James Lockard - Bergen County Real Estate Blog

Bergen County NJ – We throw around the statistic that a short sale reduces a lender’s losses by 20% compared to a foreclosure. However, I am sure that there are many people who find that hard to believe. So today I am going to give you a breakdown of exactly why it happens. Click here to discove...

Bergen County NJ – The Stop Foreclosure Institute recently received a question from Jonathan. Here was his question. “I am looking to buy a short sale. The seller wouldn’t accept my offer. My agent told me it was because the short sale lender has told them they wouldn’t accept the offer. I am a c...

Bergen County NJ – The Stop Foreclosure Institute recently received a question from James. Here was his question. “I’ve heard that there is a 70% failure rate on short sales. Is that true? If so, then why do so many short sales fail? James” Click here to discover how other sellers successfully d...

Bergen County NJ – The Stop Foreclosure Institute recently received a question from Josh. Here was his question. “I heard that a short sale reduces a lender’s losses by 20% compared to a foreclosure. You would think that would make them excited to work on my short sale. But, they are dragging th...

Bergen County NJ – Many people mistakenly think that a short sale is adversarial. “I will fight that banker and convince them to let me short sale and walk away from the upside down debt”, they think to themselves. That is not how short sales actually work. Most negotiations are not adversarial....

Bergen County NJ - You might think it is an embarrassment to sell your home as a short sale. "My friends will laugh at me when they realize that I owe more on my house than it is worth", some people think. The reality is that many Americans are in your same position. In fact, some experts think t...

Bergen County NJ - A few years ago most agents didn't understand short sales. They didn't want to get involved on them because of the extra work required. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Short sales take two to three times as much wo...

Bergen County NJ - Many homeowners think they have lots of time. "We'll put out home up for sale in a few months. I know the bank is working to foreclose on it, but we can wait", they say to themselves. In order to have a successful short sale, then your agent will need time to submit everything ...

Bergen County NJ - Here is a case study of a homeowner that wiped out $101,279 in upside down debt. They built a brand new home at the peak of the market. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. They were forced to sell for job relocation a ...

Bergen County NJ - Some homeowners looking to short sell their home think that they will have to repay their lender for the entire loss. It's unfortunate to see them stress out and lose sleep at night wondering how they will repay the debt. A short sale loss is usually a large bill for the averag...