Short Sales in Long Island NY

Are you wondering if a short sale is right for you?

Are you having trouble meeting your monthly loan payments on your Long Island NY home? Are you now facing foreclosure? If so,

a short sale may be a better option.

Let’s look at the basics of the short sale process.

A short sale is when a property is sold for less than the remaining balance on the mortgage, so the seller, who is no longer able to make mortgage payments, can

avoid foreclosure. In a short sale, the seller does not make any

money off of the deal. However, in most cases, they are not required to

pay the remaining balance of the mortgage.

Short Sales vs. Foreclosures: What’s the Difference?

Short sales and foreclosures are two financial options

designed to resolve situations for homeowners

who are behind on their mortgage payments, have a home that is underwater, or

both. However, the procedures and financial

outcomes differ significantly.

When Is a Short Sale Better Than a Foreclosure?

Here are some considerable advantages of a short sale over a foreclosure:1. It eliminates your debt despite selling your Long Island NY home for less than you owe.2. It minimizes the impact on your credit score as compared to a foreclosure. With a short sale, you are softening the blow to your credit score and you are preserving your credit to the best extent possible. 3. You can stay in your home until the sale closes. While you're selling your property short, you can continue living in the home rent-free. 4. You may be entitled to certain relocation incentives.

Once you decide that a short sale is a more

viable option, you need to get a short sale agent. You have to

remember that not all real estate professionals are created equal. It is essential to have a real estate agent that is on your side and can help

you through the process from day one.

A short sale is a very complicated real estate transaction. You need someone who has substantial experience with the short sale process and a strong track-record of success in negotiating short

sales for their clients.

That would be me, Rene Perrin.

If you are thinking of short selling your home, call me at 516-802-3785 for a confidential phone

interview about your situation. We can help

simplify this rather difficult process and help

you make a dignified exit from your mortgage.

Let Me Help You Sell Your Long Island NY Home!

Call me

René Perrin

516-802-3785With my skills and track record, I can get your

Long Island NY home in front of the widest pool of potential buyers!SellYourLongIslandHome.com