The Real Estate Team of: .      .         ***Donna & David Michael Leedy***
The Real Estate Team of: . . ***Donna & David Michael Leedy*** - . Licensed Realtors
Century 21 Gemini LLC Realty - 192 Bellevue Avenue, Upper Montclair, NJ 07043 | cell 973 953-1955
$299999, BLOOMFIELD$149999, East Orange$199900, BLOOMFIELD
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The Real Estate Team of: . . ***Donna & David Michael Leedy***
. Licensed Realtors
Century 21 Gemini LLC Realty

192 Bellevue Avenue
Upper Montclair, NJ 07043
map

cell 973 953-1955
Email

Short Sale?????

Short selling your home is not a decision you should make lightly. Without an experienced Agent helping you, It can be a difficult and long process. If the Short Sale is done successfully, the difference between what you sell the house for and what you owe on the house is forgiven. You’ll also avoid a foreclosure on your record. Why call me ? You need an experienced Real Estate Agent who has processed many short sales and knows what to do. As your dedicated Real Estate Agent, my office will deal and negotiate with the mortgage company(ies) on your behalf. How will a Short Sale effect me? A short sale will negatively affect your credit, but not nearly as much as a foreclosure. For a Foreclosure : Quite often this means a loss of between 200-280 points on your FICO score. A pre-foreclosure FICO of 675 could drop to as low as 395, essentially eliminating you from future credit approvals. It may be as long as three to seven years, or longer, before you can qualify for another home loan. How does a Short Sale effect my Credit? Expect to suffer some credit score damage, but nowhere near as much as foreclosure. Loss of FICO points will be around 75-125 and your report will show it listed as a ‘pre-foreclosure in redemption’ which is far less negative. You will most probably be able to secure a new home loan in about a year and a half. How do I start the process? *We will review and both sign into a listing agreement. *We will review and obtain the needed financial documentation and authorization approvals to negotiate on your behalf. *Flattering pictures of your home are taken and we prepare a plan to best present your home at showings. *We will arrange for a showing schedule based on your convenience. What is it going to cost? WE CHARGE "NO FEES WHATSOEVER". We receive compensation upon the successful completion of the Sale of your home.

The Real Estate Team of: . . ***Donna & David Michael Leedy*** || 192 Bellevue Avenue, Upper Montclair, NJ 07043 || cell 973 953-1955 || david.leedy@century21.com