Property Q&A in Cedarhurst>Question Details

Jeremy, Both Buyer and Seller in New York, NY

I heard this property might be a short-sale....I'm trying to find out which bank owns the mortgage. Any ideas?

Asked by Jeremy, New York, NY Wed May 13, 2009

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Hi Jeremy - as an agent in the Five Towns area as far as I can tell and have heard this home does not have Lis Pendens on it, and has not appeared on any lists as a short sale.

The owner might be in the process of negotiating something that has not become public knowledge, maybe a modification or even a short sale.

Wish I could tell you something more.

If I can help you at all, please do not hesitate to contact me.


Donna Galinsky
Pugatch Realty
0 votes Thank Flag Link Wed May 13, 2009
If I were you I would ring the bell and ask the homeowner.
You might be doing him a favor if it is a short sale and make him
an offer. Even though a house is a short sale
that is the first stage of a foreclosure. A homeowner has to prove
hardship in order for the bank to sell short.
If the homeowner does nothing and waits for foreclosure in other words
waits to be evicted than you have to wait for the bank to gain possession of the home.
I hope this helps you.

Camille Dandola
Charles Rutenberg Realty
0 votes Thank Flag Link Wed May 13, 2009
Currently, this property is not showing up on MLS and public records has no indication of it as short sale.

0 votes Thank Flag Link Wed May 13, 2009
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