Short Sales

The Short Sales Certificate

If you purchased or refinanced your home within the past few years and now need to sell in a deflated real estate market, a short sale may be an option for you.

A short sale is a process whereby a homeowner can sell a home and pay off an existing mortgage at less than full value. A short sale can benefit all parties to the transaction. The lender receives a more cost effective solution to the lengthy and tedious foreclosure process, which often results in less money to the lender than the short sale proceeds. The homeowner avoids the embarrassment of foreclosure as well as its damaging effect on his or her credit. The purchaser receives the opportunity to purchase a quality home at a reasonable price.

A short sale contains complexities not present in a typical real estate transaction. Moreover, not all lenders will negotiate a discounted mortgage payoff, and the parameters vary from lender to lender. Stacy works with a team of professionals, including loss mitigation specialists and attorneys, who will determine if you are a good candidate for a short sale. Her network of professionals has vast experience in meeting the requirements of the lenders and negotiating a discounted mortgage payoff. This experience allows you a much better chance of completing a short sale, and doing so on an expedited basis.

There are generally no out-of-pocket expenses to homeowners that successfully complete a short sale. Call Stacy for more information at 516-827-SOLD (7653).

Notes of Thanks:

Closing Date: January 29, 2010

Dear Stacy, From the day we decided as a family that we had no other choice than to short sale my parents house, we didn't know where to begin. We made a phone call to your office and got you on the phone. Right from the beginning I knew that you were a perfect match. You had the answers to all of our questions and actually had compassion for the situation that my parents were in. We met with you days later and the house was immediately put on the market. We received offers relatively quick and thought this isn't so bad! But there was work to be done. Every step of the way we received calls from you telling us where we were in the process. And a few months later we closed on the property. I thank you for your experience, kindness and patience. It was a pleasure doing business with you and I would recommend you highly as a great realtor. I have no doubt in my mind how you won all of those awards. Sincerely, Fran Palazzolo

Closing Date: February 4, 2009

Thank you so much for helping me to sell my home. I know now that a Short Sale is a different than selling a home through the normal process but you guided me from the start, were very caring and easy to work with. You took what was a very complicated and difficult situation and made it a bit less stressful. I am glad my neighbors referred me to you and I will be happy to recommend you to my friends and family. Best of luck to you. Laura Capaldo

Closing Date: February 4, 2009

Stacy, thank you for helping us buy our beautiful home. We are all so happy here and appreciate everything you did to help. We were so anxious and worried about the Short Sale taking awhile to close. I know we called you a lot on the telephone, and you were always patient and worked with your legal team to make sure everything was okay. When we look back, George and me, it really didn’t take long and we believe part of that was because of your efforts. My kids just started their new schools and each day they come home and say how much they love school and their new friends. We will stay in touch and tell all our friends who need a Realtor to call you. The Charidemou Family

Closing Date: September 30, 2008

Stacy Zigman had kept in touch with me and my family regarding a future move. She was always friendly and never pushy as an agent, which made it comfortable talking with her. When our son was at his wits end trying to sell his home due to the foreclosure notice sent to him from his mortgage company, I told my son about Stacy and asked him to give her a call and let her see what can be done to remedy the situation. She told him what to do to make his house saleable in the unrelenting market. She then led him through the entire procedure for a short sale step-by-step. Even when he thought all hope was gone, she searched for prospective clients to assure the sale of his home. Unfortunately, he made no money on the sale of his house, but it placed him out of harm’s way as for staining his credit history. We are forever grateful to Stacy for her diligent hard work. With Sincere Appreciation, Norine Mandra