Many people are unaware of what a short sale is.

A short sale is when a lender agrees to accept a sales price of less than what is owed on the mortgage to avoid the full foreclosure process. If properly negotiated, the bank will release the homeowner from the obligation to continue payments on the primary mortgage. A successful short sale will also minimize the negative effect on your credit report.

When you decide to avoid foreclosure with a Long Island NY short sale, you should choose a short sale specialist to handle the process for you.

That would be me, Rene Perrin. I understand your situation and I’m here to help you.

You need to choose your agent as early in the process as possible, to help handle the paperwork and to price the home accurately, thereby improving your chances of short sale approval.

There are many agents out there who identify themselves as short sale experts and tag on fancy titles and certifications to their names. However, most of the time, these are nothing more than titles granted after completion of a course.

As for me, I am a Certified Distressed Property Expert (CDPE). I have training and experience in handling short sales and other foreclosure avoidance options and I will work with you to get you through this stressful situation.

Here’s how I can help you with your short sale:

Set up the property for a short sale

I will start the short sale process by preparing a listing agreement, then listing the property in MLS and completing documentation for the package to be sent to the lender. Completing all the required papers is one of the most important parts of the process, and it can be one of the most difficult too. That’s why you need an expert who is familiar with what to do and what to prepare.

Guide you every step of the process

I will work side by side with you so that you will be able to submit the necessary financial documents as well as the hardship letter to the bank. Keep in mind that your cooperation is vital in ensuring that the timeline provided by the lender is followed.

Handle  negotiations and closing

Once there is an offer, I will submit it to the bank, along with documents like the prequalification letter, preliminary net sheet, and purchase contract. There are instances when the bank gives a counteroffer. When this happens, I will coordinate with you and the buyer for requirements preparation.

I will also ensure that the closing is in process while working with you, the lender, the buyer, and the buyer’s agent. I know the importance of deadlines and I’ll make sure things are going the right way.

Having a certified short sale specialist on your side is invaluable to completing the short sale process. Working with a Long Island NY Short Sale Realtor®, such as myself, is important to the successful completion of your short sale.

Visit my website https://LongIslandShortSaleAgents.com/ for more information.

Call me, Rene Perrin, at 516-802-3785. Let me put my skills to work for you!