If you own a home and are facing foreclosure because of late payments or back taxes etc.  There Are other options rather than having your name listed in the paper and going through the embarrassment and pain of losing your home to foreclosure. If your willing to list and sell your home rather than have the bank force the sale on you a short sale may be right for you.

 In some cases your lender can and (in this market) may very well be inclined to accept less than what you owe them to sell the house and maybe even help you move out and get set up in a new house or rental. If you are facing foreclosure proceedings and would like to be proactive in the process, "Short sale" may be the answer your looking for. At the very least it may put you in control instead of being at the mercy of the lenders.

In a short sale ...if it is presented properly,it can be economically more sound for the bank to take less than holding out for the full amount you owe them. When your home goes to foreclosure the bank isnt being paid for the months it may take to complete. Also taxes and upkeep then the commissions to resell it all add up. If an accurate Presentation is prepared and presented to the right people at the banking level. You may be able to list your home for sale and settle with the bank and then get a fresh start without being foreclosed upon. If you would like more information on arranging a short sale please feel free to call me. Henry DOnofrio 914 714 8014 or email me  click here to access my website to get an idea on value of your home.