You’re Not Alon. But You Still Have Time
Over 100 homes in Bergen County are currently scheduled for sheriff sale. Homeowners in Hackensack, Teaneck, Fort Lee, Fair Lawn, and beyond are behind on payments, but many don’t realize how many options they still have.
Even in pre‑foreclosure, your home might have equity and that gives you leverage.
Bergen County Home Prices Are Still Rising
- The median sale price is around $755,000, up 4–5% from last year
- Average listings hover near $779,000, with multiple towns still in high demand
- If you bought before 2020, you likely have strong equity, even with missed payments
✅ This means you may be able to sell, pay off your mortgage, and walk away with a profit
What If You Bought Recently and Are Underwater?
If you bought in 2021 or 2022 and used a small down payment, you might owe more than the home is worth.
In that case, a short sale may be your best path:
- Sell with lender approval
- Avoid foreclosure and reduce credit impact
- Resolve debt without court involvement
📉 Short sales were common during 2008–2014 and are starting to return in high-cost areas like Bergen County.
Have an FHA Loan? Forbearance Options Are Expiring
If you have an FHA-backed mortgage, the clock is ticking. COVID-era relief options expire September 30, 2025, including:
- Payment forbearance
- Advance loan modifications
- Payment supplements
- Streamlined hardship programs
After that, stricter FHA rules go back into effect. If you’re struggling, act now while more flexible help is still available.
Loan Modifications Are Still Possible
Many lenders will work with you, but it takes documentation, patience, and persistence. A successful loan modification can:
- Lower your monthly payment
- Extend your loan term
- Bring your loan current without immediate payoff
It’s not guaranteed, but it’s worth exploring if you want to stay in your home.
Option: Sell on the Market and Preserve Equity
If your home has equity, a traditional listing may be the best outcome.
✅ No credit damage
✅ Full market value
✅ Walk away with a check at closing
Even if the home needs repairs, there are buyer options that require no fixing, no open houses, and no stress.
⚡ When Foreclosure Is Coming Fast: Consider a Cash Sale
If your sheriff sale date is quickly approaching, selling your home for cash to a qualified investor may be your fastest, safest solution.
Advantages of a cash sale:
- Close in as little as 7–10 days
- No inspections, no repairs, no staging
- No agent commissions or closing costs
- We coordinate directly with the lender to stop or postpone the auction
I work with trusted local investors who specialize in distressed properties. We’ve helped homeowners stop the foreclosure clock within days, saving equity and avoiding the public auction process.
If you want a fast, discreet exit with no red tape, a cash offer may be your best move.
I Offer Free Equity & Short Sale Reviews
Not sure where you stand? I’ll help you figure it out, quickly and clearly.
✅ Home value estimate
✅ Payoff breakdown
✅ Net proceeds or short sale plan
✅ Traditional listing vs. cash offer guidance
No pressure. No cost. Just options.
If You Wait, Here’s What You Risk:
- Public foreclosure auction
- Ruined credit for 7+ years
- Losing all equity
- Owing more if the home sells below your loan balance (deficiency judgment)
Let’s Talk—Privately and Professionally
📞 Call or text Kevin Hill at 201‑214‑1349
📩 Or visit NJHousePartners.com to request your free equity or short sale analysis
You may be in a tough spot but you’re not stuck. You just need the right guidance and fast action. Let’s figure out the best way forward together.
