condos listed as “short sales” in our MLS.

Here they are: Click Here to View Listings

Any offers are subject to bank approval.

What is a short sale?

While Short Sales were virtually unheard of only a few years ago, now the majority of banks and lenders are negotiating and closing these deals. They allow a homeowner with a legitimate hardship to sell their property for less than the balance of their mortgages and avoid foreclosure.

Why buy a short sale?

Buyers persue short sale properties in the hopes of obtaining a good deal however be aware that these deals generally take longer to complete and are subject to the banks approval.

The issue is that the banks want the right type of deal with exactly the right paperwork and most agents are completely unaware of what the banks want. This is why the majority of short sales are not accepted or take so long to close that buyers lose interest.  However if you have the right team in place including your real estate attorney and a Certified Distressed Property Expert certified REALTOR, your chances are greatly improved. To really get a good idea of what a CDPE can do for you click on the following link  What Is a Certified Distressed Property Expert (CDPE)? 

You will find some really great information.  

More info? Email  eddie@InvestHoboken.com

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