How We Can Help

The New York Short Sale Team.

We Can Help if you:

• are behind on your mortgage payments;
• owe more than your house is worth;
• lost your job and may not be able to make ends meet;
• are facing a higher payment due to a mortgage rate adjustment.

Short Sale

A short sale occurs when a lender accepts a smaller payoff on a mortgage than the amount owed. For example, if you borrowed $400,000 on your home and the value has dropped to $365,000, you would be able to sell the home in a short sale with no further debt owed to the bank in most cases. The lender absorbs the loss, real estate commission, back taxes and other arrearages. The advantage to the lender is that they avoid the costs of foreclosing, repossessing, owning, managing and re-selling the property. Their loss in minimized in a short sale. The advantage to you is that you save your credit from a foreclosure, leave the home more on your own terms, have no deficiency judgment, and are positioned to get back on your feet and back into responsible home ownership in a far more reasonable period of time, sometimes in as little as 12 months.

Short sales are complicated, not easy to negotiate, and are best dealt with by a specialized professional. Our team of real estate brokers and short sale attorneys are adept at the practice and can guide you though the process as smoothly as possible to minimize the stress and headaches associated with this difficult process.

Since you pay no out of pocket commission in a short sale, you should talk to us.

We can help you Avoid repossession of your home Sell your house for less than what is owed Avoid a deficiency judgment or lingering debt to the bank Not pay any real estate commission Save your credit from foreclosure Position yourself for responsible home ownership sooner Our team of seasoned real estate licensees and attorneys specialize in negotiating with the loss mitigation department of lenders to settle your mortgage for less than what you owe with no mortgage debt after the sale. Here are just a few of the things we do to help: Full service real estate brokerage– We’ll list your home, find a buyer and submit their offer to the bank. Assistance with hardship package– We’ll help you complete financial disclosures, letters of explanation, and your full hardship package so it will getaccepted by the loss mitigation negotiator at the lender. Manage BPO/Appraisal– for the lender to verify the home’s true market value, so your short sale is approved. Oversee the entire transaction– home inspections (buyers must agree to buy “AS IS”), buyer’s mortgage process, title work, and all the many things required for a smooth real estate closing. Best of all, there is no out of pocket real estate commission to pay or back debt to haunt you. The lender absorbs the loss, and you get a fresh start.

The worst thing about mortgage problems is the stress and heartache associated with them. Inaction can be devastating to your financial health, so call us today for a free, no-obligation consultation over the phone!

From anywhere in the State of New York call
1-866-343-2889

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We are the go to team for short sales in Westchester, Rockland, Putnam, Dutchess, Orange and Fairfield (CT) Counties. We also serve Long Island, The Hudson Valley, Manhattan, The Bronx, Queens, Brooklyn and the rest of New York and Connecticut.