Bloomberg interviews Sean Shallis about Short Sales

With foreclosures still on the rise, the real estate market has found salvation in the short sale market. The short sale of a home is possible when the property sells for less than the amount owed on the loan. In order to make this possible, the mortgage lender must agree to discount the balance of the loan due to the financial hardship of the borrower.

Benefits of a Short Sale

As I explain in this video interview Short Sales benefit a neighborhood because they clear out stagnant properties that may have an adverse effect on value. We currently have several short sale properties available, some with stunning views of the Manhattan skyline, and we haven’t had trouble finding potential buyers. In every case we had multiple offers from people who had plenty of money to put down. Americans are out there still buying homes and trying to move it along. In our experience Short Sales can be complicated but definitely reward those investors who have patience and know a great deal when it’s presented to them. Going through the short sale process with a specialist short sale Realtor can definitely make all the difference between closing on a deal or having it fall through.

To view the full article, please visit bloomberg.com. To view video footage, please visit bloomberg.com video.

Now is the time to take advantage of the deep discount short sale market. Click the link to learn more about short sale properties in New Jersey.

Sean T Shallis and The Shallis Group are considered one of the Nations leading Short Sales experts. Call Sean immediately for a personal and confidential conversation about your personal situation. My direct line is 201-427-1032.