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Short Sales: See how it can help your situation – as a seller or buyer

By Judi Desiderio, Friday, March 13, 2009
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Fact: More and more people are having trouble making ends meet, and are unable to meet their mortgage obligations. Some people have been served foreclosure papers and a “Lis Pendens” may have been filed. Terrifying stuff, the prospect and misery of losing your house, and as if that is not enough, ruining your credit for a decade to come or more.

Town and Country can help, there is a bright side: there are other people who are looking for value in the housing market, who have cash ready to go to purchase your home.

The wild card in this process are the banks and how to deal with them. To help people who owe more on their mortgage than their house is worth, and who are financially so distressed that they cannot keep their mortgage payment up, a good real estate broker knowledgeable in the field of short sales can bring these two groups of people together and -for the people in trouble- help them take care of a serious financial problem, lift the burden, and prevent catastrophic damage to their credit.

Town and Country, following up on very successful seminars in Hampton Bays and East Hampton, is holding its next Short Sale Seminar on March 19, 2009 in Southold, 7pm (VFW Hall-corner Rte25/Tuckers Lane)

The seminar on Thursday, March 19th will help distressed homeowners understand the process better: Attorneys, a banker from Wells Fargo, a mortgage broker from Manghattan Mortgage, several experienced short sale Realtors ™ and a credit enhancement professional will be available to answer questions. Interested in buying? The panel can answer your questions and explain why you need to deal with an experienced Realtor ™ to successfully close on a short sale, and prevent getting unduly frustrated by the process.

Call or email Joan Bischoff van Heemskerck, T&C’s North Fork Director of Operations (Lic. Associate Broker) jbischoff(at)1townandcountry(dotted)com or 631 948 0234 or 631 765 0500 for more information!