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Here are a few reasons you may want to consider short sale on your Cedar Grove, NJ home
You Avoid Foreclosure And The Harmful Effects Of It
The best benefit of short sale is that you avoid a foreclosure on your home. Your mortgage lender accepts less than what is owed on your mortgage, leaving you without the debt that you cannot afford.
Foreclosure can lead to all kinds of financial problems, starting with the inability to obtain a new loan for a home because a foreclosure stays on your credit record usually for up to 7 years.
Even renting will become more difficult as your credit score would be affected, and you often have to disclose a foreclosure on a rental application. Foreclosures can also last a long time (up to 7 years as mentioned above), making you wait years to even qualify for a new mortgage.
There are lots of other situations where we can help, including…
- Relocation
- Divorce
- Downsizing
- Behind On Payments
Get a FREE, NO OBLIGATION OFFER for your property in Cedar Grove, NJ NOW!
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