A short sale is a process in which a home is sold for less than what is owed to a lender. In turn, the lender forgives the debt of a homeowner who has experienced a financial hardship and is no longer able to afford their home. It’s a solution that is better than a foreclosure for banks, helpful to a homeowner in financial distress, and a great investment opportunity for a buyer.
But it’s a difficult process to maneuver without professional assistance.
Sal Poliandro has established himself as the leading short sale expert in Bergen County, New Jersey. Hence his website, shortsaleguy.org. He has been quoted in publications such as NJ.com and The Republic concerning his work with short sale homes. His knowledge of the area market and the ins-and-outs of these unique real estate transactions have established him as a short sale guru in the world of New Jersey real estate.
Sal has helped homeowners and investors navigate the local market for over 12 years. A short sale isn’t as straightforward as a traditional home sale and requires a different skillset from an agent. Approval for this non-traditional sale has to go through the homeowner’s lender before it can move forward. The process involves paperwork to prove financial hardship and lots of follow-up with a lender. Most homeowners don’t know where to begin with the process. A seasoned real estate agent, such as Sal, is able to guide and support the seller through the process.
Short sales are a wonderful way for an investor to find a home priced well below market value. Short sales are not advertised in the same way a traditional home sale is marketed. It is essential to find an agent who is knowledgeable about the process and the local market. Sal is able to match buyers with homeowners in search of a buyer. Sal is then able to guide buyers through the sometimes lengthy process of finalizing a short sale home, making it less arduous for everyone involved. Knowing the process and making it easy for the banks to say yes makes all the difference.
Sal has been a party to over 75 short sale transactions. Helping by negotiating with the bank and representing the property for sale. It is always very helpful to all parties involved when Sal has been able to speak with the same negotiator for the bank on separate files.
The market for short sales is a complex arena that Sal Poliandro knows how to navigate. He has worked tirelessly to establish himself as THE local expert able to help buyers and sellers through the process. Whether you’re a homeowner looking for a solution to financial hardship or a buyer looking for a great investment, give the BC Home Team a call today!