Judy Chin

Sales Associate

NJ Foreclosure Prevention Help


Are you or someone you known falling behind on mortgage payments and unsure of what to do?  Do you owe more on your home than what it's currently worth?

I know the process is an emotional process and you're not sure what to do.  Your first option is NOT foreclosure.  Consider a loan modification and/or principal reduction alternative.  If you're not eligible, consider a short sale.  Lenders may offer up to $10,000 and/or more to complete one.

What is a Short Sale?

A Short Sale, also known as a pre-foreclosure sale, is when you sell your home for less than the balance remaining on your mortgage.  If your lender agrees to a short sale, you can sell your home and pay off all (or a portion of) your mortgage balance with the process. You may be eligible for the government's HOME AFFORDABLE FORECLOSURE ALTERNATIVES PROGRAM (HAFA) which offers short sale and DIL options.

Are you eligible?

A short sale is an alternative to foreclosure and may be an option if:

  • You are ineligible to refinance or modify your mortgage
  • You are facing a long-term hardship
  • You are behind on your mortgage payments
  • You owe more on your home than it's worth
  • You have not been able to sell your home at a price that covers what you still owe on your mortgage
  • You can no longer afford your home

Please allow me to help you with the process as I've helped others over the last 8 years.  Feel free to contact me at jchin@remax.net for more information.

Designated Bank of America short sale representative.