We Buy Short Sale Houses or Brownstones in the Prospect Heights New York area – Any Condition or Price Range
We buy Short Sale real estate in Prospect Heights NY. This includes all types of property: such as Prospect Heights Brownstones, single family houses, multifamily homes, commercial property etc.
What is a short sale? A short sale occurs when a homeowner is allowed by their mortgage lender to sell their home for less than what is owed on the mortgage. So the payoff of the mortgage balance is “short” of what is owed. The seller will put the home on the market and receive offers on the property which are less than the mortgage balance. The bank will negotiate with the owner to accept a lower payoff balance than what is owed. Other common terms for the situation when you owe more on your mortgage than what the home is worth are: “upside-down” on your house or “underwater” on the mortgage. Neither of these terms is a favorable, but when you begin the short sale process you are on the path to alleviating the burden of the property so you can move on and begin living without the stress of a high mortgage balance and high mortgage payments.
Can I get Cash as Relocation Assistance?
In the past, the homeowner could not leave the closing with any money because the bank was taking a loss. However, new laws in place such as the Home Affordable Alternative Program (HAFA) will allow the homeowner to be relocated and they can receive cash to relocate known as relocation assistance and get a fresh start at living stress-free. Short Sales in Prospect Heights, NY can allow for greater funds to the homeowner than any other area. Just fill out the simple form above to find out how much you can qualify for.
So if you need to move on and sell your short sale home fast in Prospect Heights NY and surrounding areas … we would like to make a fair cash offer, in less than 24 hours. Find out how much can be available to you, by filling out form on this page.
Short Sale Real Estate or Foreclosure?
We all know that when a homeowner closes on a home, that they are not thinking about foreclosure or short sale, but due to the severity of the economic downturn in the real estate market in 2008 foreclosures and short sale have become a big problem. A short sale doesn’t is not the best situation, but it can be better than a full-on foreclosure.
Sometimes the burden of the mortgage payments are too great and the homeowner can no longer keep up with the payments. As a result the bank may begin the process of foreclosure and begin a lawsuit to foreclose. This is called Lis Pendens. If you receive this Lis Pendens letter it is time to act and decide if a short sale is right for you.
A foreclosure can be much more detrimental to your credit rating than a Short Sale. For example, the short sale may reduce your rating 100-200 points while a foreclosure may drop your credit score 200-400 points. A foreclosure can prevent you from buying a home for 5 – 7 years while a short sale can be as little as 2 years.
Just give us a call at 631-378-5500 to get a quick cash offer over the phone today … or fill out the simple form on this site.
We Buy Short Sale houses Prospect Heights NY…As-Is…in any condition … let us take over the burden of that unwanted property.
No matter the condition of your house – your situation – or timeframe … so if you have a Prospect Heights Brownstone, single family, multifamily, commercial property, we can help.
Our pledge is to complete this sale quickly and efficiently taking the stress of the sale away from you or your family and in the end still paying an fair and honest price for your house. We wouldn’t have it any other way!
Or Give Us A Call Now At: 631-378-5500
We Also Buy Properties That Are Not Short Sales
We can assist you with any situation that you are in . We know you need to sell your Prospect Heights NY house fast; so we are ready. Some of the most common situations include: tired landlords, bad tenants, job relocation, divorce, newly inherited property, home in probate, owe liens, looking to downsize and cant sell your house, repairs that you don’t have the available cash to make, fire damage, avoiding foreclosure, or whatever reason. We can help!!
The bottom line is: if you need to sell your Prospect Heights NY house fast…we’d like to make you a fair cash offer and close on it when you are ready!
If you prefer to talk to someone in our office before submitting your property information just give us a call today at 631-378-5500.
We Buy Short Sale houses Prospect Heights New York and the surrounding areas of Brooklyn New York: Bedford-Stuyvesant, Boerum Hill, Bushwick, Canarsie, Carroll Gardens, Cobble Hill, Brooklyn Heights, Brownsville, City Line, Clinton Hill, Crown Heights, Cypress Hills, Ditmas Park, Downtown Brooklyn, DUMBO, East Flatbush, East New York, Farragut, Fiske Terrace, Flatbush, Kensington, Fort Greene, Gowanus, Greenpoint, Greenwood Heights, Highland Park, Midwood, Ocean Hill, Park Slope, Prospect Heights, Lefferts Gardens, Prospect Park, Prospect Park South, Spring Creek, Starrett City, Stuyvesant Heights, Sunset Park, Vinegar Hill, Weeksville, Windsor Terrace, Williamsburg, Wingate,
We also sell houses to our cash buyer list. If you wish to be a member of our cash buyer list, check out jmequitybuyers.com
If you need to sell your house fast in Prospect Heights NY , We Buy Short Sale houses Prospect Heights NY so connect with us… we’d love to make you a fair no-obligation no-hassle offer. Take it or leave it. You’ve got nothing to lose 🙂