Nadel & Ciarlo, P.C.

real estate transactions Archives

Understanding the steps to getting a short sale approval

If you are feeling overwhelmed by your mortgage, and you need to get relief from the repayment obligations, your best option might be to go through a short sale. In order to do this, you will need approval from your mortgage lender. In the best-case scenario, they will permit you to go through a short sale and write off the mortgage, even if the equity generated from the home is not sufficient to do so.

The most common alternatives to foreclosure in New York

If you are a homeowner who is going through a difficult time financially, you may be wondering what your options are to resolve your situation. People very often want to avoid losing their home at all costs, but at the same time, they can be reluctant to take action.

Common concerns about buying a short sale home

Short sale homes tend to be on the market for a much lower price than other homes of the same standard. This is because the goal is to sell them as quickly as possible. Purchasing a short sale home can therefore be a great opportunity to get a home at a good price.

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