What are short sales? Short sales are when the bank agrees to take an amount less than what is owed on the property.

However, short sales are not always a straightforward process. They also become more complicated when there are realtors or mortgage brokers involved. These individuals are also usually only concerned with their commissions. Additionally, they are also only concerned about their own best interests.

Unfortunately, New York homeowners are also frequently misled. Lenders often make homeowners believe they don’t need legal help to do a short sale. Homeowners should not listen to this advice. They should also never do a short sale by themselves. Why? Lenders usually want homeowners to sign agreements that are in the lender’s interests not in the homeowner’s interest. 

Homeowners need a a foreclosure defense attorney who is experienced in handling short sale transactions.

Attorney Kevin T. Conway will carefully review a short sale agreement to ensure that the homeowner’s rights are not being violated. Call our office to learn more at 888.576.2221