A Short sale occurs when a bank accepts a lower price than the mortgage balance, allowing distressed homeowners to sell their home and satisfy the debt with no future obligation or deficiency judgment.
J. Philip Real Estate specializes in these transactions, and I personally broker several per month. My first short sale was in the late 90’s.
My intention with this journal is to explore the practice, share success stories, and to promote my firm as your first choice and best option if you are facing the need for this difficult transaction type.
J. Philip Faranda is Westchester’s Premier Short Sale REALTOR. Find out more at www.NYShortSaleTeam.com
