Foreclosure Solutions NJ Goes Live

Online, March 21, 2011 (Newswire.com) - www.foreclosuresolutionsnj.com went live last week. Partnering with private real estate investors, www.foreclosuresolutionsnj.com exists to help homeowners avoid foreclosure in NJ. Those that are having trouble selling their homes or underwater with a mortgage will find the short sale experts at www.foreclosuresolutionsnj.com a great help. Our experts will negotiate with a homeowner's lender to agree to sell the house for less than original mortgage amount. This is the basics of a short sale. Despite the complicated paperwork and documents needed to conduct a successful short sale, homeowners will be walked through every aspect of the short sale process to make sure that everything is done right.

The recent housing crash and high unemployment rates have caused a slew of foreclosures in New Jersey. As a result surrounding neighborhoods have found their property values plummeting. Many people are now underwater on their mortgages. (They owe more on their house than it is currently worth.) Selling the house is near impossible because the buy off amount will not satisfy the mortgage. This is where the usefulness of a short sale comes in. The dangers of facing foreclosure are credit problems and difficulties getting future loans.

The dangers of a foreclosure are many. A homeowner can face a poor credit score and the record of a foreclosure can hinder the acquiring of a new loan for 10 years. Potential employers also look poorly upon a foreclosure on a job applicant's record, especially in the financial sector. Conducting a successful short sale will greatly lower these possibilities. Not many homeowners know about short sales, and we want to make sure that the know their options when facing foreclosure. The investors at www.foreclosuresolutionsnj.com hope to change this problem with their expertise.