Short Sales

A short sale occurs when an underwater borrower is allowed to sell a home for less than they owe on their mortgage, and the bank forgives the remaining debt on the loan.  It is mutually beneficial for the borrower and the lender.

If you owe more on your mortgage than your home's value, you're a potential candidate for a short sale.

FORECLOSURE

X  No Permanent relief

X  Up to 7 years before you can buy a home

X  Highest ding to your credit score

LOAN MODIFICATION

X  Temporary relief

X  You're still tied to original debt

X  Loan modifications can increase your payments

X  80% of individuals behind on mortgage are eligible for loan modification

SHORT SALE

*  Permanent relief

*  You're free of debt

*  Buy a home within 2 years

*  Lowest ding on your credit score

626 RXR Plaza, Uniondale, NY 11553

Suite, 655

realpropertysolutions4@gmail.com

Real Property Solutions is a highly regarded real estate solutions company with over 10 years of experience. Since our inception we have helped thousands of homeowners face foreclosure along with rebuilding the communities throughout the 5 boroughs and Long Island.

Office 1(888)306-6461

Mobile 1(347)276-5186