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Short Sale Process
5/30/2007 9:48:32 AM
During our visit to list your property we will evaluate if having a short sale is an option for you. Our present market is very chanllenging. If the amount of your mortgage is larger then your present home value, your qualify for a short sale. However, the mortgage lien holders are the one who will authorize the sale of the property. The process can be anywhere from 2-9 months depending on the lender. We must prove to the lender that at present you are experiencing hardship. The lender may ask for paystub, bank statement, copies of the last 2 years tax return and a harship letter with detail description of your hardship. The process can be frustration since many banks do not have a accurate system in place, in many instance the same documents are requested multiple times. Furthermore, some lender can file a judgement agains you for the defeciency of the loan. Please check with your attorney and account for the risk of a short sale.
Home Styles Realty
Nicaury Miller
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Loan Modification
5/30/2006 9:48:32 AM
I would love to be positive about this process but I can't. The banks have managed to make it as long as possible to make sure that your financial condition changes, so that you no longer need ther modification or they make it so hard that you have to default and then they will take your home. If you feel that the process is taking a long time(over 5 months) contact the bank headquaters and submit a complain. Very similar to the short sale, the bank will required your bank statement, pay stubs, last 2 years tax return and a letter explaining your why this hardship has affected your ability to pay the mortgage. The good news is that if you are successful with the modification, your loan pricipal can be reduce or your montly payments. Call me for more details.
HOME STYLES REALTY
Nicaury Miller
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Property Tax Appeal
5/30/2008 9:48:32 AM
Every year around February, the township will send the homeowner a card with information pertaining to yor property tax assessment. Taxes are almost guarantee to go up every year. However, your property assessement increases when you make improvements to your property. It is very important for you as the homeowner, to verify your tax card every year to ensure proper assessment. Every year the tax assessor receives from the state the tax ratio. Now, you take the total tax assessement (Building and Land) and divide it by the tax ratio. Your answer is the present market value of your home. If you believe the value is to high, then you have a chance to prove your case before the board of taxation for the county. I am more than happy to help you gather all the necessary documents to help you win. Call Me Today!
HOME STYLES REALTY
Nicaury Miller
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