You have a few options when your home is worth less than what you owe. One option is to process a short sale application, which is when a lender is willing to accept less than what is owing in order to prevent having to go through the long, protracted foreclosure process. It is called a short sale because it is a “short” payoff.
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NYS DOS Fair Housing Disclosure 2020
NYS DOS Fair Housing Posting
NYStateMLS Agency Disclosure
NYStateMLS Broker Buyer Agreement
NYStateMLS Cobroke Agreement
NYStateMLS Exclusive Right to Sell
NYStateMLS Property Condition Disclosure
SOP NYSAR STANDARDIZED OPERATING PROCEDURE FOR PURCHASERS OF REAL ESTATE
Standard Operating procedures NYS
Borrower Affidavit of Financial Hardship
Borrower Decline_Opt-Out Modification Option
Borrower Letter of Intent
Borrower Phase 1
Borrower Short Sale Addendum
Borrower Short Sale Disclosure Affidavit
Borrower Third-Party Authorization