“Lets Talk Real Estate!” HOUSE FORECLOSURE” OCTOBER 9th, 2024

Jarlynn Hyde“HOUSE FORECLOSURE “

When people purchase a home, they don’t plan on not paying for it.  However, events can make it difficult to pay the mortgage, such as the loss if income or death.  When a buyer fails to make the payments due on the loan, it is called default.  When this occurs, the lender can foreclose on the home, forcing a sale of the house to pay for the outstanding loan.  It usually the last thing that a lender wants to do.  They want borrowers to stay in their homes and pay their loans.  Often, they work with buyers to avoid foreclosure, such as adjusting the mortgage terms, refinancing, and allowing the borrower to make up their missed payments.   

      Sometimes, despite our best efforts, situations that come to light change everything.  Don’t despair! One of our many strongpoints is navigation our way through the problems that sometimes crop up in real estate transactions,   from a sale that fell through  to a home facing foreclosure.  Buying, selling, or just plain making it work out to everyone’s satisfaction, our negotiating skills are second to none here in the greater New York area or anywhere in New Jersey.  Looking for a real estate agent with reputation of getting the job done?  Call us!  “OUR SUCCESS HAS BEEN BUILT ONE SATISFIED CUSTOMER AT A TIME.”

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