There are programs which may be available to qualifying homeowners who are experiencing financial hardship. If you are unable to resolve your delinquency through other loss mitigation programs, we may applyfor short sale option(if available). If your house is currently worth less than the amount remaining on your loan (underwater), you may be able to sell your house in a short sale. The short sale process includes the sale of your home and settling your mortgage debt for less than the amount that you owe. Additionally, you may be eligible for financial assistance for moving, rental and other relocation expenses.

General Eligibility

You may be eligible to sell your home in a short sale if:

  1. You have experienced a financial hardship, such as job loss
  2. You owe more than you house is worth
  3. You are unable to afford your current monthly mortgage payment
  4. You are unable to modify your current home loan

Program Steps

Step 1: Apply

Call HANS-ON REAL ESTATE, LLC @ 516-668-4300 to review your options.

Once you’ve decided a short sale is right for you, HANS-ON REAL ESTATE, LLC will send you a

Borrower Response Package (BRP), unless you opt to download the package from

Step 2: List Your Property on the Market

We recommend that you work with a licensed real estate agent, who can assist you in

the listing of your home. HANS-ON REAL ESTATE, LLC is a New York, New Jersey, Pennsylvania,

Connecticut and Florida state licensed brokerage firm and can assist in listing your home.

Step 3: Receive an Offer to Purchase your House

Once an offer is received, we’ll begin working to gain approval of your first mortgage

short sale request from all necessary parties.

If you have a second mortgage with a different lender, or any outstanding debts or

liens against the property, we will work to get settlement approvals from those parties.

Step 4: Approval

The mortgagee (lender) will determine fair market value of your home by ordering a property

valuation and reviewing recently sold homes comparable to yours in your local market.

Based on their findings, they may present us with a counteroffer if the original offer is

not in alignment with the fair market value of your home.

Step 5: Closing

If all parties agree to the terms of the offer, including the owner of your loan, your

short sale will be approved.

Download Forms

Third Party Authorization form


Short sale affidavit

Decline/opt-out modification

Consent to obtain credit report

Affidavit of Financial Hardship