Westmarq Expands Real Estate Services

• ShareThis Email PDF Print

paid in full or settled

Lakewood, NJ (Vocus) August 31, 2010

Westmarq Real Estate Group, a flourishing real estate agency located in Lakewood, NJ, has recently expanded in order to service a broader clientele. Along with the addition of agents to their residential staff, they have opened a dedicated commercial department. The commercial division utilizes the services of experts to provide specialized assistance to commercial property owners and investors. Westmarq has also recently launched a new website which allows clients to access necessary forms and stay up to date on the latest developments in the real estate world.

Westmarq Real Estate Group provides all traditional real estate brokerage services asociated with the buying and selling of both residential and commercial properties. Westmarq also successfully manages the sale of REO properties on behalf of banks, with a long list of potential buyers and satisfied clients. In addition they specialize in negotiating short sales, helping property owners with an attractive solution to their mortgage difficulties.

Thousands of Americans are struggling to maintain their mortgage payments amidst decreased income and increased expenses in this unfriendly economic environment. Many of these families slide down the slippery path of debt straight into the dark and painful world of foreclosure.

Foreclosure is a situation that is forced upon property owners by banks or lenders which leaves them little control over when it happens and the process. The foreclosure process usually begins with a certified letter, served by the processor or local sheriff, and ends with the property being sold at a public auction. Foreclosure is humiliating; it robs a person of his dignity and it causes long lasting damage to their economic future.

A short sale allows a homeowner to avoid foreclosure.. In a short sale scenario, an agreement is obtained from the lender which permits the home to be sold for less than the amount of the outstanding debt. Generally in a short sale scenario the bank will waive the deficiency (meaning the amount that is owed to the lender above the amount the house sells for), allowing the homeowner to walk away from the economic misfortune and rebuild their future. Unlike foreclosures, short sales do not appear on credit reports as a foreclosure and do not affect credit histories as adversely, the debt is merely noted as “paid in full or settled”. A foreclosure, on the other hand, can remain on a buyer’s credit history for 10 years or more and lower a credit score 250 points which adversely affects any future loans and job opportunities. Employers view foreclosures as a sign of unreliability and irresponsibility and can deny employment based on these grounds.

Knowledgeable and experienced agents who specialize in short sales can greatly simplify the process and transform a confusing and intimidating world into a well-managed comfortable environment. Westmarq Real Estate Group and its specially trained agents has closed over a hundred short sales this year alone. Their recent expansion allows them to service more people with their short sale/foreclosure services. For more information on Westmarq Real Estate Group’s professional services, call (732) 905-9344 or visit http://www.westmarq.com.

###

Share: