New York Metropolitan Area
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Todd David Realty,LLC.

Short Sales

If you owe more money on your house than it's worth, you can no longer afford your home-this could potentially result in foreclosure! What's the next step?

Even if you don't think you can sell or haven't been able to sell in the past, a short sale can be your silver lining.

What is a Short Sale?

Also known as a pre-foreclosure sale, a short sale is when you sell your home for less than the balance remaining on your mortgage and your lender accepts that amount as full payment.

When is a short sale right?

A short sale may be a good alternative to foreclosure if you:

  • Are ineligible to refinance or modify your mortgage
  • Are facing a long-term hardship
  • Are behind on your mortgage payments
  • Owe more money on your home than it's worth
  • Haven't been able to sell your home to pay off your mortgage
  • Can no longer afford your home

What are the benefits of a short sale?

Often, a mortgage lender will agree to a short sale to get the bad loan off their book-this will ultimately reduce or eliminate your mortgage debt. Other benefits of a short sale include:

  • Avoiding the negative impacts of foreclosure
  • Repairing your credit sooner
  • Having control over the sale of your home
  • Getting peace of mind & moving forward
  • Purchasing a new home sooner
  • The key to a short sale is to start negotiating as soon as possible - this can help save your credit rating and your lender from the expense of foreclosure. The earlier you contact us about presenting a short sale to your lender, the more likely we can negotiate in time to avoid foreclosure!
  • Keep in mind, however, trying to negotiate without the help of a short sale specialist might make your lender reject your short sale - an extensive short sale packet will need to be presented to your lender, and it's unlikely your short sale will be accepted without considerable negotiation!

So, what's the next step?

Contact the Short Sale Network! Gather your financial information and explain your current situation. In order to move forward with the short sale process, you'll need to make sure you have your basic financial and loan information on-hand; this includes your mortgage statements, monthly debt payments (car or student loans, credit card payments, etc.) and proof of income.

Don't wait for that auction letter to arrive -- NOW is the time to act! The sooner you get started, the sooner we're able to get to work on negotiating in time for you to avoid an auction and eviction.

We're real people with real solutions and care about what matters most to you right now: getting your home sold. We'll never ask you for money and will do all of the work for you: we'll list your property, contact your bank and get you FREE high-quality legal representation.

Call TODAY to learn more! 855-978-5454