From a lender's perspective, it very well might not be an issue. The concern would come from the buyer's side. Will their lender have an issue? More than likely If the buyer is purchasing all cash, would their attorney look into everything close enough and bring this issue up? Probably not. Even though I do not believe it's an issue, I strongly disagree with the advice below. I would NOT omit this. You should fully disclose it to your attorney and Realtor and make sure they pass this on to the buyers. I'm sure any experienced broker would be able to inform you that this is not much of an issue. If you have not yet listed your home and need a good broker, feel free to contact me and I would be happy to give you the names to a few reliable and experienced brokers who can help you. Good luck!
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Assistant Director of Sales
ACADEMY MORTGAGE CORP
105 Conklin Street
Farmingdale, NY 11735
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you have to be careful looking at DOM nowadays. Before all the short sales hit the market this was a more accurate indicator of the market. However, since short sales came into play DOM is not as relevant. If a short sale is escrow for 6 months while the listing agent and seller negotiate with the bank for the short sale pay off then this would drastically increase the DOM average.... more
Hi how are you? Im Joe a realtor representing many sellers in your area as well as in the east Queens locations. Id be happy to assist you in selling your home if you would like the assistance. please call me if you are interested. thank you... more