We are Long Island’s most experienced short sale brokers.

The average real estate agent just doesn’t understand the complexities of the short sale process. Why risk working with an inexperienced agent or real estate brokerage? We offer exceptional real estate expertise PLUS legal representation, negotiation, processing and long-standing professional relationships with REO and bank-owned property specialists.

We have been working with short sales since 2008. During that time, we have become Long Island’s premier real estate brokerage offering services specifically tailored to clients who are aiming to avoid foreclosure. Around 98% of our clients complete our process with their loan balance waived and 75% end up with relocation funds in hand. In return, our clients pay us nothing and their lender is paid in full.

We are the Long Island short sale experts!

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Short Sale Specifics

+ Are You Eligible?

In order to find out if you qualify for our short sale services, answer the following:

  • Do you currently owe more than your home is worth or the same amount that your home is worth?
  • Are you experiencing significant financial hardship?
  • Are you currently unable to make your mortgage payment or will you soon be unable to make your mortgage payment?

If you answered “YES” to any of these questions, you are more than likely eligible to begin the short sale process.

+ How Much Will You Have to Pay?

This is the really good news -- you will never have to pay a penny for the services we provide. Our fee is paid by your mortgage company. In addition, 75% of our clients receive up to $10,000 in relocation money from their mortgage company.

+ How Will We Help You?

  • We personally manage all of the necessary paperwork for your short sale throughout the process.
  • We work with you to facilitate the removal of liens so that we are legally able to sell your home.
  • We coordinate the sale of your home with your mortgage lender.
  • We promote your interests and care for you every step of the way, every day.

+ When Will You Be Paid In Full?

Once the short sale is complete, 98% of our clients receive a deficiency waiver from the lender. That means that you have fully discharged your financial obligations.

+ What Can I Expect During the Process?

Aside from highly competent and thorough real estate services, you can expect understanding and respect. We understand that the short sale process can be an emotional one. Count on us to preserve your privacy and dignity at every stage.

 

75% of our clients receive relocation funding of up to $10,000.

 
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The Process

  1. We’ll discuss your current real estate situation and sign a representation agreement allowing us to speak to your lender on your behalf.

  2. We’ll help you put together a required short sale package for the lender which includes: 

    • Tax returns for the previous two years

    • Paycheck stubs for the previous two pay periods

    • Bank statements for the previous two months

    • A letter of hardship outlining your inability to pay your monthly mortgage payment

  3. Upon completion of your short sale package, we’ll apply to your lender for short sale approval. 

  4. Upon approval, our real estate professional will visit your home, speak with you in person, and discuss our plan for your home’s short sale. 

  5. We will request the following from your lender to be completed on Closing Day:

    • A deficiency waiver stating that you have satisfied your financial obligations to the lender.

    • Relocation money to help you begin your new life post-short sale.

  6. On Closing Day, we’ll be by your side to ensure that all of our agreements are in place and you can move forward successfully. 

Our Guarantee

  • You’ll never have to pay for our services. We are paid by your lender on Closing Day.

  • We’ll manage all of the paperwork on your behalf.

  • We’ll provide an expert real estate professional who knows your neighborhood and will personally meet with you to discuss the plan for your successful short sale.

  • You’ll stay in your home until Closing Day, giving you, on average, an additional four to six months in place.

  • We’ll file to remove liens on your property as required.

  • We’ll make you aware of the legal and tax implications of the short sale as they apply to you.

  • We’ll help you satisfy the lender requirement to have a short sale agreement in place 30-days prior to a listed auction date.

Why Choose LI Probate?

  • Our experience and care make all the difference in your short sale experience.

  • We have hundreds of satisfied clients who will attest to the quality of our service.

  • We have the lawyers, negotiators, and processors you need to facilitate a successful short sale transaction.

  • We offer direct access to Fannie, Freddie, FHA and VA lenders.

  • We have long-standing professional relationships throughout the REO community.

  • We’ve been the Long Island short sale experts since 2008, making us the best choice for helping you move forward with your life after the short sale.

Please Note!

Processing a short sale is a highly technical transaction. Completing a short sale in a timely and efficient manner requires more than business-as-usual real estate representation. Short sales call for experience, a knowledge of the relevant state legal requirements, and, above all, a passion for helping others and operating at the highest level of excellence and integrity. Many of our clients call us AFTER their real estate agent was unsuccessful in short-selling their home. Call us FIRST! We’ve been Long Island’s short sale experts since 2008, helping {hundreds? thousands?] of families avoid foreclosure. We judge our success based on your satisfaction.