Miriam Raide (Exit Realty Premier)

18 Hussa St

Linden , NJ 07036

Full-Time real estate agent. Serving Union, Essex, Somerset and Middlesex counties. Tech savvy real estate agent.

Get to know Miriam Raide

Licensed Real Estate Agent in NJ. Member of NAR, NJAR, GSMLS.

Full-Time worker, always available for my clients and co-workers.

The highest compliment I can receive is a referral from previous clients and real estate professionals.

Most of my business comes from referrals from past clients, mortgage reps and other realtors.

"Don't keep me a secret!" Take a minute to let your friends know the value you received from my services.

Certificate of Achievements:

2009 Exit Premier Top Sales Agent

2009 Exit Premier Top Listing Agent



 NJ Sales Expert.

A short sale transaction in Real Estate is when the seller's lender is accepting a discounted payoff to release an existing mortgage.

Although most sellers consider to do a short sale when they are having financial hardship and stop making mortgage payments, some others may consider a short sale even when they current with the mortgage payments.

Once the seller receives and accepts an offer, the contract has to be sent to the seller's lender.

All offers are contingent upon the lender's acceptance.

On a short sale, seller is selling the house AS-IS condition. Buyer will be responsible for all inspections, repairs and city certifications. 

To avoid going through the costs of foreclosure, sellers will sell their house as a short sale once they get approval by the lender who will allow a sale for less than the mortgage balance while the home is in pre-foreclosure stage.

Once the lender agrees to the short sale, the lender may issue the seller a 1099 for the shorted difference, due to a provision in the IRS code about debt forgiveness. Many situations are exempt from debt forgiveness, according to the Mortgage Forgiveness Debt Relief Act of 2007.

Sellers who sale their house as a short sale should speak to a real estate lawyer and a tax accountant to determine the amount of short sale tax consequences, and whether you can afford to pay those taxes, if any.

 Short sales are a good way to avoid foreclosure. However, in my opinion, sellers who think they might be able to keep the house if the mortgage payments are lower, I encourage them to talk to the lender, explain the financial hardship and try to do a loan modification.  I take my client' listings once they were notified by the lender that a loan modification wasn't possible.

If you or somebody you know would like to get advice about how a short sale works, feel free to give my number (848) 248-0274.

 Thank You!

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  • English