Quick sale due to relocation. We bought at the height of the RE market and comparables in our community arent selling? I need help!

Asked by Jc21, 08081 Thu Jun 16, 2011

We live in Sicklerville. We have put in about 12,000 in renovations and the house is still unfinished. We owe more than to our lender than what the market is selling for. Renting is not an option as we could not rent for what our mortgage and HOA fees cost. What is the process of a short sale as that is the only alternative I can foresee?

Help the community by answering this question:

+ web reference
Web reference:


Jeanne Feeni…, Agent, Basking Ridge, NJ
Thu Aug 16, 2012
I suggest to my short sale sellers that they start with a conversation with an attorney that has experience with the process. Do that - so that you understand the process and implications. A local agent will be able to provide suggestions on the attorney front.

Good luck to you,
Jeanne Feenick
Unwavering Commitment to Service, Unsurpassed Results
0 votes
Jennifer DiB…, Agent, Turnersville, NJ
Thu Jul 28, 2011
Hi JC, My name is Jennifer Dibabbo and I live and sell real estate in Sicklerville. I am a licenced agent in NJ and Pa. since 2004. I work with Century 21 Hearst in Turnersville. I am currently working on another short sale in Sicklerville so I am familiar with the process, There seem to be many in our area. I would love to come sit and talk with you and explain the process to you. If you would like to contact me I can meet with you whenever it's convienient for you. Please contact me at (267) 688-5725 anytime is fine.
0 votes
Jeanne Feeni…, Agent, Basking Ridge, NJ
Wed Jul 27, 2011
I have an attorney that has a very high success rate with short sales. I have a short sale listing in North Plainfield now and I made it a prerequisite of my taking the listing their engaging the support of an attorney that could help them negotiate with the bank. As with most things, the way you start the process may well lead to a more successful outcome.

If you would like her contact info, send me an email directly. She is in Union County NJ but I don't think the location makes a difference.

Jeanne Feenick
Unwavering Commitment to Service
Web Reference:  http://www.feenick.com
0 votes
Gerard Carney, Agent, Spring Hill, FL
Thu Jul 21, 2011
1) See if you qualify for a Loan Modification!
2) If you plan on moving and buying in the new area, then you will not qualify for a short sale!
3) Renting at a small lose or even a medium one is still better than foreclosure!
0 votes
Reid Decresc…, , Camden County, NJ
Thu Jul 21, 2011
First off, you have to work with someone who really understands the proccess of a short sale. I owned and was the sales manager of a huge mortgage company in South Florida and have worked with hundreds of these deals. I am a licensed real estate agent in NJ and work with an investor group and all they do is buy short sales. If you want more information on my investors or need any advice feel free to give me a call at 917 774 2720.

Best regards

Reid DeCrescenzo
0 votes
Robert Green…, Agent, Cherry Hill, NJ
Wed Jul 20, 2011
Hi Jc21. Are you still looking for options? I can help.
Call me, 856-575-1818
-Robert Greenblatt, Keller Williams Realty

See testimonials on my website at: http://www.robertgreenblatt.com
0 votes
Jeffrey, Home Buyer, New Jersey
Tue Jun 28, 2011
The first step is getting in touch with a short sale investor. Contact us at (732) 440-8369 or visit http://www.foreclosuresolutionsnj.com and we can get you in touch with our investor ASAP.

0 votes
Search Advice
Ask our community a question

Email me when…

Learn more