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Posted: Tuesday, December 16, 2014 1:07 PM




Buffalo NY Short Sale Realtors


If you are struggling to afford your home, you may be desperately looking for a way out. We have good news! A short sale allows you to get out from under your property while also potentially being forgiven of thousands of dollars in debt.

- What is a Short Sale?

A Buffalo short sale takes place when a borrower owes more on their home than it is worth, and the lender agrees to accept a discounted loan payoff. In most cases, the lender then forgives the borrower of the remaining deficiency amount at closing. Remember, this isn't automatically the case and short sale terms differ from case to case.

- How do you qualify for a Buffalo short sale?

You must prove to your bank that you are experiencing a financial hardship that hinders your ability to pay for your home. Hardships can include job loss, divorce, decreased income, job transfer, relocation, vacant rental property, medical expenses, and others.

- How much will a short sale cost?

Short sales are at absolutely no cost to borrowers! The lender pays all traditional seller closing costs which includes Realtor fees.

- Do I need a Realtor to short sale my home?

Yes, and not just any Realtor, but a Buffalo NY short sale Realtor. Many homeowners think as long as a Realtor is licensed they are capable of performing short sales. This couldn't be farther from the truth. Knowledge of short sales is not required to obtain a real estate license. Short sales have only recently become common to the market and require an experienced short sale specialist to be executed correctly.

- How will a short sale affect my credit?

A short sale transaction itself typically lowers your credit score by 30-70 points. The biggest hit to your credit comes from missed payments, which can average 30 or more points each. This is why it's a good idea to begin the short sale process as soon as possible. The quicker your home sells, the less payments you'll be behind.  




Short sale your Buffalo real estate with expert Realtor help to stop foreclosure on your home. FREE short sale help to Buffalo NY homeowners in financial hardship. Our short sale specialist Realtors work areas such as West Seneca and Lackawanna NY short sales as well as the rest of New York.


Please note that we do NOT offer short sale services directly in the state of New York. CLICK HERE for more information on our services.


• Location: Buffalo

• Post ID: 6390813 buffalo
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