Poughkeepsie Short Sale Leads Find Homes and Short Sales in Poughkeepsie and surrounding areas Poughkeepsie Short Sales The foreclosure crisis in Poughkeepsie and surrounding areas are causing more lenders and borrowers behind in payments to try to avoid the costly expense of foreclosure and are focusing more on short sales.   Even title companies are refusing to issue title insurance on homes that were seized by the bank.  One home buyer in Arlington was evicted after he did not make the payments on his home for 13 months.  After the bank got it they tried to sell to a foreclosure buyer and the title company said they wont issue insurance because the chain of title "may have" been broken.   If the homeowner had negotiated a short sale, there would have been no foreclosure to cloud the title.  more   Looking to buy a home in Poughkeepsie Arlington Fairview Higland Milton Spackenkill Crown Heights Haviland Clintondale New Paltz Other Central and Upstate New York Properties Fill in the short form below to find out of your property qualifies for our short sale program.   First & Last Name (Only) City State  AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VI VA WA WV WI WY Canada United Kingdom Australia Other ( property location) Street Address Zip Work Phone (Ex.000-000-0000) Home Phone (Ex.000-000-0000) You must provide 1 valid contact #. Type of House Single Family Condo Townhouse Multi-Family Mobile Home with Land Commercial Property Current Value (enter whole numbers only, i.e. 170000 do not enter commas, decimals, cents or other characters) Total Mortgage Balance  (Existing 1st and 2nd, if you owe zero enter the number 1) (enter whole numbers only, i.e. 170000 do not enter commas, decimals, cents or other characters) Existing Current Interest Rate For purchase leave blank. Fixed or Adjustable? Fixed Adjustable Not sure Purchase leave blank. Behind on Payments? Yes No Best Time / Place to Call Total Amount Owed (enter whole numbers only, i.e. 170000 do not enter commas, decimals, cents or other characters) Service Desired Loan Modification Refinance Refinance-FHA Purchase Commercial Loan or Modification Reverse Mortgage Construction Short Sale   Email Address user@isp.com no spaces please Name of Lender number of payments behind, Additional info that you think may be helpful max 255 letters May we have your permission to send you occasional special offers by email? Yes No This consultation request form is for all 50 US states. If you are outside the following states, (Connecticut, and New York) then your quote request will be submitted to a lender or consultant in your area via The Mortgage Leads Network All information collected is treated as strictly confidential and will only be used for the purposes of a mortgage quote request.  We will never sell your name to a third party marketer. Copyright 2009 Mortgage Leads Network, Leadsnet Inc. Need to Sell Quickly Or Know Someone Who Does Because of...   Bad Loan Modification?   Behind on Payments?   Foreclosure?   Need Repairs?   Home Sitting Vacant?   Bad Tenants?   Divorcing?   Small Equity?   Double Payments?   EstateSale?   Relocation?   Fire Damage?   What is a short sale and how does a short sale work? Simply put a short sale is when you sell your house to a third party and the bank accepts an amount less than the amount you owe and forgives the difference. If your property value is less than the amount you owe on your home, then it doesn't make much sense to continue owning that home.  A third party buyer can make an offer to the bank to pay off your loan.  Example:  Let's say you bought a home in 2006 for $250,000 with 10% down.  Similar homes recently sold for $175,000.  You owe about $220,000.  Let's also assume your payments are $1700 per month and you could rent a similar home for $1200 per month. A short sale buyer will make an offer to the bank to cash out the lender at a discount to the face value of the loan.  If it is accepted, you can walk away from the $220,000 debt and owe nothing. The bank relives you of the debt and does not show a foreclosure on your credit record. Now instead of putting good money after bad and continuing to fund a losing investment, you can rent and save $500 per month. What happens after I fill in the form? Within seconds your request for a consultation is routed to investors that are buying homes in the Poughkeepsie area or a real estate agent that can arrange a buyer for you.   Follow these links for  commercial short sales and commercial short sale leads .