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Avoid Foreclosure

 

It's Very Important to avoid the negative consequences of a foreclosure sale. Following are several reasons to seek a short sale as an alternative to foreclosure:

 

  • judgment(s) for tens or hundreds of thousands of dollars
  • Bankruptcy (the only way to stop collection of judgments
  • Involuntary relocation
  • Extended negative credit
  • Embarrassing public advertisement
  • Delay in reestablishing yourself as a homeowner(some newer loan programs provide the opportunity to get a new mortgage within 2 years of completing a short sale.
  • Loss of possible financial opportunity available through the governments HAFA program and or banks currently offering relocation funds as much as $38,000.00

 

Short Sale Benefits

 

A Short Sale Is a 2 part transaction:

Part 1: The Negotiation with your bank and lien holders; 

  • To accept a reduced amount to satisfy your obligation in full.
  • To get complete forgiveness of your mortgage without a deficiency judgement*
  • To get you Paid relocation money at closing

Part 2: The Sale of your House

  • Based on your unique circumstances, list and properly price the home to sell.
  • Market the home to attract the most highly qualified and motivated buyers.
  • Present all offers to you and any lien holders and get your home sold!
Gold Key Realty of NY LLC
Miller Place, NY 11764
Phone: (631) 764-2913
Email: larrylederer@goldkeyrealtyny.com
 
 
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Gold Key Realty OF NY LLC
4 Queens Road Miller Place, NY 11764 US
Phone: 631-769-1615 Website: www.goldkeyrealtyny.com