Rockland Short Sales
All the excitement that the media stirs, can confuse even the simplest of situations. We are however, in strange times for Real Estate. Lenders let the public over extend themselves, and a good amount of the borrowers "took the bait".
Rose colored glasses drew a beautiful picture of family life in the glorious suburbs of Rockland County, along with the rest of New York State and the country.
Now it is time to pay the piper, and unfortunately a good portion of the folks who thought equity in the homes they purchased would increase, are now devastated by the drop in the Real Estate market, and the increase in the Adjustable Rate Mortgages they took back in the early gay 2000's, and some even imbibed in the tempting "Interest Only Loans" are now in Real Estate Reality.
There is a way out, not a promise of riches, however you can escape Foreclosure, and keep your credit in a better standing than if you wait for foreclosure.
Do not believe the promises of the "Loss Mitigation Companies", there is always a new scheme for every vulnerable situation. These companies do NOT have an "in" with the lenders.
Alot of them are investors and are not at all concerned with your credit, they want your house for a song.
The reason lenders prefer to work with REALTORSis: We are licensed with the State of NY. We subscribe to a Code of Ethics. We have Errors and Omission Insurance. We have a Fiduciary Responsibilty to our Clients to Uphold.
Call me for a confidential meeting, so I can explain the process, and to help you get your life back in order.
Associate Broker, SRES, ASP