Supcoffconstructionlaw's Weblog


NJ Short Sale Residential Closing Completed
January 20, 2014, 5:01 pm
Filed under: Residential Real Estate, Uncategorized

On December 31, 2013, my Firm successfully closed a short sale residential house purchase in New Jersey on behalf of the Buyer.  The transaction was complicated because the Seller had a first mortgage with one bank and a second mortgage with another bank.  In order to complete the sale, the first mortgage lender had to negotiate with the second mortgage lender to accept a reduced amount compared with the amount owed by the Seller on the second mortgage.

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