Pascack Valley (Saddle River, NJ)
By Eileen Meehan, Move with The Meehan Home Team
(Keller Williams Village Square)
Short Sale opportunities are out there.  There is also lots of confusion about how to close a short sale.  In a nutshell a short sale is when the seller owes more than their house is worth and they can't afford their payments, they might be able to sell it for less than they owe -- without having to pay the lender the difference. For a buyer, a short sale is a boon since he or she is getting a property at a reduced price. However, the process of waiting for a lender to decide whether to agree to a short sale can make a lengthy home-buying process longer and more arduous. My job as a realtor is to counsel the seller, provide accurate pricing on their home and advise them to speak to an attorney and a tax professional.  Both the attorney and tax professional need to have a good working kn...
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Saddle River, NJ Real Estate Professionals