The Pros & Cons of Short Sale in New York City

How do you know if applying for a Short Sale is right for you?

Well, if you are in the unfortunate position of not being able to afford your monthly mortgage payments and are unable to renegotiate the length and terms of your home loan, then a Short Sale is probably your best move.

To help you make a more informed decision, consider the following Pros and Cons:

Pros:

You will avoid the lengthy, costly and emotionally taxing foreclosure procedure [Read more...]