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Short Sales

A "short sale" is the sale of a party's real property for a lesser amount than that is owed to the bank holding the mortgage.
* The property may, but does not have to be in foreclosure.
* As of January 2007 any short sale of a seller's primary
residence will not result in the bank's issuing a 1099 for
the forgiven portion of the debt.
* Although the seller's credit will have late payments on
it,the credit will not be further harmed because of a
short sale.


What Is a Short Sale?

A Short Sale is the smart alternative to FORECLOSURE and BANKRUPTCY

There is a major difference between a Standard Resale and a ShortSale.

A short Sale is critically important and it could be the most important financial decision you'll make for your future! 


* Copies of survey
* Deed & Old Title Policy
* All Certificates of Occupancy
* Bank Name & Account Number
* Social Security Number
* Last 2 Years Tax return
* Present job Status And Earnings
* List Of Any & All Junior Liens
* Will Need to Write A Hardship Letter to the bank
explaining the reason for the problems your not paying
back the loan.

This is a long process,and you will need a Real Estate Company
that has experienced at Short Sales. Call Us At (631) 764-2913

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