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Recent Success Story

Vacant Land on Maple Street, Crown heights
Brooklyn, New York
Original loan:$700,000
Reduced to:$200,000
Discount:$500,000


2Fam,brick, semi detached in East Flatbush N.Y.
Negotiated first and second lien.
Original loan:$570,000
Reduced to:$382,000
Discount:$188,000


2Fam,Frame,detached in East New York.
Negotiated first and second lien.
Original loan:$557,000
Reduced to:$175,000
Discount:$382,000


Hard Money Lenders

Welcome to Short Sales New York City

We are specialized in Real Estate short sales negotiation,stop foreclosure and
pre - foreclosure negotiation
of real estate properties in New York.
We are Short sale and pre foreclosure experts serving New York, Manhattan, Brooklyn, Queens, Bronx Long Island and surrounding areas.
This real estate website is updated frequently and can be a great real estate tool for people who want to invest in foreclosure real estate properties and find affordable foreclosures homes and distress properties in Brooklyn Queens and the Bronx.

We buy and sell foreclosure properties,pre- foreclosure homes and short sale properties in New York.

Search For Short sales Properties:

Queens Homes

Queens

Brooklyn Homes

Brooklyn

Bronx Homes

Bronx


What is a short sale?

A short sale or a short pay off occurs when a mortgage servicer agrees to accept less than they are owed for an outstanding loan.

You Could Sell Your Home, Owe nothing more on your mortgage and get up to $45,000 cash back!

Check this new program that may help you avoid foreclosure and make a fresh start,you may be eligible for this exiting program were you are selling your home in a short sale. you will owe nothing on your mortgage and receive legally up to $45,000 back at the closing. cash!

Contact us to check if you are eligible for this new amazing program.

We Stop Foreclosure!

Are you in foreclosure? we have the best tools to help you stop foreclosure. we are experts in short sales and foreclosure defense.now it's the time to take action and avoid foreclosure.
don't give your house away to the bank.call us for more information

Second mortgage debt settlement!

We now offer a new service: mortgage debt settlement!
Mortgage debt settlement is possible although it is more difficult than settling unsecured debt like credit cards. While lenders are still reluctant to reduce principal it is possible.
contact us for more information about this exiting mortgage debt relief option.

We can help:

If the market value of your home is less than what you owe on your current mortgage, you may qualify for a legal, lender approved solution known as a Short Sale. If your home is in foreclosure, we can stop foreclosure.
We are specialist in negotiation with lenders to reduce your mortgage amount and can advice and Help you with your house and avoid foreclosure.
our short sales negotiation services is free of charge for the home owner!

The HAFA Program - Foreclosure Alternatives for Homeowners

The Home Affordable Foreclosure Alternatives (HAFA) program is for borrowers who, although eligible for the government Home Affordable Modification Program (HAMP), are not able to secure a permanent loan modification or cannot avoid foreclosure. HAFA provides protection and money to eligible borrowers who decide to do a Short Sale or a Deed-in-Lieu of foreclosure.

  • Borrowers receive $3,000 for relocation assistance.
  • Lenders must allow the opportunity for the borrower to attempt a Short Sale or accept a Deed-in-Lieu of foreclosure before following through with a foreclosure.
  • Borrowers are fully released from future liability for the first mortgage debt - lenders cannot ask for a cash contribution, promissory note, or deficiency judgment to complete a short sale or DIL. Additionally, junior lien holders (i.e. 2nd mortgages) who participate in the HAFA incentives must also release borrowers from future liability.

We buy and sell properties

We have approve short sale properties bank short sales repossessed homes and distress properties for sale New York City.

Need to sell your house quick?
We Buy short sale homes, re'o properties, bank owned properties,distress houses in new york city

Why buying a short sales home is a good idea?

Buying a short sale can prove to be one of the most lucrative types of real estate deals available. With the rise of properties in distress short sale a property prove to be the only way to go today. That gives you the opportunity to get into a great home for an amazing price.

What do we need to start?

The individual documents necessary to proceed with the short sale will depend on the lender. Typically the lender will require hardship letter detailing the circumstances behind the short sale. A signed, valid contract, preliminary HUD-1 settlement statement and a preliminary estimate of proceeds to the lender. The broker listing agreement that shows that the house is for sale. Financial condition of the seller, i.e.; pay check stubs, bank statements, a personal financial statement and monthly budget assessment and tax returns.

short sales and foreclosures in 2015

Foreclosures will increase moderately in 2015, according to Radar Logic's year-end predictions. Since lenders have largely resolved their processing issues and have become more efficient, this may be most visible in the foreclosure filing numbers as total foreclosed homes will fluctuate based on REO sales activity, Radar Logic said. The company also predicts that delinquencies and defaults will remain high and possibly increase. In terms of housing inventory, Radar Logic said that visible supply would remain flat or increase moderately, with more REO properties being put on the market but new homes not experiencing a significant increase. However, Radar Logic does predict a substantial increase in shadow supply, as the number of underwater homes continues to increase while values drop.


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