A Short Sale, also known as a pre-foreclosure sale, is when you sell your home for less than the balance remaining on your mortgage. If your mortgage company agrees to a Short Sale, you can sell your home and pay off your mortgage balance with the proceeds.
For example, if Mr. & Mr. Smith currently owes the bank/lender $500,000, but their Long Island property is now worth $300,000, Mr. & Mrs. Smith may be able to sell the Long Island property around $300,000 and no longer owe the bank/lender.
A Short Sale is an alternative to foreclosure and may be an option if you are ineligible to refinance, modify your mortgage and/or behind on your mortgage payments.
Our "Long Island Short Sale Experts" will review your situaiton and help you understand which options can help you prevent foreclosure. Long Island Short Sale Experts have over 30 years of combined real estate experience and will provide the personal service you deserve. Please keep in mind that you do not pay us anything; your bank will pay all fees associated with the short sale.
You can "Click Here" to complete a form so we can contact you or call us at 347-319-1410.