Condo Short Sales New Jersey

CONDO & TOWNHOUSE SHORT SALES

Click on the link below to view condo short sales. Condo short sales is a sale of real estate in which the net proceeds from selling the property will Condo and Townhouse Short Salesfall short of the debts secured by liens against the property.  In this case, if all lien holders agree to accept less than the amount owed on the debt, a sale of the property can be accomplished.

The difference between condo short sales and a foreclosure: A short sale is a deal that can be arranged before the property goes into foreclosure, at a time when both the lender and the borrower agree that this kind of sale(one that generates proceeds that are less than are owed on the property)is preferable to a default on the mortgage.

Passaic/Essex and Morris Counties

Disclaimer: We have made every attempt to only include townhouse and condo short sales, there may be some single family homes intermixed. Some of the single family homes may be located in a lake community association or mismarked in the MLS.

Last updated 6/16/2018  

CLICK HERE VIEW CONDO UNDER SHORT SALE STATUS