Do you owe more to your mortgage company than your house is worth? Are you behind on your mortgage payments and afraid of losing your house to the bank? If so, you can sell your house with the help of an expert using what is known as a short sale. If you are behind on your payments through no fault of your own, or it looks like you are going to be behind on your payments in the near future and you owe more than your house is worth, you should consider selling it now before the bank forecloses on you. In today’s economy, there are many reasons why people get behind on their mortgage payments… job loss, reduced hours, illness, death and divorce are just some of the reasons. Maybe your adjustable rate mortgage just increased your mortgage payment to an amount you just can’t afford anymore.

Carol Loughrey is dedicated to listing, selling and processing short sales. She walks sellers through the short sale process in a way that causes the least amount of stress in a very stressful time and allows them to move on with their lives with their dignity intact. There is no cost to you, the homeowner. The mortgage company pays the Realtor’s commission. With some of today’s government programs you may even qualify to receive money at closing to help with your moving expenses. If your house is already listed with another Real Estate Agency, Carol can help your Realtor with the short sale process through Preferred Real Estate Servicing. Just have your agent give Carol a call or call them yourself. There is still no charge to you. If your house is outside of NJ still give Carol a call. She will find an experienced Realtor to list your house and Carol will be there to help both you and the Realtor with the entire short sale process.