Short Sale Process

April 28, 2011 by · Leave a Comment 

Tweet The short sale process involves the following parties: Buyer Seller Buyer Attorney Seller Attorney Buyer Lender Seller Lender The short sale process in a nutshell: Seller, for whatever reasons (usually a financial hardship or strategic default strategy), puts their home up for sale with the intention of negotiating with their lender(s) to sell the […]

Long Island Short Sales: “Patience Equity”

April 18, 2011 by · Leave a Comment 

Tweet It’s a term that I cannot take credit for but when it comes to buying Long Island short sales, patience equity is what you must be prepared to shoot for as a buyer. A common term used by people who buy “handyman specials” is sweat equity. This type of equity is what you’re buying […]