It’s time to take the first step to financial freedom!

Are you unable to meet your monthly mortgage payments? Got denied on loan modification? Home’s value dropped? It's natural to feel overwhelmed and frustrated in this kind of situation, but you don’t have to just walk away from your home.

You still have options and one of them is a short sale. It’s a process of selling your house for less than the amount you owe the mortgage company. It’s a better choice than a foreclosure.

Here are several reasons why you should choose a Long Island NY short sale over a foreclosure.

1. A short sale causes less credit damage

A foreclosure will have a bigger impact on your credit than a short sale. In fact, a foreclosure will be noted on your credit report for seven years. Even if you recover financially, save up enough down payment, it’s highly unlikely that you’ll be able to buy a new home for at least a few years.

Although a short sale will also appear on your credit report, the damage to your credit rating is typically less. In addition, the waiting period before you can qualify for a Fannie Mae or Freddie Mac loan is much shorter than if you go through foreclosure. You will be eligible, under Fannie Mae guidelines, to buy another home in 2 years instead of 5 to 7 years.

2. A short sale can save you from the social stigma of a foreclosure

One of the most painful parts of the foreclosure process for many families is the social stigma involved. A foreclosure is public information. When the bank auctions off your home, they’ll place notices on your door and on your yard. Everyone will know you aren’t able to make your mortgage payments.

A short sale can help to reduce some of this embarrassment for some homeowners. A short sale looks like any other real estate transaction. When you enlist my help as your Long Island NY short sale agent, I will sell your home just like all the other houses in your neighborhood. No sheriff will come to evict you. By choosing a short sale, you can still hold your head high with pride and dignity.

3. After a short sale, you can have a new beginning

The biggest benefit of a short sale is that it gives you a fresh start. It can be your first step to financial freedom. Just imagine the relief you’ll get once you get out of an unaffordable mortgage. You can let go of that stress and move forward with the rest of your life.

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

If you are a homeowner struggling with your mortgage, the sooner you make a decision to short sale, the better off you will be!

The good news is you don’t have to go it alone. Let me assist you!

If you have additional questions about the benefits of a short sale please reach out to me for help. Call me, Rene Perrin, at 516-802-3785. I know that every situation is unique, and every short sale is different. Let me be your guide to making the best decision.